March 21, 2014 07:57 UTC

Hans Stråberg Nominated Chair of Atlas Copco

STOCKHOLM--(BUSINESS WIRE)-- Regulatory News:

Atlas Copco AB (STO:ATCOA) (STO:ATCOB)

Hans Stråberg, Vice Chair of Atlas Copco AB, has been proposed by the Nomination Committee to serve as the next Chair of the Board. Shareholders will vote on the matter at the Annual General Meeting on April 29.

Hans Stråberg, a Swedish citizen born 1957, has broad experience in leading a multinational company. He was President and CEO of AB Electrolux between 2002 and 2010, and held various leading positions within Electrolux, both in Sweden and the United States, since joining that company in 1983. He serves as Chair of Roxtec AB, CTEK AB and Orchid Orthopedics Inc., and is a member of the Board of Investor AB, N Holding AB, Mellby Gård AB and Stora Enso Oyj. Stråberg is a member of the Atlas Copco AB Board since 2013 when he was also elected Vice Chair.

“Atlas Copco is a fantastic company built on an innovative spirit and with an outstanding commitment to its customers," said Hans Stråberg. “I am proud of the nomination and hope to contribute to a continuous development with profitable growth in the years to come if I am elected."

Stråberg has a Master of Science in mechanical engineering from Chalmers University of Technology in Gothenburg, Sweden.

On December 18, 2013, Atlas Copco announced that Sune Carlsson, present Chair of the Board of Atlas Copco AB, has declined reelection at the Annual General Meeting 2014.

Photos: To view and download pictures of Hans Stråberg, please visit Atlas Copco’s photo gallery (http://multimedia.atlascopco.com/#1395045969781_0).

Atlas Copco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2013, Atlas Copco had revenues of BSEK 84 (BEUR 9.7) and more than 40 000 employees. Learn more at www.atlascopco.com.

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Contacts

Atlas Copco
Ola Kinnander
Media Relations Manager
+46 (0)8 743 8060 or +46 (0)70 347 2455


Source: Atlas Copco