LKAB's AGM attracted a large audience and summed up a good mining year. The past year was marked by several important milestones.
The annual general meeting emphasized the importance of securing LKAB's position through continued investment in R&D, innovation and flexibility. Chairman Marcus Wallenberg, LKAB President and CEO Lars-Eric Aaro, and Minister of Finance Peter Norman commented on the importance of moving ahead by maintaining focus on a sustainable and competitive LKAB.
"The vision for LKAB cannot stop with LKAB 37. The future holds new challenges," said Marcus Wallenberg.
In his presentation LKAB's President and CEO Lars-Eric Aaro noted that 2013 was a very successful year for LKAB. LKAB posted its fifth-highest profit ever. In addition, a considerable part of the LKAB 37 growth programme was realized through the opening of Gruvberget in Svappavaara.
"LKAB 37 is all about strengthening LKAB and our chief task is to increase production," said Lars-Eric Aaro.
At the annual general meeting Marcus Wallenberg announced his intention to step down as chairman. The meeting approved the proposal for board membership and Sten Jakobsson was elected as the new chairman.
"I will lead the work of the board with great respect. The company has a very competent and talented board and management. We face many challenges, not least of which is reaching the target of producing 37 million tonnes of finished products," said Sten Jakobsson.
Re-elected to the board were Hans Biörck, Maija-Liisa Friman, Lars-Åke Helgesson, Hanna Lagercrantz, Maud Olofsson and Lars Pettersson.