Electrolux nominates Geert Follens, Daniel Nodhäll and Michael Rauterkus for election to its Board of Directors

– SWEDEN, Stockholm –  AB Electrolux (STO: ELUX-B) today announces the proposal for the elections of Geert Follens, Daniel Nodhäll, and Michael Rauterkus as new members of the Board of Directors at the AGM on March 27, 2024.

Torbjörn Lööf is proposed to be elected as the new Chairman of the Board of Directors to succeed Staffan Bohman who has announced that he will not be available for re-election.

The Nomination Committee further proposed the re-election of Petra Hedengran, Ulla Litzén, Karin Overbeck, David Porter, and Jonas Samuelson, while Henrik Henriksson and Fredrik Persson have also declined re-election.

About Geert Follens

Geert Follens, a Belgian citizen, has extensive industrial experience and is a very experienced strategist with successful results in global as well as local management. Geert Follens has been Senior EVP and Business Area President of Vacuum Technique at Atlas Copco since 2017 and is also a member of the Board of AB SKF. Since 1995, he has held several leading positions within Atlas Copco, including General Manager of Atlas Copco Compressor Technique customer center, President of the Portable Energy division, and thereafter President of the Industrial Air division.

About Daniel Nodhäll

Daniel Nodhäll, a Swedish citizen, has long experience and valuable competence within the financial field. Daniel Nodhäll has been Head of Listed Companies and a member of the Executive Leadership Team at Investor AB since 2015 and is also a member of the Board of Husqvarna AB and Electrolux Professional AB. As a strategic analyst focused on the engineering sector, Daniel Nodhäll has since 2002 held several positions at Investor AB, including Investment Manager and Head of Capital Goods. He has also been a member of the Board of SAAB AB.

About Michael Rauterkus

Michael Rauterkus, a German citizen, has extensive experience in several industries with strong brand portfolios and possesses strong strategic competence and transformational ability. Michael Rauterkus has been President and CEO of Uponor Corporation since 2021 and is also a member of the Executive Board of Georg Fischer in Switzerland. During the period 2006-2019, he held several management positions at Grohe AG, in his most recent position as CEO developing the company into a global leader in bathroom and kitchen solutions.

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