Latest news with #boardelection
Yahoo
03-07-2025
- Politics
- Yahoo
Six Carlisle United fans contest trust board position
Six Blues fans are hoping to be voted onto the Supporters' Trust board (Image: Ben Holmes) Six Carlisle United fans are vying for a place on the supporters' trust board. The Carlisle United Supporters' Trust are co-opting a new board member. It is going to a members' vote which runs until Sunday. Advertisement Six members are standing for election – they are Michael Harrison, Samantha Jones, Will Lindsay, Benn Sanderson, Sean Wright and Beverley Young. Statements from the six candidates can be read on the supporters' trust website HERE. Online voting links have been sent to members, with the vote set to close at 6pm on Sunday. The trust has about 1,150 members. Carlisle United trust bosses on club 'reset', criticism, changes and plans The co-opted role will last until the trust's next Annual General Meeting, which is set to be held in early December. At that point, the newly-elected board member can decide whether to stand for full election on a three-year term. The trust's board currently consists of Billy Atkinson and Matt Spooner, who represent the trust on the club's Holdings and 1921 boards, as well as chair Dan MacLennan plus Chris Armstrong, Kieron Bulman, Ross Parkinson, Martin Robson, Riegan Thompson, Claire Winder and Tony Wightman.
Yahoo
11-06-2025
- Business
- Yahoo
The Nomination Committee's proposal for Systemair's Annual General Meeting
SKINNSKATTEBERG, Sweden, June 11, 2025 /PRNewswire/ -- Today, the Nomination Committee is publishing its proposals to Systemair's Annual General Meeting (AGM) on 28 August 2025 regarding the election of board members and the chairman of the board. These proposals will also be presented in greater detail in the notice of the AGM. Systemair's Nomination Committee comprises Magnus Tell (Alecta, Chairman of the nomination committee), Gerald Engström (Färna Invest, Chairman of the Board and the company's largest shareholder), and Lennart Francke (Swedbank Robur Funds). The Nomination Committee proposes the re-election of Gerald Engström, Patrik Nolåker, Gunilla Spongh and Niklas Engström, as well as the election of two new members, Peter Fenkl and Åsa Söderström Winberg. Carina Andersson has declined re-election. Accordingly, the Committee proposes that the number of board members be increased by one, to a total of six. As announced on 7 April 2025, the Nomination Committee further proposes that Patrik Nolåker be elected Chairman of the Board and that Gerald Engström be elected Vice Chairman. Magnus Tell, Chairman of the Nomination Committee, says:"Since 2015, Gerald Engström, in his role as Chairman, has steered Systemair through the continued growth journey that has characterised the past ten years. We thank Gerald for his significant contributions as Chairman and are very pleased that he will continue his engagement on the board. We believe Systemair has a strong board to drive the strategic direction forward and further strengthen the company. Patrik Nolåker has been a board member for several years and will be an excellent successor as Chairman." "For me, as Chairman, it has been both a challenging and an honourable assignment. Together with the board, Group Management and all employees, Systemair has developed into Europe's largest supplier of ventilation products. As a founder, I have served on Systemair's board since 1974 and look forward to continuing," says Gerald Engström. Peter Fenkl, born 1961, holds a Master of Science in Engineering and has an extensive background in the ventilation industry as CEO of ZIEHL-ABEGG AG, as well as in senior roles at, among others, ABB. Peter began his career at the technology group Heraeus Instruments GmbH in product development and sales in the late 1980s. He has also been a long-standing member of the European Ventilation Industry Association (EVIA). Åsa Söderström Winberg, born 1957, holds a Master of Science in Economics and Business Administration and has a broad background in the built environment and energy, including roles as CEO of SWECO Theorells AB, CEO of Ballast Väst AB and Head of Communications at NCC Bygg AB. She has many years of board experience in both public and private settings and is currently a board member of Skanska AB, Currentum AB and FIBO AS. She also serves on the Swedish Armed Forces' Audit Committee and is a member of the Royal Swedish Academy of Engineering Sciences (IVA). For more information contact:Chairman of the Nomination 46 72 968 58 52 Systemair AB | SE-739 30 Skinnskatteberg, Sweden | +46 222 440 00 | Systemair in brief Systemair is a leading ventilation company with operations in 51 countries in Europe, North America, the Middle East, Asia, Australia and Africa. The Company had sales of SEK 12.3 billion in the 2024/25 financial year and today employs approximately 6,700 people. Systemair has reported an operating profit every year since 1974, when the Company was founded. Over the past 10 years, growth has averaged 7.9 percent. Systemair helps improve the indoor climate through energy-efficient products that contribute to reduced carbon dioxide emissions. Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, Fantech and Menerga brands. Systemair shares have been quoted on the Nasdaq OMX Nordic Exchange in Stockholm since October 2007 and are today traded on the Large Cap List. The Group comprises about 90 companies. This information was brought to you by Cision The following files are available for download: Pressrelease_Systemair_NominationCommitteeProposal View original content:
Reuters
21-05-2025
- Business
- Reuters
Swatch family Hayek faces test as investor presses to join board
ZURICH, May 21 (Reuters) - The family that dominates Swatch Group (UHR.S), opens new tab faces an unusual test on Wednesday when an American investor tries to secure a place on the Swiss watchmaker's board, bidding to shake up its performance after a slide in its fortunes. Steven Wood, founder of U.S. firm GreenWood Investors, wants Swatch to focus more on its luxury brands such as Breguet and Blancpain, but to be elected to the board he must get past the Hayek family, which controls about 44% of Swatch voting rights. GreenWood holds about 0.5% of Swatch shares and Wood is seeking to represent so-called bearer shareholders, which have a majority of the share capital, but not of the voting rights. Swatch's board has recommended his bid be rejected when it holds its annual general meeting on Wednesday. Jean-Philippe Bertschy, head of Swiss equity research at bank Vontobel, said the power of the Hayeks was likely to thwart Wood's bid. "The chances are very slim," he said. Proxy advisers Institutional Shareholder Services and Glass Lewis have recommended Swatch shareholders vote against the re-election of Swatch's supervisory board, raising concerns about their independence. Swatch is led by Chief Executive Nick Hayek, while his sister Nayla chairs the company that their father Nicolas helped create in the 1980s and built up into a global success story. Swatch did not reply to a request for comment. In late 2013, a year in which Swatch made net profits of over 1.6 billion Swiss francs ($1.9 billion), its shares were worth almost 600 francs. Last year, profit dropped by 75% to 219 million francs, and the stock now trades at less than 150 francs. Swatch sales also slipped by nearly 15% last year, hit by sagging demand in China, which has also hurt luxury rivals like LVMH and Kering. Still, its Swiss peer and Cartier owner Richemont has retained its market appeal. Richemont's watch sales ticked up slightly in 2024 and it has seen its shares rise almost a fifth so far this year. Swatch's stock is down by around 10% in 2025. Swatch is the most shorted stock on the Euro STOXX 600 index, according to LSEG data. Bertschy at Vontobel said that although he did not expect major upheaval at the AGM, rising pressure could over the medium term open the door for changes at Swatch, which has a market capitalization of over $9 billion. Even if shareholders ultimately gain some leverage, CEO Hayek has pushed back against market pressure and periodically said he could take the company private. ($1 = 0.8324 Swiss francs)
