Marcus Alexanderson co-opted to the Board of Directors
During its meeting on May 15, 2017, Rexel’s Board of Directors, acting on the recommendation of the Nomination and Compensation Committee, unanimously decided to co-opt Marcus Alexanderson as a member of the Board of Directors with immediate effect.
Marcus Alexanderson is a partner of Cevian Capital whose total stake in Rexel (including entities managed by Cevian Capital Partners Limited) amounts to 14.83%.
He replaces Pier Luigi Sigismondi, who resigned from the Board of Directors on December 31, 2016 following his professional relocation to Singapore. The Board has determined that Marcus Alexanderson should be considered non-independent.
Rexel’s Board of Directors now counts nine members, of which 89% are independent and 44% are women, in line with the Copé-Zimmerman law:
- Ian Meakins, Chairman of the Board,
- François Henrot, Deputy Chairman of the Board, Senior Independent Director and Chairman of the Nomination and Compensation Committee,
- Marcus Alexanderson,
- Thomas Farrell,
- Fritz Froehlich, Chairman of the Audit and Risk Committee,
- Elen Phillips,
- Maria Richter,
- Agnès Touraine,
- Herna Verhagen.
Marcus Alexanderson is a partner of Cevian Capital, Europe’s largest dedicated active ownership investment firm, which he joined at its founding in 2002. He began his career as a financial analyst (2000-2001) at AB Custos, a Swedish investment firm.
Marcus Alexanderson holds a Master of Science in Economics and Business Administration from the Stockholm School of Economics. He is a Swedish citizen and is based in Stockholm.