Changes to the IBS Nomination CommitteePress Release 2007-01-17 Due to major changes in the ownership structure of the company in December 2006, the composition of IBS Nomination Committee has been altered. In accordance with the decision of IBS’ 2006 Annual General Meeting, a Nomination Committee has been established, comprising the Chairman of the Board and representatives of the four largest shareholders as at September 30, 2006. The decision from the Meeting stipulated that consideration shall be given to significant changes in the ownership structure taking place during the fourth quarter. As a result of the major changes in ownership in December, George Ho, Deccan Value Advisors has replaced Naveen Jeereddi, Tala Investments.
Accordingly, the Nomination Committee comprises Henrik Jonsson, Catella Investments (Chairman), Måns Larsson, Silver Point Capital, Henrik Strömbom, Case Asset Management, George Ho, Deccan Value Advisors and Lars Nyberg, Chairman of the Board of IBS AB.
For more information, please contact:
John Womack, SVP Communications and IR, IBS AB Tel: +46 (0)8 627 24 99 Mobil: +46 (0)70 678 24 99 john.womack@ibs.net
IBS AB, (XSSE: IBS B) is a world-leading provider of supply chain management solutions for distribution, demand-driven manufacturing, financials and business intelligence with group revenue of EUR 255 m. IBS’ primary focus is large and mid-sized distributors as well as sales and manufacturing companies in international groups. http://www.ibs.net
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