The Nomination Committee of Instalco will propose that the Annual General Meeting in 2021 elects Instalco’s CEO Per Sjöstrand as new Chairman of the Board. Based on this, Per Sjöstrand has informed the Board that he wishes to resign as CEO. To ensure continuity and an orderly transition, Per will continue as CEO until the day when a new CEO assumes the role, which is expected to take place during the year. Up until the time when Per Sjöstrand assumes the role of Chairman, the Nomination Committee proposes a re-election of Olof Ehrlén as Chairman. When Per Sjöstrand begins as Chairman, Olof Ehrlén will continue as a Board member. The Board of Instalco will immediately initiate the process to recruit a new CEO. The Nomination Committee will propose that the Board up until the end of the AGM in 2022 shall consist of 7 members without deputy members and that the following individuals shall be elected as members of the Board: Olof Ehrlén (initially as Chairman), Johnny Alvarsson, Carina Qvarngård, Carina Edblad, Per Leopoldson, Camilla Öberg and Per Sjöstrand (initially as member). Hence, the proposal of the Nomination Committee means that all current Board members shall be re-elected and that Per Sjöstrand is to be a new member of the Board. Per Sjöstrand founded Instalco in 2014 and has been the company’s CEO since then. He is also Chairman of the Board of Fasadgruppen Group AB (publ) and Green Landscaping Group AB (publ). Per has almost 40 years’ experience from various leading positions in the construction industry. He has an MSc in Engineering from Chalmers University of Technology in Gothenburg.
Instalco Intressenter AB is a Sweden-based installation and service supplier within areas of heating and plumbing, electrical, ventilation, cooling and industrial solutions. The Company offers installation and regular repairs of district heating, plumbing replacement, new construction and preventive maintenance; design, installation, and maintenance of electrical installation; technical solutions and installation of ventilation solutions for air treatment, air conditioning and indoor climate; design, installation and maintenance of water sprinklers; industrial pipe systems, machinery installation and installations of cooling systems, as well as installation of switchgear, transformers, busbars and power stations, among others. The services are designed mainly for commercial premises, housing, public construction, warehousing, offices and retail trade, as well as process industries. The Company operates in Sweden, Norway and Finland through numerous subsidiaries.