Joakim Weidemanis resigns from ASSA ABLOY's Board of Directors

Rhea-AI Summary

ASSA ABLOY announced that Board member Joakim Weidemanis has resigned from his position on March 17, 2025. Weidemanis, who joined the board in 2020, stepped down voluntarily due to commitments with another company.

Following his departure, the Board of Directors will continue to operate with seven members, maintaining its decision-making capability in accordance with the company's articles of association.

Positive

• Board remains decisive with seven members, ensuring operational continuity

Negative

• Loss of board member with 5 years of company experience

STOCKHOLM, March 17, 2025 /PRNewswire/ -- Joakim Weidemanis has today, at his own request, resigned from ASSA ABLOY's Board of Directors. The reason is his commitment to another company.

He was elected to the ASSA ABLOY Board in 2020. After his departure, the Board will consist of seven members and will therefore remain decisive according to the company's articles of association.

For more information, please contact:

Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82
Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72                
Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68

About ASSA ABLOY

ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 63,000 employees and sales of SEK 150 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/assa-abloy/r/joakim-weidemanis-resigns-from-assa-abloy-s-board-of-directors,c4119423

The following files are available for download:

https://mb.cision.com/Main/7333/4119423/3323016.pdf

Press release (PDF)

View original content:https://www.prnewswire.com/news-releases/joakim-weidemanis-resigns-from-assa-abloys-board-of-directors-302402868.html

SOURCE ASSA ABLOY

FAQ

Why did Joakim Weidemanis resign from ASSA ABLOY (ASAZY) board?

Joakim Weidemanis resigned due to commitments with another company on March 17, 2025.

How many board members remain at ASSA ABLOY (ASAZY) after Weidemanis's resignation?

Seven board members remain after Weidemanis's departure, maintaining the board's decision-making capability.

How long did Joakim Weidemanis serve on ASSA ABLOY's (ASAZY) board?

Weidemanis served on ASSA ABLOY's board from 2020 until his resignation in March 2025.

Will ASSA ABLOY (ASAZY) need to replace Weidemanis on the board?

No immediate replacement is required as the seven remaining board members meet the decisiveness requirements per company articles.