STOCKHOLM, March 27, 2020 /PRNewswire/ -- The Board of
Directors is proposed to consist of six (6) members and no
supplemental members. Re-election is proposed for John Brehmer, Bertil
Larsson, Tone Bjørnov, Charlotta Björnberg-Paul and Mari
Thjømøe, and new election of Sara
Mindus, all until the next Annual General Meeting.
Furthermore, the nomination committee proposes the new election of
John Brehmer as Chairman of the
Board until the next Annual General Meeting. CEO Mattias Carlsson is proposed to be dismissed
from the Board of Directors.
It is the view of the Nomination Committee that the proposed
board members have the experience and knowledge deemed necessary to
secure the Company's and the owners' interests. The Nomination
Committee has also considered an even distribution of gender within
the Board.
The proposed composition of the Board of Directors is in line
with the rules of the Swedish Code of Corporate Governance with
regard to independence. With the exception of John Brehmer, all members of the Board of
Directors are viewed as independent of the main shareholder.
Furthermore, all members of the Board of Directors are viewed as
independent in relation the Company and the Company's
management.
The nomination committee has, after discussions with the Board
of Directors, arrived at the conclusion that the remuneration to
the members of the Board of Directors and its committees should not
be taking COVID-19 and the general market situation into
consideration.
For the upcoming AGM in May, the Nomination Committee has
consisted of Paul Källenius (representing TFB Holding AB),
Erik Selin (representing Erik Selin
Fastigheter AB), Jonas Weil
(representing Merizole Holding Ltd.), and Mari Thjømøe (Chairman of
the Board). Paul Källenius was appointed as Chairman of the
Nomination Committee. Tiberon, the third largest shareholder in TF
Bank, declined representation in the Nomination Committee.
The other proposals of the Nomination Committee and more details
on the proposed Board of Directors will be presented in the Notice
to the AGM and published on www.tfbankgroup.com.
The AGM of TF Bank will take place on May
7 at 15.00 CET in Stockholm.
TF Bank in brief
TF Bank was founded 1987 and is an internet-based niche bank
offering consumer banking services and e-commerce solutions through
a proprietary IT platform with a high degree of automation. Deposit
and lending activities are conducted in Sweden, Finland, Norway, Denmark, Estonia, Latvia, Lithuania, Poland, Germany and Austria through branch or cross-border
banking. From 2020 the operations are divided into three segments:
Consumer Lending, Ecommerce Solutions and Credit Cards. TF Bank is
listed at Nasdaq Stockholm.
For further information, please contact:
Mikael Meomuttel, CFO and Head of Investor Relations
+46-(0)-70-626-95-33.
The information was provided by the above contact persons for
publication on March 27, 2020 at
16.00 CET.
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/tf-bank-ab--publ-/r/nomination-committee-s-proposal-for-the-board-of-directors-in-tf-bank-ab--publ-,c3073206
The following files are available for download:
https://mb.cision.com/Main/13973/3073206/1219460.pdf
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