Husqvarna AB's Chairman of the Board, Lars Westerberg, has announced that he declines re-election to the Board of Husqvarna AB.

Lars Westerberg has served as the Chairman of Board of Husqvarna AB from January, 2006. During his chairmanship the Company became a listed company on the Nasdaq OMX Stockholm stock exchange, in June, 2006.

The Nomination Committee has proposed Tom Johnstone as new Chairman of the Board of Husqvarna AB. Tom Johnstone has served on the Board of Husqvarna AB since January, 2006. Tom Johnstone is the President and CEO of SKF AB until December 31, 2014. He was born in 1955 and holds a Master of Arts degree, the University of Glasgow, Honorary Doctor's degree in Business Administration, the University of South Carolina, USA and Honorary Doctor's degree in Science, the Cranfield University, UK. He is also Board member of Investor AB.

The Nomination Committee will in due time before the Annual General Meeting ("AGM") prepare further proposals for the AGM in 2015, including proposals for the Chairman of the AGM, Board members, remuneration for Board members and auditor, and to the extent deemed necessary, tasks for and the composition of the Nomination Committee for the AGM in 2016. (Copyright: Husqvarna AB - 12/2014)