SCA's Nomination Committee Proposes Unchanged Directors' Fees

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Mar 30, 2020, 09:21 ET

STOCKHOLM, Mach 30, 2020 /PRNewswire/ -- Due to the effects of the corona pandemic, SCA's Nomination Committe has decided to withdraw its proposal on increased Directors' fees.

SCA's Nomination Committee has decided to withdraw its proposal that the Annual General Meeting, to be held on Tuesday 31 March 2020, approve an increase of the Board of Directors' fees (item 11 on the agenda). Instead, the Nomination Committee proposes no change in the Directors' fees compared to 2019.

All other proposals from the Nomination Committee to the Annual General Meeting remain unchanged.

For further information, please contact:

Björn Lyngfelt, SVP Communications, tel. +46 70 626 82 23

Jan Svedjebrant, Secretary to the Board, tel. +46 60 19 31 23

Karl Åberg, Chairman of the Nomination Committee, tel. +46 70 605 52 62

The core of SCA's business is the forest, Europe's largest private forest holding. Around this unique resource, we have built a well-developed value chain based on renewable raw material from our own and others' forests. We offer paper for packaging and print, pulp, wood products, renewable energy, services for forest owners and efficient transport solutions. 2019 the forest products company SCA had approximately 4,000 employees and sales amounted to approximately SEK 19.6 bn (EUR 1.9 bn). SCA was founded in 1929 and has its headquarters in Sundsvall, Sweden. For more information, visit www.sca.com

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https://news.cision.com/sca/r/sca-s-nomination-committee-proposes-unchanged-directors--fees,c3076905

The following files are available for download:

https://mb.cision.com/Main/600/3076905/1220900.pdf

Press release (PDF)

SOURCE SCA