H&M Group’s nomination committee proposes new board member
H&M’s nomination committee has proposed that Klas Balkow is elected as a new member of the retailer’s board of directors at its AGM on 7 May.
The move means that in addition to Balkow, the board will comprise Anders Dahlvig, Danica Kragic Jensfelt, Lena Patriksson Keller, Karl-Johan Persson, Helena Saxon, Christian Sievert and Christina Synnergren. It is also being proposed that Karl-Johan Persson is re-elected as board chair.
Balkow is a former chief executive of Axfood, Clas Ohlson and Aximage and has also held senior positions at Procter & Gamble in the Nordic region and the USA, as well as at Bredbandsbolaget.
Stefan Persson, chair of the H&M Group’s nomination committee. said: “I am very pleased that Klas Balkow has agreed to be proposed as a new board member at the H&M Group.
Never Miss a Retail Update!“Klas has many years of broad retail experience from a number of leading roles, including recently as CEO of grocery retailer Axfood and previously as CEO of Clas Ohlson, accumulating a total of 17 years as a CEO of listed companies.
“Klas also has extensive experience of board work. We see Klas’s knowledge as being a valuable asset to the board in our future work.”
One board member, Stina Bergfors, is not standing for re-election
Persson added: “I would like to pass on my great thanks to Stina Bergfors for her dedicated, committed and valuable work as a member of the board. Stina’s nine years as a member have meant a lot to the H&M group, as she has generously shared her knowledge, especially in areas such as tech and entrepreneurship.”
