The Nomination Committee's revised proposal for the Board of Directors for the 2026 AGM
The Nomination Committee of NOTE AB (publ) has decided to propose the following revised proposal to the AGM 2026 regarding the number of Board members and election of the Board of Directors. The revision is prompted by NOTE's acquisition of STI Enterprise Holding Limited, as previously communicated, through which NOTE has become a larger supplier in the defence segment. Against this background, the Nomination Committee wishes to strengthen the Board's competence and experience in Security ...
Determination of the number of Board members elected at the Annual General Meeting
The Nomination Committee proposes that the Board of Directors shall consist of five (5) ordinary members without deputies. Employee representatives are not included in this number.
Election of the Board of Directors and Chairman
The Nomination Committee proposes re-election of all current Board members: Anna Belfrage, Johan Hagberg, Charlotte Stjerngren and Egil Dahl. The Nomination Committee further proposes that Jan Engelberg and Sir Michael Wigston be elected as new Board members. Anna Belfrage is proposed for re-election as Chairman of the Board.
Short presentation by Mr Jan Engelberg:
Born: 1960
Education: Master of Business Administration and Authorised Public Accountant.
Main occupation: Senior Business Development at Å Energi
Other directorships: Chairman of the Board of Nettpartner AS, Nettpartner Bane AS and Fredrikstad Energi AS. Board member of Ivre AS.
Professional experience: Extensive experience from senior positions in the EMS and energy sectors, among others. Previous positions include senior roles in the Kitron ASA group, CFO of the wind power company SAE Vind DA and CEO/CFO of Otera AS. Has also worked as an auditor.
Holdings in NOTE: 0 shares.
Independence from the company and its management: Yes.
Independent in relation to the company's major shareholders:
Brief presentation of Sir Michael Wigston:
Born: 1968
Education: BA (Honours) in Engineering Science, Oriel College, Oxford (1989), MA in Defence Studies, King's College London (2004) and several courses in military management and staff work.
Principal occupation: Private capital advisor in the aerospace, defence and security sectors. In addition, Sir Michael is a senior advisor to the Boston Consulting Group and a senior advisor to Alloyed.
Other directorships: Non-Executive Director of STI Ltd, a UK-based EMS and engineering company, and Director of MyDefence, a Bridgepoint portfolio company.
Professional Experience: Long and wide experience in senior positions in the UK Armed Forces and the defence/aerospace sector. Served in the Royal Air Force 1986-2023 and ended his military career as Chief of the Air Staff (Ministry of Defence) with significant personnel and budgetary responsibilities. Sir Michael has worked at the highest levels of the UK Government and with international partners in Europe, the Middle East, Japan, Australia and the USA.
Holdings in NOTE: 0 shares.
Independence from the company and its management: Yes.
Independent in relation to the company's major shareholders:
For a presentation of the members proposed for re-election, please refer to the Company's website www.note-ems.com.
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April 2026
The Nomination Committee of NOTE AB (publ)