Hans Biörck and Lars Pettersson stepping down from LKAB’s board

January 14, 2016

Board members Hans Biörck and Lars Pettersson have notified LKAB's owner, the Swedish state, via the Ministry of Enterprise and Innovation, that they will not stand for re-election to the board of LKAB at the annual general meeting on 28 April 2016.

In light of the pending urban transformation projects in Kiruna and Malmberget, membership on the boards of both LKAB and Skanska may be seen as a possible conflict of interest. For this reason, Hans Biörck has announced that he will not stand for re-election at the annual general meeting in April.
Lars Pettersson is stepping down due other growing commitments.

Hans Biörck has been a member of the board since 2012 and Lars Pettersson was elected to the board in 2013.

LKAB is an international high-tech minerals group that mines and upgrades the unique iron ore of northern Sweden for the global steel market. Sustainability is core to our business and our ambition is to be one of the industry’s most innovative, resource-efficientand responsible companies. The group had sales of more than SEK 20 billion in 2014 and employs about 4,500 people in 15 countries. Other group business include industrial minerals, drilling systems, rail transport, rockwork services and property management.