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Cavotec SA - Nomination Committee announcement

11:10 / 23 February 2018 Cavotec Press release

Cavotec SA
Other information disclosed according to the rules of the Exchange

Cavotec SA - Nomination Committee announcement

According to Art.13 of the current Articles of Association, as well as
according to Art.3 of the Federal Ordinance on Excessive Compensation, the
directors are elected each year to hold office until the following annual
shareholders' meeting. Directors may be re-elected. 

It is proposed that the Ordinary General Meeting in Lugano is to be chaired by
Stefan Widegren. 

Fabio Cannavale, Erik Lautmann, Heléne Mellquist, Helena Thrap-Olsen and Patrik
Tigerschiöld will stand for re-election, while Roberto Italia is proposed for
election. Ottonel Popesco and Stefan Widegren will not stand for re-election. 

The Nomination Committee proposes Fabio Cannavale, Erik Lautmann, Heléne
Mellquist, Helena Thrap-Olsen and Patrik Tigerschiöld to be re-elected as
Directors for a further one-year term of office expiring at the Ordinary
General Meeting to be held in 2019. 

The Nomination Committee proposes to elect Roberto Italia to the Board of
Directors. 

The Nomination Committee furthermore proposes to nominate Patrik Tigerschiöld
as Chairman of the Board of Directors. 

With respect to the requirements in the Swedish Corporate Governance Code (the
Code) that a majority of the directors elected by the shareholders' meeting are
to be independent of the company and its executive management and that at least
two of this majority also are to be independent in relation to the company's
major shareholders, the Nomination Committee has carried out the following
assessment: 

Fabio Cannavale, Roberto Italia, Helena Thrap-Olsen, Heléne Mellquist, Erik
Lautmann and Patrik Tigerschiöld are all independent of the company and its
executive management. 

Roberto Italia, Helena Thrap-Olsen, Heléne Mellquist and Erik Lautmann are all
also independent in relation to the company's major shareholders. 

The Nomination Committee therefore concludes that all requirements of director
independence as set out in the Code are met. 

Shareholders representing more than 40 per cent of the votes support the
above-mentioned proposals made by the Nomination Committee. 

Finally, and in accordance to Art. 7 of the Federal Ordinance on Excessive
Compensation and with the Internal Regulations, the Nomination Committee
proposes to elect the following Board members to be part of the Remuneration
Committee for the year 2018/2019: 

Erik Lautmann
Helena Thrap-Olsen
Patrik Tigerschiöld

With respect to the requirements in the Code that all members of the
Remuneration Committee, apart from the chairman of the Remuneration Committee,
are to be independent of the company and its executive management, the
Nomination Committee has come to the conclusion that all candidates proposed by
the Board of Directors are independent of the company and its executive
management. 

Reference is made to the motivated Nomination Committee Statement available on
Cavotec’s investor relations website http://ir.cavotec.com and attached to this
press release. 

Cavotec SA Nomination Committee can be contacted via nominations@cavotec.com.



ENDS



For further details please contact:



Kristiina Leppänen

Group Chief Financial Officer & Investor Relations

Telephone: +41 91 911 40 11 — Email: investor@cavotec.com



Cavotec is a leading engineering group that designs and manufactures automated
connection and electrification systems for ports, airports and industrial
applications worldwide. Cavotec innovative technologies ensure safe, efficient
and sustainable operations. TofindoutmoreaboutCavotec,
visitourwebsiteatcavotec.com. 



The information in this release is subject to the disclosure requirements of
Cavotec SA under the Swedish Securities Market Act and/or the Swedish Financial
Instruments Trading Act. This information was publicly communicated on 23
February 2018, 11:10 CET.

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