Changes to the Board of AB Electrolux

STOCKHOLM–(BUSINESS WIRE)–Regulatory News:

Electrolux (STO:ELUXA) (STO:ELUXB):

In preparation for the Electrolux Annual General Meeting on April 6, the
Electrolux Nomination Committee proposes the election of Ulla Litzén,
David Porter and Jonas Samuelson as new Board Members. The committee
also proposes re-election of Ronnie Leten (Chairman), Petra Hedengran,
Hasse Johansson, Bert Nordberg, Fredrik Persson and Ulrika Saxon.

Lorna Davis and Torben Ballegaard Sørensen have declined re-election.
Keith McLoughlin resigned from the company and the Board on January 31,
2016.

Ulla Litzén is a Board Member in Alfa Laval AB, Atlas Copco AB, Boliden
AB, Husqvarna AB and NCC AB. She has previously been President of W
Capital Management AB and held various senior management positions
within Investor AB. She holds a Bachelor of Science in Economics and
Business Administration from Stockholm School of Economics and an M.B.A.
from Massachusetts Institute of Technology, USA. Ulla Litzén, born 1956,
is a Swedish citizen.

David Porter is Corporate Vice President for Retail and Online Stores at
Microsoft Corp. He was previously Head of Worldwide Product Distribution
at DreamWorks Animation SKG and held various positions during his 25
years within Wal-Mart Stores, Inc. He holds a Bachelor’s degree in
Finance from East Central University, USA. David Porter, born 1965, is a
U.S. citizen.

Jonas Samuelson succeeded Keith McLoughlin as President and CEO of AB
Electrolux on February 1, 2016. Prior to his present appointment he was
head of Electrolux business area Major Appliances Europe, Middle East
and Africa. Jonas Samuelson joined Electrolux in 2008 as Group Chief
Financial Officer. He holds a Master of Science in Economics and
Business Administration from the School of Business, Economics and Law
at the University of Gothenburg. Jonas Samuelson, born 1968, is a
Swedish citizen.

The Electrolux Nomination Committee comprises: Johan Forssell
(Chairman), Investor AB; Mathias Leijon, Nordea Investment Funds; Kaj
Thorén, Alecta; and Marianne Nilsson, Swedbank Robur funds. The
committee also includes Ronnie Leten and Torben Ballegaard Sørensen,
Chairman and Member, respectively, of the Electrolux Board.

Electrolux is a global leader in home appliances and appliances for
professional use, based on deep consumer insight. We offer thoughtfully
designed, innovative and sustainable solutions, developed in close
collaboration with professional users. The products include
refrigerators, ovens, cookers, hobs, dishwashers, washing machines,
vacuum cleaners, air conditioners and small domestic appliances. Under
esteemed brands including Electrolux, AEG, Zanussi, Frigidaire and
Electrolux Grand Cuisine, the Group sells more than 60 million products
to customers in more than 150 markets every year. In 2015 Electrolux had
sales of SEK 124 billion and 58,000 employees. For more information go
to www.electroluxgroup.com

Electrolux discloses the information provided herein pursuant to the
Securities Market Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 08.00 CET on February 15,
2016.

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Contacts

Electrolux
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