Sandvik AB's Annual General Meeting, held in Sandviken on 3 May, approved a dividend of SEK 3.00 per share for 2010. The record date for payment of the dividend was set at Friday, 6 May. The dividend is expected to be sent to shareholders by Euroclear Sweden AB on Wednesday, 11 May. In his address, Olof Faxander, President and CEO since 1 February 2011, commented on the 2010 fiscal year and the trend for the first quarter of 2011. The presentation comprised a report on the global market trend and Sandvik's potential for continued beneficial performance in the world markets. Board of Directors Johan Karlström and Olof Faxander were elected new members of the Board, and Fredrik Lundberg, Hanne de Mora, Egil Myklebust, Anders Nyrén, Simon Thompson and Lars Westerberg were re-elected as members of the Board. Anders Nyrén was re-elected Chairman of the Board. Outgoing Board member Georg Ernrooth and outgoing Board member and former President and CEO Lars Pettersson were thanked for their service. The unions appointed Tomas Kärnström and Jan Kjellgren as members of the Board and Alicia Espinosa and Bo Westin as deputy members of the Board.
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