The role of the board

 

The most important tasks of the board include setting out strategic guidelines, appointing, evaluating and if necessary, removing the CEO and having ultimate responsibility for the group’s risk management and internal governance and control.

Diversity on the board

The board of Swedol should have appropriate combined competenceand experience about the business that is pursued and to be able to identify and understand the opportunities and risks that the business entails. The aim is for the board to be composed of members of various ages and different genders and with a varied education and career background that together contribute to an independent and critically questioning board. The board considers diversity to be an important issue. However, the board of Swedol does not consider diversity on the board to be a board issue but a shareholder issue. In 2018, female representation on the board increased from 29 to 33 percent.

Chair of the board responsibilities

The chair of the board leads board work and monitors business activities in consultation with the CEO. The chair represents the company on issues of particular importance. The role entails responsibility to ensure board work is well organized, efficient, that the board fulfills its obligations, and that the board receives satisfactory information and decision-making support data.

The chair is also responsible for new board members receiving the necessary induction training and that the board regularly updates and deepens its knowledge about the group.

Evaluation of the board and CEO

The board is to allocate time at board meetings for a regular evaluation of its work. Once a year, the board is to perform an exhaustive evaluation of its performance, areas of improvement, structures for its work and its composition. This is done by the board discussing a number of issues raised for this purpose concerning the work of the board. The board is also evaluated within the parameters of the work of the nomination committee. The board evaluates the work of the CEO at least once a year.

 

Swedol

Lars Lindgren

President. Boardmember since 2015

Born: 1975.
Education: LLB and MBA at University of Gothenburg
Other posts: Investor, owner of a number of industrial,
trading and service companies.
Background: Senior Investment Manager at Nordstjernan 2012–2018, CEO of Nordstjernan Industriutveckling AB 2004–2012, previously held several positions within MTG and Mannheimer Swartling Advokatbyrå.
Shareholding: No shares. Dependency relationship to larger shareholder.
Independent in relation to the company and the companys management

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Swedol

Peter Hofvenstam

Boardmember since 2015

Born: 1965.
Elected: Board member since 2015.
Education: MBA at Stockholm School of Economics Other posts: Deputy CEO of Nordstjernan since 2000. Board member of Rosti Group AB. Chair of Nordstjernan Kredit AB.
Background: Chair of Swedol AB, Ramirent Oyj, Exel Composites Oyj, Partner at E. Öhman J:or Fondkommission AB, CFO at AB Aritmos and analyst at Proventus AB.
Shareholding: No shares. Dependency relationship to larger shareholder.
Independent in relation to the company and company
management.

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Swedol

Christina Åqvist

Boardmember since 2015

Born: 1978.
Elected: Board member since 2015.
Education: LLB from Uppsala University and economics studies Other posts: Partner at Indequity with the focus on investments and operational development of traditional branches.
Background: Previous employment: CEO and Group President of of Distrelec Group AG, Head of Retail and Greenfield Expansion at B&B Tools, consultant with the Boston Consulting Group, corporate lawyer with focus on company acquisitions at Advokatfirman Vinge.
Shareholding: 6,760 B shares. Independent in relation to the company, company management and larger shareholders.

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Swedol

Leif Reinholdsson

Boardmember since 2015

Born: 1953.
Elected: Board member since 2015.
Education: Certified market economist with additional studies in company management and board work.
Other posts: Runs consulting company LeiRei Business Development AB specialist area company management and board support. Board member of Sandryds Group AB and ACG Gruppen and their subsidiary companies.
Background: Chair of the board of Canvac AB, CEO and Group President 1997–2011 of Skydda Protecting People Europe AB, a company within the Bergman & Beving Group specializing in personal protective equipment, Chair of the boards of all Skydda subsidiary companies. Previous to that executive positions within Järnia AB/Ferro AB.
Shareholding: 13,000 B shares. Independent in relation to the company, company management and larger shareholders

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Swedol

Staffan Andersson

Boardmember since 2018

Born: 1976.
Elected: Board member since 2018.
Education: Civil engineering degree from Chalmers University of Technology and MBA from Harvard Business School.
Other posts: CEO of Beijer Tech AB.
Background: Senior Vice President Bain Capital, CEO Skydda PPE AB, Vice President and COO B&B Tools Markets AB, Manager Bain & Company.
Shareholding: No shares. Independent in relation to the company

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