The Nomination Committee of Instalco will propose that the Annual General Meeting in 2021 elects Instalco's CEO Per Sjöstrand as new Chairman of the Board. Based on this, Per Sjöstrand has informed the Board that he wishes to resign as CEO. To ensure continuity and an orderly transition, Per will continue as CEO until the day when a new CEO assumes the role, which is expected to take place during the year. Up until the time when Per Sjöstrand assumes the role of Chairman, the Nomination Committee proposes a re-election of Olof Ehrlén as Chairman. When Per Sjöstrand begins as Chairman, Olof Ehrlén will continue as a Board member. The Board of Instalco will immediately initiate the process to recruit a new CEO.