The Chief Procurement Officer at Volvo Car Corporation, Martina Buchhauser who stepped down from his position recently, where she was also part of the Executive Management Team, is proposed as a new member of the Board of Directors to be elected at the Annual General Meeting on 6th May 2021.
Ragnhild Wiborg, who has chosen to resign and will leave the Board of Directors in conjunction with the AGM has served the board since 2014. Ragnhild Wiborg has taken a very active part in the Board as Chairman of the Audit Committee for five years, including working on the IPO in 2014 and a member of the task force involved in the successful rights issue process in 2020.
Jannis Kitsakis, Senior Portfolio Manager at the Fourth Swedish National Pension Fund, representing the largest shareholder in Gränges, and Chairman of Gränges’ Nomination Committee, said: “We are very happy to be able to propose Martina Buchhauser as a new member of the Board of Gränges. With her vast and extensive experience from the global automotive industry, most recently from companies with a focus on electrification and besides, she has been working actively with matters related to sustainability in the supply chain, we are convinced that she will make a strong contribution to Gränges’ continued development and profitable growth.”
Martina Buchhauser has until most recently been Chief Procurement Officer of Volvo Car Corporation and prior to that, she has been Senior Vice President of Purchasing and Supplier Network for Interior at BMW and head of Procurement at the truck and bus manufacturer MAN. She started her career at Opel, which then was part of General Motors, in which she held various positions in several countries within the purchasing and quality areas.
In addition, the Nomination Committee is proposing the re-election of Fredrik Arp, Carina Andersson, Mats Backman. Peter Carlsson, Katarina Lindström and Hans Porat. Fredrik Arp is proposed to continue as Chairman of the Board.
Gränges’ Nomination Committee before the Annual General Meeting 2021 consists of representatives of the company’s three largest shareholders and Gränges’ Chairman of the Board. The Nomination Committee has the following members: Jannis Kitsakis (The Fourth Swedish National Pension Fund, AP4), Anders Algotsson (AFA Insurance), Niklas Johansson (Handelsbanken Funds) and Fredrik Arp (Chairman of the Board of Gränges). The Chairman of the Nomination Committee is Jannis Kitsakis.
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