Bulletin from Scania AB’s Annual General Meeting and statutory meeting of
the Board of Directors on 3 May 2013
SÖDERTÄLJE, Sweden -- May 3, 2013
The Annual General Meeting (AGM) approved a dividend of SEK 4.75 per share and
set Wednesday, 8 May 2013 as the record date. The dividend is expected to be
sent on Tuesday, 14 May 2013.
The Board of Directors and the committees
The AGM discharged the members of the Board of Directors and the President and
CEO from liability for the financial year 2012.
The AGM decided that the Board of Directors shall consist of ten members
without deputies. Board members Peter Abele, Helmut Aurenz, Ferdinand K.
Piëch, Hans Dieter Pötsch, Francisco Javier Garcia Sanz, Åsa Thunman, Peter
Wallenberg Jr, Martin Winterkorn and Leif Östling were re-elected. Martin
Lundstedt was elected as a new Board member. He is replacing Jochem Heizmann
who declined re-election.
The AGM re-elected Martin Winterkorn as Chairman of the Board and Leif Östling
as the Vice Chairman of the Board.
At the statutory meeting of the Board in connection to the AGM, members of the
Board’s two committees were also appointed. To the Audit Committee, Peter
Abele was re-elected as Chairman, and Hans Dieter Pötsch and Åsa Thunman were
re-elected as the other members. To the Remuneration Committee, Martin
Winterkorn was re-elected as Chairman and Peter Abele and Francisco J. Garcia
Sanz were re-elected as the other members.
Compensation and remuneration
The AGM approved the Board’s proposals on principles for remuneration and
other employment conditions for Scania Group executive officers as well as on
terms and principles for a two-part incentive programme for 2013 covering a
maximum of 150 executive officers of the company.
The AGM approved remuneration to the Board of Directors for 2013 totalling SEK
2,000,000, with SEK 500,000 to be paid to each of the Board members who are
not employees of Volkswagen AG or Scania.
No remuneration will be payable to Board members employed by Volkswagen AG.
According to the internal rules of Volkswagen AG, employees shall not receive
remuneration for serving on the Boards of Directors of subsidiaries.
For the work performed in the Audit Committee, the AGM approved remuneration
of SEK 200,000 to the Chairman of the committee − provided the Chairman is not
an employee of Volkswagen AB or Scania − and SEK 100,000 to each of the other
members of the committee who are not employees of Volkswagen AG or Scania. For
the work performed in the Remuneration Committee, the AGM approved
remuneration of SEK 50,000 to each of the committee’s members who are not
employees of Volkswagen AG or Scania.
The AGM approved the resolution that the company shall no longer have a
Nomination Committee as from the end of the 2013 AGM.
Södertälje, 3 May 2013
Scania is one of the world’s leading manufacturers of trucks and buses for
heavy transport applications, and of industrial and marine engines.
Service-related products account for a growing proportion of the company’s
operations, assuring Scania customers of cost-effective transport solutions
and maximum uptime Scania also offers financial services. Employing some
38,600 people, the company operates in about 100 countries. Research and
development activities are concentrated in Sweden, while production takes
place in Europe and South America, with facilities for global interchange of
both components and complete vehicles. In 2012, net sales totalled SEK 79.6
billion and net income amounted to SEK 6.6 billion. Scania press releases are
available on www.scania.com
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