Furthermore, the Nomination Committee will propose to elect Lars-Johan Jarnheimer as Chairman of the Board at the upcoming Annual General Meeting.
As part of an organised succession plan for the Chairman of the Board role, the Nomination Committee is pleased to announce a new Chairman of the Board of CDON Group. The proposed Chairman of the Board, Lars-Johan Jarnheimer, has been a member of the Board of CDON Group since August 2010. Lars-Johan has extensive professional experience from his operational roles leading organizations within the retail, media and telecom sectors. Lars-Johan is currently Chairman of the Boards of Directors of Eniro AB, Baby Björn AB and Arvid Nordquist Handels AB and a member of the Boards of INGKA Holding B.V. (the parent company of the IKEA Group of Companies), Apoteket AB and Egmont International Holding A/S. He is also Chairman of the BRIS (Children's Rights in Society) charity. Lars-Johan served as Chief Executive Officer of Tele2 AB from 1999 to 2008, and previously held various senior positions at IKEA, Hennes & Mauritz and Comviq AB. Lars-Johan graduated with a Master's Degree in Economics and Business Administration from Växjö and Lund universities in Sweden.
Cristina Stenbeck, Chairman of the Nomination Committee, commented: “On behalf of CDON Group's largest shareholders, I am very pleased that Lars-Johan Jarnheimer has accepted our nomination to be elected Chairman of the Board of CDON Group. Mr. Jarnheimer’s background as former CEO of a large listed company in Sweden will provide strengthened leadership to the management of CDON Group. His experience as Chairman of the Board of several listed companies will add a further dimension of both continuity and strategic guidance in the next phase of CDON Group’s growth and development.”
“I would also like to thank Hans-Holger Albrecht for his significant contribution as Chairman of the Board. Hans-Holger has been instrumental in the successful development of the Group into an e-commerce market leader over the past twelve years, as well as its transition into an independent and separately listed company.”
Information with respect to the proposed Directors of the Board is available on CDON Group’s website at www.cdongroup.com.
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