OREANDA-NEWS. March 30, 2009. Swedbank's nomination committee has proposed as new members of the Board; Anders Igel, Pia Rudengren, Anders Sundstrom and Karl-Henrik Sundstrom, reported the press-centre of Swedbank.

The nomination committee further suggests re-election of Carl Eric Stalberg as Chair of the Board and re-election of Ulrika Francke, Berith Hagglund-Marcus and Helle Kruse Nielsen as members of the Board.

Gail Buyske, Simon F.D Ellis, Goran Johnsson and Anders Nyblom have declined re-election.

"The nomination committee has conducted an un-conditional evaluation of the entire Board and each Director. The objective has been to incorporate new experiences whilst ensuring that continuity and knowledge of Swedbank remains represented on the Board Hans Laufeld, Chair of the nomination committee.

Our conclusion is that each Board member must be prepared to invest extensive effort in this commitment which has also been a criterion during the election process. The new Board composition represents members from the Nordic countries, which is of greater importance at the moment than a broad international recruitment.

The new Board of Directors bring with them extensive track-records from industries, geographical areas and situations which are of value to Swedbank. At the same time the nomination committee express its continued united confidence in Carl Eric Stalberg as the Chair of Swedbank. He has in-depth knowledge of Swedbank, the personal relationships which are essential on the Swedish and international financial markets, is an experienced banker with insights of earlier financial crisis and will continue offer support to Swedbank's new CEO.

The nomination committee propose that the lawyer Axel Calissendorff will Chair the Annual General Meeting 2009.

The nomination committee suggests unchanged remuneration for the Board during the next election period.

The proposal is supported by owners representing more than 45 percent of the votes and capital in Swedbank.

The annual general meeting for Swedbank AB 2009 will take place at the Royal Opera (Kungliga Operan) in Stockholm at 11am, 24 April 2009.

The nomination committee has the following members:
Erik Hagglov (replacing Lennart Ohlstenius) - representative for Sparbankerna and Sparbankernas Riksforbund.

Hans Laufeld - Chair of the election committee, representantive for Sparbanksstiftelsernas Forvaltningsaktiebolag and Sparbanksstiftelser.

Torgny Wannstrom - representantive for AFA Forsakring.

Peder Hasslev - representative for AMF Pension and AMF Pension Fondforvaltning AB.

Carl Eric Stalberg - Chair of the Board of Directors Swedbank.

Carl Eric Stalberg has not participated in the decision of electing the Chair.