SCA’s Annual General Meeting of SCA was held at Hotel Södra Berget, Sundsvall. 24 shareholders took part in the meeting. Many others had chosen to participate through proxy. A number of precautionary measures had been taken to avoid potential infection.
The Meeting approved the income statement and balance sheet for the Parent Company and the consolidated income statement and consolidated balance sheet for 2019.
The Annual General Meeting decided that no dividend would be paid out for the 2019 fiscal year.
The Board of Directors and the CEO were granted discharge from liability for the 2019 fiscal year.
The Annual General Meeting re-elected the board members Charlotte Bengtsson, Pär Boman, Lennart Evrell, Annemarie Gardshol, Ulf Larsson, Martin Lindqvist, Lotta Lyrå, Bert Nordberg, Anders Sundström and Barbara Milian Thoralfsson. Pär Boman was re-elected Chairman of the Board.
The registered accounting firm EY AB was appointed the company´s auditor for a mandate period until the end of the Annual General Meeting 2021.
The Annual General Meeting resolved to adopt the revised proposal from the Nomination Committee of remunerations to the board members should be unchanged in relation to 2019. The remuneration for the auditor that was proposed in the notice of the Annual General Meeting, was approved. The proposal for remuneration guidelines for the senior management was also adopted.
Minutes from the Annual General Meeting will be available on the company website, www.sca.com, within two weeks.
Due to the special arrangements of the Annual General Meeting, the speech held by President and CEO Ulf Larsson was recorded and is available on the company website, www.sca.com.
For further information, please contact:
Björn Lyngfelt, SVP Communications, tel +46 70 626 82 23
Katarina Nilsson, Legal Counsel and Board Secretary, tel +46 73 920 56 05
This is information that SCA is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication on March 31, 2020, at 2.00 pm CET.
The core of SCA’s business is the forest, Europe’s largest private forest holding. Around this unique resource, we have built a well-developed value chain based on renewable raw material from our own and others’ forests. We offer paper for packaging and print, pulp, wood products, renewable energy, services for forest owners and efficient transport solutions.
2019 the forest products company SCA had approximately 4,000 employees and sales amounted to approximately SEK 19.6 bn (EUR 1.9 bn). SCA was founded in 1929 and has its headquarters in Sundsvall, Sweden. For more information, visit www.sca.com
Svenska Cellulosa Aktiebolaget SCA
SE-851 88 Sundsvall
Tel: +46 60 19 30 00
Attached file: Press release (PDF)