The nomination committee of H & M Hennes & Mauritz AB has finalized its proposals for the annual general meeting on 7 May 2025. Klas Balkow has been nominated as a new board member, while all current members, except Stina Bergfors, have been proposed for re-election. Karl-Johan Persson is set to continue as chair.
Balkow brings extensive retail experience, having served as CEO of Axfood and Clas Ohlson, with 17 years leading listed companies. “Klas’s expertise in retail and board work will be a valuable asset,” said Stefan Persson, chair of the nomination committee.
Persson also expressed gratitude to Stina Bergfors, who is stepping down after nine years. “Stina’s contributions, especially in tech and entrepreneurship, have been significant,” he noted.
Balkow, born in 1965, has also held senior roles at Procter & Gamble and Bredbandsbolaget. He serves on the boards of Axel Johnson AB and the Swedish Armed Forces’ oversight council. His personal shareholding in H&M is 4,000 shares.
The nomination committee includes Karl-Johan Persson, Stefan Persson, Lottie Tham, Anders Oscarsson (AMF), and Joachim Spetz (Swedbank Robur), representing 87 percent of the company’s total votes. Full proposals will be detailed in the official AGM notice.
