Replies to post #5575 on Arcam AB fka AMAVF

[charlie T colton]

The shareholder GE Sweden Holdings AB therefore propose that the Board of Directors for the period until the next AGM shall be composed of Göran Malm (Chairman), Lars Bergström, Carlos Härtel, Riccardo Procacci and Vandana Sriram.

How do the 23% of non-GE Sweden shareholders feel about the proposed board?

Göran Sture Malm
Mr. Göran Sture Malm serves as a Senior Advisor of Ajia Partners Asset Management (HK) Limited. Mr. Malm has been a Senior Advisor of Fingerprint Cards AB (publ) since May 16, 2012. He serves as Senior Advisor at AP Asset Management (UK) Limited. He is a Partner in Private Equity Group and Senior Advisor at Orion Partners’ industrial private equity practice.
...served as the Senior Vice President of General Electric Company (GE) and President of General Electric Asia-Pacific from 1997 to 1999 responsible for all of GE's business in the Asia Pacific region; since 1992, he served as the President and Chief Executive Officer of GE Medical System Asia and since 1971,

Lars Bergström
Mr. Lars Bergström has been the Group President and Chief Executive Officer of Seco Tools AB since January 1, 2011.
He has been a Director of Arcam AB since 2006.

Carlos Härtel, Dr.-Ing.
Chief Technology and Innovation Officer Europe
GE Global Research Center–Europe
Carlos was appointed Chief Technology and Innovation Officer for Europe in July 2016.
He is responsible for driving new product and technology development,and partners closely with GE businesses to develop innovative offerings supporting, developing and executing on industrial and digital market strategies across Europe.
Carlos took the helm at GE Global Research Center–Europe in 2007 after managing the center’s laboratory for alternative energies. Since joining GE in 2003, he has developed strong partnerships between the center and a number of universities and companies. Earlier in his career, he held positions as scientist and manager in gas turbine development at Alstom (Schweiz) AG and as a researcher and university lecturer at ETH Zurich.
Carlos holds degrees in mechanical engineering from RWTH Aachen and the Technical University of Munich and a doctorate from the Deutsches Zentrum für Luft- und Raumfahrt (German Aerospace Center), Göttingen. He holds several patents and has authored more than 50 papers. Keep up with him on Twitter: @CarlosHaertel.

Riccardo Procacci
CEO, Avio Aero
Riccardo joined GE in 1996 covering different technical and commercial roles before being assigned to Asia in 2000 as GE Oil & Gas region sales manager based in Kuala Lumpur. During his tenure, landmark projects were secured in the region in strategic segments like LNG and Pipeline. At the end of 2003, he moved back to the GE Oil & Gas headquarters in Florence, Italy, leading the Contractual Service Agreements business unit, part of the business' Global Services division.
In 2006, he relocated with his family to New Delhi, India, in the role of GE Country Leader, with the mandate to establish the Company's operations in India, while identifying and launching key localization initiatives and partnerships. In 2009, he was nominated to the role of Turbomachinery Applied Technology leader based in Florence, Italy, where he was responsible for the product leadership of the entire Turbomachinery portfolio, which spans from compressors to gas and steam turbines, turboexpanders, pumps, valves and control systems. In this capacity, Riccardo has spearheaded the development, testing and feasibility of new technologies such as the LM6000 for mechanical drive, the first floating LNG applications, and increasing the competitiveness of GE's steam turbines through the development of new high speed/high efficiency blades.
In 2013, Riccardo joined GE Aviation Systems as AVIO integration leader, based in Turin, Italy. In this role, Riccardo led the team that planned the smooth transition of AVIO into GE. He was promoted to CEO of Avio Aero in mid-2013.
Riccardo holds a master's degree in mechanical engineering and a Ph.D. in turbomachinery from the University of Rome "La Sapienza".

Vandana Sriram
Global Business Controller at GE Aviation
There might have been a connection with GE Aviation Materials, Inc. Information is scarce about this candidate.

[pdb2]

Thanks for the agenda Mr. twenton. Informative. Its just a housekeeping meeting, allowing GE to take control of the board as I opined. Was amused when some posters thought they might have a say in the new board selection and company operations with GE owning 75%+. Lets see how much input the 15% have in this meeting and selection. Don't see Elliot having much input. Amused by all that regulatory language posted by some, purporting to show how much influence they might have. All that goes to process protections, not operation protections and GE will control operations even without the 90% so many said GE would need. As useful as those reams of language purporting to show that GE would need to disclose on an ongoing basis how many shares they had acquired. Most of this ge could have accomplished with just 51% which I thought GE would also go for if they did not get the 75% minimum. They easily accepted 73%, below the minimum as I thought they would.

Bottom line, not much of a chance for Little guy questioning or input so would not attend. Perhaps the questions I raised and others can be asked at the general annual meeting which I think is in March?? But again thanks a lot for the info, looks like GE is moving quickly to obtain operational control, the 15% not withstanding. Now lets see if the stock can trade well which it isn't lately.

[charlie T colton]

Clarification on EXTRAORDINARY GENERAL MEETING

NOTICE OF EXTRAORDINARY GENERAL MEETING IN Arcam AB

Shareholders of Arcam AB (publ), reg. No. 556539-5356, are hereby invited to the Extraordinary General Meeting 7 February 2017 kl. 16.00 Krokslätts Factories, local "Smithy", Krokslätts Factories 41 in Mölndal.
____________________________________________________________________________

Issue 9 - Election of Directors

The shareholder GE Sweden Holdings AB proposes that Jan Olof Bruer, Henrik Hedlund, Anna Malm Bernsten, Malin Ruijsenaars and Joakim Westh dismissed as board members and that Carlos Härtel, Riccardo Procacci and Vandana Sriram elected as new Board members for the period until the next AGM.

The shareholder GE Sweden Holdings AB therefore propose that the Board of Directors for the period until the next AGM shall be composed of Göran Malm (Chairman), Lars Bergström, Carlos Härtel, Riccardo Procacci and Vandana Sriram.

Arcam Financial Calendar 2017

Financial Calendar 2017
Q reports:
All reports will be published at 08:30 (CET).
Report for 4th quarter – February 8
Annual General Meeting – March 28 at 5 pm.
Address: Krokslätts Fabriker 41 (venue: Smedjan)
Report for 1st quarter – April 21
Report for 2nd quarter – July 21
Report for 3d quarter – October 20




The Extradorniary General Meeting is on Februrary 7th. The next General Meeting is on March 28th. My initial thought was that GE Sweden Holdings AB was proposing "that Jan Olof Bruer, Henrik Hedlund, Anna Malm Bernsten, Malin Ruijsenaars and Joakim Westh dismissed as board members and that Carlos Härtel, Riccardo Procacci and Vandana Sriram elected as new Board members" for a full year term. This may very well be the ultimate goal but the wording says "for the period until the next AGM." The next Annual General Meeting being on March 28th, 2017. Fully expect the recommendations for the one year terms at that time.


Also, I found a little (very little) about Vandana Sriram. It's just something to put a face and voice to the name.

A very short video: https://vimeo.com/188006841

The next video in the series was from Mohammad Ehteshami, Vice President, Additive Integration, GE Aviation: https://vimeo.com/188006840

The videos didn't elaborate on what APAF is.
Asian Pacific American Forum
APAF is one of GE’s many diversity groups, along with the African American Forum, Hispanic Forum, Women's Network, Veteran's Network and the GLBTA Alliance. APAF is committed to the retention and growth of our members, developing world-class leaders, helping our communities, and helping GE grow in Asia. APAF has 16 hubs and 28 chapters nationally, serving the more than 9,000 Asian Pacific American (APA) employees at GE across the U.S. and Canada. Led by three national leaders and sponsored by two senior vice presidents on Jeffrey Immelt's CEC, APAF focuses on advancing the goals set forth in its mission statement. APAF has initiatives focused on leadership development, Asia careers, Asian women, education, healthcare in Cambodia, healthcare in the United States, government relations, HealthAhead, and external connections. The 2011 national meeting was attended by more than 700 high-performing APA employees, GE leaders and distinguished external guests.