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Retail

Sweden's ICA Gruppen Appoints Nomination Committee

By Dayeeta Das
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Sweden's ICA Gruppen Appoints Nomination Committee

Swedish retailer ICA Gruppen has announced that it has appointed a nomination committee ahead of its 2020 Annual General Meeting.

The committee has been set up according to the resolution of the 2019 Annual General Meeting.

The committee is to comprise of four members representing the company’s major shareholders, of which two are to be appointed by the largest shareholder, ICA said.

The members include Tomas Emanuelz and Anna-Karin Liljeholm from ICA-handlarnas Förbund, Tommi Saukkoriipi of SEB Investment Management, and Lars Lönnquist of Spiltan Fonder.

Role Of Committee

The committee will draw up recommendations for directors’ fees, broken down by the Chairman of the Board and other board members, as well as fees for committee work and the company’s auditor.

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The Nomination Committee represents approximately 56% of the votes and capital in ICA Gruppen, which is based on a list of shareholders provided by Euroclear Sweden AB as per the last trading day in August 2019.

The Annual General Meeting is scheduled to be held on 21 April 2020 in Stockholm in Sweden.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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