Northland Resources S.A. announced the nominated Directors to the Board. The proposed Directors have been nominated by the consortium, consisting of Folksam, Metso Corporation, Norrskenet AB and Peab AB, and other investors investing in the new first lien bond and by the holders of the existing USD 370 million Bond. The Consortium Tranche A and Peab/Metso proposes: Olav Fjell: Mr. Fjell has a strong background from various relevant positions such as CEO of Statoil ASA, Chairman of the Board of the Norwegian State Railways (NSB) and most recently as CEO of Hurtigruten ASA. Elisabeth Nilsson: Ms. Nilsson is Governor in Östergötland County, appointed by the Government of Sweden. She was previously President of Jernkontoret.
Olli Vaartimo: Mr. Vaartimo is on the Board of Directors of Outokumpu, where he is also Chairman of the Audit Committee, and he has previous experience as CFO of Metso Corporation in the period 2003 to 2011. Lars Stefan Månsson: Mr. Månsson has extensive experience from mining and processing and he has held a range of executive and operational positions with companies such as Lundin Mining, Zinkgruvan Mining and Statsgruvor AB.