Monday, April 27, 2015

Confirmed: nyrén poked from Industrivärden – Swedish newspaper Svenska Dagbladet

After several castling because of SCA Hank was the plan that Anders Nyren would be the President of Industrivärden at the Annual General Meeting on May 6

It is now not of.

In a press release confirming the company data DN published on Monday morning – Anders Nyren poked from the prospective chairman. Fredrik Lundberg proposed to replace.

Anders Nyren also kicked immediately from his position as CEO of Industrivärden. He leaves the company with two years’ salary as compensation. Bengt Kjell recruited as acting president, replaces. Anders Nyren also leave the boards of Handelsbanken and SCA immediately. He will also leave Sandvik Board.

“The main shareholders of Industrivärden, LE Lundbergföretagen and Handelsbanken, have announced that they do not consider it appropriate to Anders Nyren directs the work of Industrivärden and has therefore withdrawn its earlier proposals to the Committee” stands To read the press release.

In addition depart Boel Flodgren and Mr. Graham from the Company’s board with immediate effect.

The news about Anders nyrén welcome of Shareholders’ Association, who previously criticized the company culture at Industrivärden.

– We think that Industrivärden is far too important for Sweden to such a change not be made. Now we hope for a new beginning in the company. There are good prospects for Industrivärden can get back to its former position, says Shareholders’ Association president Carl Rosen.

Why do you see this as a necessary change?

– As regards Anders Nyrén is not just about SCA scandal. It is primarily about what has happened in the last year of Handelsbanken, where he was chairman, says Rosen.

He also refers to last year’s major shareholder castling Industrivärden made to avoid new rules on restrictions the number of directorships a member of a bank board may have.

– The plus SCA scandal makes Anders Nyren position has been completely unsustainable.

Criticism of Anders Nyren has been massive from elsewhere after SvD Enterprise’s revelations, including when he approved Sverker Martin-Löf’s travels.

On SCA’s meeting on April 15 there was a historic vote of no confidence against Anders Nyren for his involvement the SCA harness.

A compilation last week showed that all ten institutions voted against nyrén be re-elected as chairman of the SCA and the criticism has persisted – which resulted in the it just raised voices that questioned the appropriateness of that he come to take over the presidency of the power company Industrivärden.

On the SCA meeting claimed Anders Nyrén that there is a fine culture within the SCA and Industrivärden Sphere but that the error is “perception” of culture. Ossian Ekdahl was one of several institutions that publicly showed their discontent.

– We believe that Anders Nyren lack of judgment when he notarized, Sverker Martin-Löf’s trips to the huge amount and we believe that he has failed in judgment when He approved the company will bear the costs of travel and yachts and other things that obviously should have been charged Industrivärden, SSAB or other companies in the sphere, said Ossian Ekdahl then.

The relationship between Anders Nyrén and Handelsbanken’s Pär Boman has been questioned in recent times, since the latter chose to waive his CEO salary of 11 million dollars when he stepped up as Chairman of Handelsbanken. It was a salary that Anders Nyren defended.

SvD Business was able to uncover recently, SCA also has launched a new investigation into the group. New chairman Pär Boman is, according to sources, in search of new cases of abuse or irregularity. At most, over 500 accountants worldwide to be engaged in the audit.

Industrivärden holds meeting on May 6

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