Bulten’s Nomination Committee Intends to Submit Proposal Regarding New Chairman of the Board and New Board Members to the AGM 2015

The Chairman of Bulten's Board of Directors, Roger Holtback, has announced that he, after ten years on Bulten’s Board of Directors, will decline re-election at the forthcoming Annual General Meeting on 29 April 2015. Also Arne Karlsson, after in total eight years as board member, and Adam Samuelsson, after ten years as board member, will decline re-election. “After more than ten exciting and successful years, it is time to take on new challenges, not least in my own business group.

Since the beginning of 2014 Bulten’s market capitalization has developed strongly, the financial position is strong, Nordic Capital has left as owner, the organic growth has increased by over 30% and the production in the factory in Russia has started. In addition, division Finnveden Metal Structures has been sold in an industrially sound transaction and Bulten has become a clearly focused business with a new and inspired executive team”, says Roger Holtback.

The Nomination Committee intends to propose to the Annual General Meeting in 2015 that Ulf Liljedahl is elected new board member and appointed new Chairman of the Board. Ulf Liljedahl is President and CEO of Volito AB since March 1, 2015. He was previously Head of Group Finance, IT and investor relations for the Husqvarna Group and has held the position as Vice President and CEO of Cardo Group and a number of positions in finance at Alfa Laval. Furthermore, the Nomination Committee proposes that Gustav Lindner is elected new board member. Gustav Lindner is the CEO of Investment AB Öresund since October 2014 and has previously held various positions at Swedbank.

The Nomination Committee also intends to propose that Peter Karlsten is elected new board member. Peter Karlsten is Executive Vice President, Volvo Group Truck Sales & Marketing EMEA since 2012 and has held various positions in primarily ABB and AB Volvo. All proposed new board members have notified the Nomination Committee that they approve of the nomination and has declared themselves willing to undertake the assignments if the Annual General Meeting resolves in accordance with the proposal.

The Nomination Committee intends to propose re-election of Hans Gustavsson, Johan Lundsgård, Ann-Sofie Danielsson and Hans Peter Havdal. The Nomination Committee’s full proposal for decision and associated documents, information and reasoned opinion will be published in the Notice of Bulten’s Annual General Meeting 2015.