Melker Schörling joined Securitas’ Board of Directors when he was appointed as the company’s new CEO back in 1987. At the time, the business operated exclusively in Sweden and had some 5,000 employees. Today, the Securitas Group is active in 53 countries and boasts upwards of 320,000 members of staff.
“I’ve been part of an incredible journey with this outstanding company, and I now look forward to continuing that journey in a somewhat different role,” explained Schörling, who will turn 70 next year.
“Serving on the Board of Directors for a listed company is becoming an increasingly time-consuming endeavour. I’m presently the chairman of five major listed companies, so it’s now time for me to cut back a little. As one of the principal owners, I look forward to continuing to serve as a sounding board for the directors and for the president and CEO when it comes to the company’s key business issues.”
Schörling concluded: “I’m also delighted that Marie Ehrling, who brings with her extensive expertise, has agreed to lead the work of the Board as the new chairman of Securitas AB.”
Major transformation in the sector
Proposed chairman of the Board Marie Ehrling responded: “The security industry is currently undergoing a major transformation, both here in Sweden and internationally. Securitas is successfully leading new developments, with the business offering a combination of traditional security guarding and advanced technology which is creating new benefits for our customers. I look forward to leading the work of the Board of Directors as the company continues to advance the strategy that has been established in recent years.”
At the same time, it has also been announced that Fredrik Palmstierna and Annika Falkengren have decided to step down from the Board of Securitas after 31 and 13 years of service respectively.
The Nomination Committee proposes that Anders Böös be elected to the Board of Directors and also intends to propose a female Board member prior to the Annual General Meeting (which is scheduled for Wednesday 4 May).
Securitas issues six-year Eurobond
Securitas AB has issued a six-year MEUR 350 bond in the Eurobond market. The coupon rate was set at 1.25%, while the maturity date is 15 March 2022.
Proceeds from the loan will be used to refinance existing credit facilities which were drawn in order to fund the acquisition of the commercial contracts and operational assets of Diebold’s electronic security business in North America, as well as for general corporate purposes.
The joint lead managers were Citi, ING, KBC and SEB.