President and CEO Yannick Fierling proposed as new Board member of AB Electrolux

STOCKHOLM,Jan. 28,2025 -- The Nomination Committee of ABElectrolux proposes election of Yannick Fierling,the new President and CEO of AB Electrolux,as new member of the Board of Directors of AB Electrolux at its Annual General Meeting on March 26,2025. The Committee also proposes re-election of Torbjörn Lööf (Chair),Geert Follens,Petra Hedengran,Ulla Litzén,Daniel Nodhäll,Karin Overbeck,David Porter and Michael Rauterkus.

As previously communicated,Yannick Fierling has succeeded Jonas Samuelson as President and CEO of AB Electrolux on January 1,2025. As Jonas Samuelson also has resigned from the Board,Yannick Fierling is accordingly proposed as a new Board member.

The Nomination Committee's proposal means that the Board of Directors shall comprise nine ordinary members elected by the Annual General Meeting,without deputies.

The Nomination Committee's motivated statement,complete proposals,and a presentation of the proposed Board members will be published in due time before the Annual General Meeting 2025.

The Nomination Committee of AB Electrolux comprises Christian Cederholm,Investor AB (Chair),Marianne Nilsson,Swedbank Robur Funds,Anders Hansson,AMF Tjänstepension och Fonder,and Carina Silberg,Alecta. The Nomination Committee also include Torbjörn Lööf,Chair of the Board of AB Electrolux.

For more information,please contact:

Oscar Stjerngren,Investor Relations,+46 70 879 87 69

Electrolux Group Press Hotline,+46 8 657 65 07

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https://mb.cision.com/Main/1853/4096250/3226348.pdf

250128 PR Nomination committe proposal