H&M proposes Helena Saxon as new board member
H&M has announced that its nomination committee has proposed that Helena Saxon be elected to its board.
She will replace Skype founder Niklas Zennström who has declined re-election to focus on his own companies and foundations.
After graduating, Saxon started her career as a financial analyst at Goldman Sachs in London. Most recently, she has worked with Investor AB as the company’s chief financial officer.
Stefan Persson, chair of H&M group’s nomination committee, said: “Helena has many years of broad experience in areas such as finance, tech, investments and communications and has been CFO at Investor AB since 2015.
Never Miss a Retail Update!“She also has extensive experience from board work and audit committee work. Today, Helena is a member of the boards and audit committees of SEB, Sobi and the Stockholm School of Economics.
“We can see that Helena’s knowledge will be a valuable addition to the board in its future work.”
H&M has also announced that the re-election of Stina Bergfors, Anders Dahlvig, Danica Kragic Jensfelt, Lena Patriksson Keller, Karl-Johan Persson, Christian Sievert and Christina Synnergren as board members, with Karl-Johan Persson proposed to be re-elected as chair of the board.
Person thanked Zennström for his ten years work as a board member, adding that he had generously shared his knowledge and network, especially with regard to technology and entrepreneurship.
Zennström said: “Over the past 10 years the H&M group has undergone a major digital transformation and I am confident that the company is well prepared for a digital-first future.
“Now it’s time for me to move on and devote time and effort to my own companies and foundations, but the H&M group will always have a special meaning for me and I will therefore always be helpful with advice and contacts when needed.”
