OMX founder and Chairman of the Board Olof Stenhammar has reported that he will not stand for re-election to the OMX Board of Directors at the Annual General Meeting 2007.
Having founded OMX in 1984, served as the company’s CEO until 1996 and thereafter served as Chairman of the Board, Stenhammar has decided to not stand for re-election to the Board at the Annual General Meeting in the spring.
“OMX has been a pioneer in the major transformation that the world’s exchanges have gone through during the last decades, as regards to organization as well as modern transaction technology,” says Stenhammar. “It has been a fantastic experience to take the initiative and be a part of the journey. OMX is in many ways a part of me, but at some point one has to make the decision that it is time to go. OMX is today an international company with exceptional prospects for the future and a highly competent Board and management. It therefore feels right to take this step now. Now I will have more time to pursue many other projects that appeal to my entrepreneurial spirit. It is possible that I might even take pen in hand and write something. There is so much that has happened during all these years. It might have a broader interest.”
The OMX Annual General Meeting will take place on 12 April 2007.