Martin Overview of Atlas Copco AB’s 2026 Board Nomination Proposal
Atlas Copco AB has formally announced the proposals put forward by its Nomination Committee in advance of the company’s Annual General Meeting 2026, outlining significant recommendations concerning the composition and leadership of its Board of Directors, including the nomination of a new board member and the re-election of existing directors, reflecting the company’s continued focus on industrial excellence, technological leadership, governance stability, and long-term shareholder value creation in a rapidly evolving global industrial landscape.
Proposal to Elect Martin Lundstedt as New Board Member
The Nomination Committee has proposed the election of Martin Lundstedt as a new member of the Board of Directors, recognizing his extensive experience in leading global industrial enterprises and his strong track record in strategic execution, operational excellence, digital transformation, and sustainability leadership within complex multinational organizations, positioning him as a valuable addition to the governance structure of Atlas Copco AB as it continues to strengthen its competitive edge across compressed air technology, vacuum solutions, industrial power tools, assembly systems, and sustainable industrial solutions.
Leadership Experience at Volvo Group
Martin Lundstedt currently serves as President and Chief Executive Officer of Volvo Group, one of the world’s leading manufacturers of trucks, buses, construction equipment, and marine and industrial engines, where he has overseen large-scale global operations, complex supply chains, technological transformation initiatives, electrification strategies, digital service development, and the integration of sustainability principles into business operations, demonstrating an ability to lead organizations through periods of economic volatility, regulatory shifts, and rapid technological change while maintaining operational resilience and financial discipline.
Earlier Executive Roles at Scania
Prior to his current role, Martin Lundstedt held multiple senior executive positions at Scania AB, where he developed deep expertise in industrial manufacturing, product innovation, modular production systems, global distribution networks, and customer-centric business models, contributing to the company’s reputation for efficiency, quality, and technological leadership in commercial vehicles, further strengthening his credentials as a seasoned industrial executive with international perspective and operational insight relevant to Atlas Copco AB’s diverse global footprint.
Strategic Value of the Proposed Election
The Nomination Committee’s proposal to elect Martin Lundstedt reflects a strategic intent to reinforce the Board with a leader who possesses broad experience in driving innovation, sustainability transformation, digitalization, electrification, and advanced manufacturing excellence, aligning with Atlas Copco AB’s long-term ambitions to deliver sustainable productivity solutions while navigating the global transition toward low-carbon technologies, automation, energy efficiency, and intelligent industrial systems that require forward-looking governance and industry expertise at the board level.
Proposed Composition of the Board of Directors
The Nomination Committee has proposed that the Board of Directors of Atlas Copco AB, for the period extending until the conclusion of the next Annual General Meeting, shall consist of ten members, ensuring a balanced composition that integrates continuity and renewal while preserving a strong mix of industrial knowledge, financial expertise, international experience, and governance capability, enabling the Board to effectively oversee corporate strategy, risk management, capital allocation, innovation initiatives, sustainability integration, and stakeholder engagement across global markets.
Proposed Re-Election of Current Board Members
In addition to the proposed election of Martin Lundstedt, the Nomination Committee has recommended the re-election of the following current Board members, underscoring the value of continuity and accumulated institutional knowledge within the governance framework of Atlas Copco AB: Hans Stråberg, Jumana Al-Sibai, Johan Forssell, Heléne Mellquist, Anna Ohlsson-Leijon, Vagner Rego, Gordon Riske, Karin Rådström, and Peter Wallenberg Jr, each of whom brings complementary expertise in areas such as global industrial operations, financial governance, technology innovation, corporate transformation, international markets, and long-term ownership stewardship.
Continuity in Board Leadership
The Nomination Committee has further proposed the re-election of Hans Stråberg as Chair of the Board of Directors, emphasizing stability and continuity in leadership at a time when Atlas Copco AB continues to execute its strategic priorities across global markets, invest in research and development, strengthen sustainability performance, pursue disciplined acquisitions, and expand its technological capabilities in energy-efficient equipment and industrial productivity solutions.
Role and Structure of the Nomination Committee
The Nomination Committee ahead of the Annual General Meeting 2026 comprises representatives of major shareholders alongside the Chair of the Board, reflecting Sweden’s governance model that emphasizes shareholder representation and transparency in board nominations, thereby ensuring that proposals are aligned with the long-term interests of the company and its investors while maintaining high standards of corporate governance and independence.
Members of the Nomination Committee
The Nomination Committee consists of Hans Stråberg in his capacity as Chair of the Board, Petra Hedengran representing Investor AB, Joachim Spetz representing Swedbank Robur Fonder, Helen Fasth Gillstedt representing Handelsbanken Fonder AB, and Filippa Gerstädt representing Nordea Funds AB, collectively bringing expertise in institutional investment, corporate governance, capital markets, and long-term value creation to the nomination process.
Governance Principles and Shareholder Alignment
The proposals presented by the Nomination Committee demonstrate a structured and transparent governance process designed to balance renewal with continuity, industrial competence with financial acumen, and international leadership experience with local governance standards, ensuring that Atlas Copco AB remains well positioned to navigate macroeconomic uncertainty, supply chain challenges, geopolitical developments, regulatory requirements, and evolving customer demands while continuing to prioritize sustainable growth and operational excellence.
Strategic Context Ahead of the Annual General Meeting 2026
As Atlas Copco AB prepares for its Annual General Meeting 2026, the proposed Board composition reflects the company’s commitment to strengthening oversight capabilities in areas such as digital transformation, advanced automation, electrification, climate transition strategies, resource efficiency, and innovation management, while maintaining a stable governance framework capable of supporting long-term capital allocation decisions, acquisitions, product development investments, and global expansion initiatives across diverse industrial segments.
Focus on Innovation and Sustainability
The inclusion of leaders with demonstrated experience in sustainability, technological advancement, and global industrial management signals Atlas Copco AB’s intent to continue integrating environmental, social, and governance considerations into core business strategies, reinforcing its position as a provider of energy-efficient and productivity-enhancing solutions for industries including manufacturing, infrastructure, mining, electronics, automotive, and life sciences, where customers increasingly demand performance improvements alongside environmental responsibility and carbon footprint reduction.
Long-Term Value Creation and Board Effectiveness
By proposing a ten-member Board combining seasoned incumbents and a high-profile new nominee, the Nomination Committee aims to ensure effective oversight, diverse perspectives, and collective expertise capable of guiding Atlas Copco AB through strategic cycles, innovation waves, and industrial transitions, thereby safeguarding shareholder interests while maintaining agility in responding to global market developments and technological disruption.
Next Steps Toward the Annual General Meeting
The complete proposals of the Nomination Committee, including detailed information regarding remuneration, governance principles, and additional agenda items, will be presented in connection with the formal notice of the Annual General Meeting 2026, at which shareholders will have the opportunity to review, discuss, and vote on the recommended Board composition and related governance matters in accordance with Swedish corporate governance standards and the company’s bylaws.
The Nomination Committee’s proposal ahead of the Annual General Meeting 2026 represents a carefully considered approach to board renewal and continuity at Atlas Copco AB, highlighting the proposed addition of Martin Lundstedt, the re-election of experienced directors, and the continued leadership of Hans Stråberg as Chair, collectively reinforcing the company’s governance foundation as it advances its strategy of delivering sustainable productivity solutions, fostering innovation, strengthening operational excellence, and generating long-term value for shareholders in a dynamic global industrial environment.
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