Swedbank proposes new chairman as Sundstrom lacks shareholder support

March 30, 2016 6:24 AM

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STOCKHOLM, March 30 Swedbank's nomination committee will not propose re-election of Anders Sundstrom as chairman of the board as he lacks sufficient support among shareholders, it said on Wednesday in a changed proposal ahead of the bank's annual general meeting.

"We regret that Anders Sundstrom does not have the support that the nomination committee has aimed at, but we want to emphasize that Anders Sundstrom has been of crucial importance for Swedbank's positive development," Lennart Anderberg, nomination committee chairman, said in a statement. (Reporting...

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