New Board Member Proposed for AB SKF


As part of the nomination process agreed upon at the Annual General Meeting in 2004, the four largest shareholders of AB SKF with regard to the number of votes held, who...

...together represent around 40% of the votes of the total number of company shares, propose that Mr. Leif Östling be appointed as a new member of the Board of AB SKF.

Mr. Östling is currently the President and CEO of Scania AB. Mr. Östling, born 1945, has a MSc Engineering degree at Chalmers University of Technology in Gothenburg and a MSc Economics and Business Administration degree at the Gothenburg School of Economics.

Mr. Östling joined Scania in 1972 and after several senior executive positions he was appointed President and CEO when the independent Scania AB was created in 1994.

Mr. Östling is member of the following Boards: Scania AB, BT Industries AB, ADR-Haanpää Oy, Svenskt Näringsliv (Confederation of Swedish Enterprise) and Teknikföretagen (The Association of Swedish Engineering Industries).

The proposal also includes the re-election of board members Anders Scharp,

Sören Gyll, Vito H Baumgartner, Ulla Litzén, Clas Åke Hedström, Winnie Fok

and Tom Johnstone. Mr Philip N Green has declined re-election.

Source: SKF Group

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