Marel

Results of the AGM 17 March 2021 - Seite 2

While ensuring the safety and well-being of our employees and our customers, we have met every obstacle with optimism to secure daily access for consumers around the world to quality food that is safe, affordable and produced in a sustainable way. Marel’s digital platform and global reach with a local presence, with sales and service engineers servicing customers in over 140 countries, have proven to be key differentiating factors in supporting our customers.

Automation and digital solutions in the food value chain are a driving force to further transform the industry, with COVID-19 further accelerating the strong underlying secular trends. Marel’s competitive position remains strong with the pipeline trending upwards, particularly in automated and agile solutions in secondary processing, where our customers are focusing on the consumer-ready retail segment and prepared foods. However, we are conscious of the fact that the timing for converting pipeline to committed orders remains uncertain.”

Elections to the Board of Directors

The following candidates were elected to serve on the Board of Directors until the Company’s next Annual General Meeting:

• Ann Elisabeth Savage
• Arnar Thor Masson
• Astvaldur Johannsson
• Lillie Li Valeur
• Dr Olafur Gudmundsson
• Dr Svafa Gronfeldt
• Ton van der Laan

After serving on the Board of Directors for 11 years, thereof 7.5 as Chairman, Asthildur Margret Otharsdottir did not declare candidature. The Board would like to extend its gratitude for her undisputed loyalty and valuable contribution throughout the years.

Dr. Svafa Gronfeldt is a new director elected to the Board. Born in 1965, Dr. Gronfeldt is a Professor of Practice at the Massachusetts Institute of Technology. She is a founding member of MIT’s newest innovation accelerator DesignX focused on the design and development of technology- and servicebased ventures created at MIT. Gronfeldt is the co-founder of The MET fund, a Cambridge based seed investment fund. She is a member of the Board of Directors and Audit Committee of Össur, a global leader in orthopaedic solutions since 2008, and the Board of Directors and Audit Committee of Icelandair. She was on the Board of Directors of Origo, a Nordic IT service company 2019-2021. Previous positions include executive leadership positions at two global life science companies where she served as Chief Organizational and Development Officer of Alvogen and Deputy to the CEO of Actavis Group. For more than twenty years, her executive career has been focused on organizational design for high growth companies, strategy implementation, service process design, and performance tracking as well as the integration of acquired companies and new business units. She is a former President of Reykjavik University.