Kongsberg Automotive Faces Boardroom Shake-up

Kongsberg Automotive Holding ASA (KGAUF) has released an update.

A group of shareholders holding 17.2% of Kongsberg Automotive ASA’s voting power has called for an Extraordinary General Meeting to propose changes in the company’s Board of Directors and Nomination Committee. The shareholders have put forward Olav Volldal and Bård Klungseth as candidates for the board, intending to replace current members, while also suggesting new candidates for the Nomination Committee. This move indicates a strategic shift sought by significant investors in the company.

For further insights into KGAUF stock, check out TipRanks’ Stock Analysis page.