Lena Patriksson Keller and Niklas Zennström proposed to be appointed to H&M Board of Directors
Thursday, 19 December 2013
The Election Committee of the Swedish clothing giant, H&M announces
that it has proposes that Lena Patriksson Keller and Niklas Zennström
be elected as new members of the Board of Directors.
After completing its work on proposals to the Annual General Meeting on
29 April 2014 for the composition of the Board of Directors, the
Election Committee said it has also proposed that the following present
directors be re-elected: Anders Dahlvig, Lottie Knutson, Sussi Kvart,
Stefan Persson, Melker Schörling and Christian Sievert.
Bo Lundquist has declined re-election. Mia Brunell-Livfors has asked to
be relieved of her position on the Board of H&M as of 1 January
2014 because she is to take up a position on the Board of a company in
the same industry.
The Committee proposes that Stefan Persson be re-elected as Chairman of the Board.
“I am very pleased that Lena Patriksson Keller and Niklas Zennström
have agreed to be proposed as new members of H&M’s Board. Lena
Patriksson Keller has long experience of the fashion industry and will
contribute a great knowledge of fashion and communications, among other
things. Niklas Zennström has a thorough background as a successful
entrepreneur with extensive expertise in areas such as IT and online.
Niklas Zennström’s experience will be valuable for H&M’s future
online expansion,” says Stefan Persson, Chairman of H&M’s Election
Committee and of H&M’s Board of Directors.
Lena Patriksson Keller was born in 1969 and has worked in the fashion
industry for more than 20 years, both from an international and a local
perspective, focusing on branding and communications but also in
buying, distribution and product range. Lena Patriksson Keller is the
founder and owner of Patriksson Communication, where she is now
Executive Chairman. Lena was previously part-owner of Whyred and has
worked at J. Lindeberg AB and H&M.
Other board assignments include positions on the boards of WESC and NSP
(Nordic Service Partners) and as chairman of the board of ASFB, the
industry organisation Association of Swedish Fashion Brands. Education:
Design and Marketing at Parsons School of Design in New York and at the
American University in London. Her own shareholding in H&M amounts
to 700 shares and related parties’ holdings amount to 9,450 shares.
Niklas Zennström was born in 1966 and has co-founded companies
including venture capital company Atomico, IP telephony company Skype,
file sharing service Kazaa and internet video service Joost.
Along with his wife Catherine, Niklas Zennström established Zennström
Philanthropies which supports organisations particularly associated
with climate change, social entrepreneurship, the Baltic Sea
environment and human rights.
Niklas Zennström began his career at Tele2 and was later CEO of
everyday.com. Niklas is currently CEO of Atomico, which focuses on
fast-growing tech companies. Niklas Zennström is a member of the board
of Rovio. Education: Dual degrees in Business Administration and
Engineering Physics from Uppsala University. His shareholding in
H&M amounts to 0 shares.
The Election Committee comprises Stefan Persson, Lottie Tham, Liselott
Ledin from Alecta, Jan Andersson from Swedbank Robur Fonder and Anders
Oscarsson from AMF Pension. The members of the Election Committee are
backed by shareholders who together represent around 75 percent of the
total votes in the company.
Based on a press release from H&M
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