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ABB nominates Lars Förberg for election to board

Lars FörbergABB, a robotics and the power and automation technology company, has nominated Lars Förberg, managing partner at Cevian Capital, as new member for election.

Mr. Förberg co-founded Cevian Capital in 2002 and serves as its Managing Partner.

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Mr. Förberg has extensive board and investment experience across multiple industries and geographies, in particular with companies managing strategic, operational and organizational change.

Mr. Förberg serves as a Member of the Election Committee of AB Volvo.

From 1990 to 1997, he was a Partner and served as an Investment Manager at Nordic Capital. He served as the Chairman of Andvord Tybring-Gjedde ASA.

Mr. Förberg serves as Director of Cevian Capital AG, Cevian Capital Ltd, and Panalpina Welttransport (Holding) AG.

He serves as Member of Nomination Board at Metso Corp. He served as a Director at Panalpina World Transport Holding Ltd. from May 10, 2011 to May 15, 2013.

Mr. Förberg served as a Non-Executive Director of Alent plc since October 31, 2012 until December 1, 2015. He served as a Director of Danske Bank A/S from March 18, 2013 to March 17, 2016.

Mr. Förberg served as a Director of Intrum Justitia AB from August 17, 2004 to March 31, 2011. He served as a Director of AB Lindex from December 7, 2004 to December 19, 2006.

Mr. Förberg holds an M.Sc. degree in Economics and Business Administration from the Stockholm School of Economics, including studies at the University of Michigan.

He holds 2nd year of MBA program from University of Michigan, USA in 1990.

At the coming annual general meeting (AGM) on April 13, 2017, all ABB board members will stand for re-election, except for Robyn Denholm and Michel de Rosen who have decided to not stand for re-election.




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