SEMCON: Markus Granlund appointed new CEO Proposal for Kjell Nilsson to revert to Chairman

Regulatory News:

The Board has decided to appoint Markus Granlund, the current deputy CEO of Semcon (STO:SEMC), as its new CEO from the time of the AGM on 26 April 2012. The nominations committee, unanimous in its proposal, also suggests that the current CEO, Kjell Nilsson, is appointed Chairman of the Board at the AGM.

"With Markus Granlund, Semcon gets a CEO who is very familiar with the company, from his positions as Chief Legal Officer since 2008 and as deputy CEO since the autumn. He’s shown an ability to take action, negotiate, has a vast commercial understanding and is respected throughout the organization. We pleased that we have managed to recruit in-house and would like to wish him a warm welcome to the post of CEO,” says Chairman of the board Hans-Erik Andersson. 

"I’m looking forward, together with my colleagues, to get the opportunity to continue developing Semcon’s global business,” says Markus Granlund.

Hans-Erik Andersson, Semcon’s Chairman since 2008, has notified the nominations committee that he will not be standing for re-election and will therefore be leaving his professional undertakings in the company in conjunction with 2012’s AGM.

Shareholders representing 46.9 per cent of the company’s shares and votes are behind the nominations committee’s decision for 2012’s AGM to propose that Kjell Nilsson reverts to the post of Semcon’s Chairman of the Board.

"Semcon’s long-term development is very exciting and I would very much like to continue contributing if the AGM unanimously decides with the nominations committee’s proposal,” says Kjell.

The notification to attend the AGM in its entirety, including the nominations committee’s and Board’s other proposals will be published no later than four weeks prior to the AGM on 26 April on the company’s website and by advertising in the Swedish Official Gazette and through adverts in Dagens Industri.

Semcon is a global company active in the areas of engineering services and product information. The Group has nearly 3,000 employees with extensive experience from many different industries. We develop technologies, products, plants and information solutions along the entire development chain and also provide many services including quality control, training and methodology development. Semcon boosts customers’ sales and competitive strength by providing them with innovative solutions, design and solid engineering solutions. The Group has sales of SEK 2.5 billion and activities at more than 45 sites in Sweden, Germany, the UK, Brazil, Hungary, India, China, Spain and Russia

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