Nominating Committee
As a drafting body the Nominating Committee is responsible for drawing up recommendations for, among other things, election of the members of the Board of Directors and the Chairman of the Board, and – based on a recommendation by the Audit Committee – the auditor as well as directors’ and the auditor’s fees, for decision by the Annual General Meeting.
Nominating Committee instruction
In accordance with the resolution for the Nominating Committee made by the 2011 AGM, which applies until further notice, the Chairman of the Board is assigned the task of contacting four shareholders from among the largest registered shareholders in terms of votes in Euroclear Sweden AB’s printout of the shareholder register as per the last business day in August, who each appoint one representative who is not a director on the Company’s board, to form together with the Chairman of the Board a Nominating Committee for the time until a new Nominating Committee has been appointed. The Nominating Committee appoints a committee chair from among its members. The composition of the Nominating Committee shall be made public not later than six months before the next AGM. No fee is payable for work on the Nominating Committee. If a member leaves the Nominating Committee before its work has been completed, and if the Nominating Committee is of the opinion that there is a need to replace the departing member, the Nominating Committee shall appoint a new member. Any changes in the Nominating Committee’s composition shall be made public immediately.
Assembly
Ahead of the 2025 AGM, the Nominating Committee consists of the following: Bo Selling (L E Lundbergföretagen), Håkan Sandberg (Jan Wallanders and Tom Hedelius Foundation and others), Jan Svedjebrant (SCA Pension Foundations and others), Mikael Schmidt (Essity Pension Foundations and others) and Fredrik Lundberg (Chairman of the Board of Industrivärden). The Nominating Committe has appointed Bo Selling as its Chairman.
Industrivärden’s AGM was held on April 10, 2025, in Stockholm.
Nominating Committee's proposals, report and statement
Proposal for Board of Directors 2025
Ahead of the 2025 AGM, the Nominating Committee proposes election of the following persons. In addition, Fredrik Lundberg is proposed for re-election of Fredrik Lundberg as Chairman of the Board.
Pär Boman (re-election)
Christian Caspar (re-election)
Marika Fredriksson (re-election)
Bengt Kjell (re-election)
Fredrik Lundberg (re-election)
Katarina Martinson (re-election)
Fredrik Persson (re-election)
Lars Pettersson (re-election)
Helena Stjernholm (re-election)
Assembly
Ahead of the 2024 AGM, the Nominating Committee consists of the following: Bo Selling (L E Lundbergföretagen), Håkan Sandberg (Jan Wallanders and Tom Hedelius Foundation and others), Jan Svedjebrant (SCA Pension Foundations and others), Mikael Schmidt (Essity Pension Foundations and others) and Fredrik Lundberg (Chairman of the Board of Industrivärden). The Nominating Committee has appointed Bo Selling as its Chairman.
Industrivärden’s Annual General Meeting was held on April 11, 2024, in Stockholm.
Nominating Committee's proposals, report and statement
Proposal for Board of Directors 2024
Ahead of the 2024 AGM, the Nominating Committee proposes that the number of Directors is changed from eight to nine Directors and no Deputy Directors. Furthermore, the Nominating Committee proposes re-election of the following persons. The Nominating Committee proposes re-election of Fredrik Lundberg as Chairman of the Board.
Pär Boman (re-election)
Christian Caspar (re-election)
Marika Fredriksson (re-election)
Bengt Kjell (re-election)
Fredrik Lundberg (re-election)
Katarina Martinson (re-election)
Fredrik Persson (new election)
Lars Pettersson (re-election)
Helena Stjernholm (re-election)
Assembly
Ahead of the 2023 AGM, the following nominating committee has been appointed: Mats Guldbrand, L E Lundbergföretagen, Bo Damberg, Jan Wallanders and Tom Hedelius Foundation and others, Jan Svedjebrant, SCA Pension Foundations and others, Mikael Schmidt, Essity Pension Foundations and others, and Fredrik Lundberg, Chairman of the Board of Industrivärden. Mats Guldbrand is the Chairman of the Nominating Committee.
Industrivärden´s Annual General Meeting was held on April, 17, 2023, in Stockholm.
Nominating Committee´s proposals, report and statement ahead of the 2023 AGM
Proposal for Board of Directors 2023
Ahead of the 2023 AGM, the Nominating Committee proposes election of the following persons. In addition, Fredrik Lundberg is proposed for re-election of Fredrik Lundberg as Chairman of the Board.
Pär Boman (re-election)
Christian Caspar (re-election)
Marika Fredriksson (re-election)
Bengt Kjell (re-election)
Fredrik Lundberg (re-election)
Katarina Martinson (re-election)
Lars Pettersson (re-election)
Helena Stjernholm (re-election)
Presentation of proposed Board of Directors 2023
Proposals to the Nominating Committee
Shareholders who would like to submit proposals to the Nominating Committee can contact the Nominating Committee by e-mail to valberedning@industrivarden.se, or by ordinary mail to AB Industrivärden, Attn: Nominating Committee, Box 5403, SE-114 84 Stockholm, Sweden. In order for the Nominating Committee to be able to consider proposals these should be submitted by December 31, 2022, at the latest.
Assembly
Ahead of the 2022 AGM, the following nominating committee has been appointed:
Mats Guldbrand, L E Lundbergföretagen, Stefan Nilsson, Handelsbanken Pension Foundation and others, Mikael Schmidt, SCA and Essity Pension Foundations and others, Bo Damberg, Jan Wallanders and Tom Hedelius Foundation and others, and Fredrik Lundberg, Chairman of the Board of AB Industrivärden. Mats Guldbrand is the Nominating Committee Chairman.
Industrivärden’s Annual General Meeting was held on April 21, 2022.
The proposal and report on the Nominating Committee's work ahead of the 2022 AGM
Proposal for Board of Directors 2022
The Nominating Committee proposes the following persons to be elected to Industrivärden´s Board of Directors at Industrivärden´s 2022 Annual General Meeting. This recommendation was published on January, 27 2022. The proposal has been updated as to the assignments of the proposed Directors as of March, 10 2022.
Fredrik Lundberg
Born 1951
Chairman of the Board since 2015
Director since 2004
Current assignments
President and CEO of L E Lundbergföretagen
Chairman of Holmen and Hufvudstaden
Vice Chairman of Handelsbanken
Director of L E Lundbergföretagen and Skanska
Professional experience
Active in L E Lundbergföretagen since 1977
Education
B.Sc.Eng., B.Sc.Econ., Honorary Ph.D. in Economics, Honorary Ph.D. in Technology
Independency
Independent in relation to the company and the company´s executive management.
Non-independent in relation to the company´s major shareholders.
Holding
Own 9,462,306; closely related natural persons 21,153; closely related legal persons 83,397,903*
*Pertains to holdings in L E Lundbergföretagen (81,000,000) and Förvaltnings AB Lunden (2,397,903)
Pär Boman
Born 1961
Vice Chairman of the Board since 2015
Director since 2013
Current assignments
Chairman of Handelsbanken, Essity and SCA
Director of Skanska
Professional experience
2006 – 2015 Handelsbanken, President and CEO
1991 – 2006 Handelsbanken, various positions
Education
Engineering and Business/Economics degree, Honorary Ph.D. in Economics
Independency
Independent in relation to the company and the company´s executive management.
Non-independent in relation to the company´s major shareholders.
Holding
Own 230; closely related legal person 11,538
Christian Caspar
Born 1951
Director since 2011
Current assignments
Director of Stena and Goodgrower SA
Professional experience
2011 – McKinsey, Director Emeritus
2007 – 2011 McKinsey, Chairman of Family Business Practice
2001 – 2006 McKinsey, Chairman of Corporate Finance & Strategy Practice
1991 – 2001 McKinsey, Director of Shareholders Committee
1994 – 2000 McKinsey, Chairman of Directors Committee
1989 – 1994 McKinsey, Chairman of Client Impact Committee
1990 – 1996 McKinsey, Chairman of International Practice
1986 – 1996 Managing Director of McKinsey Scandinavia
1980 – 1986 Managing Director of McKinsey Sweden
Education
B.Sc. Econ.
Independency
Independent in relation to the company and the company´s executive management and the
company´s major shareholders.
Holding
Own 1,000
Marika Fredriksson
Born 1963
Director since 2020
Current assignments
Proposed Director of A.P. Møller-Mærsk A/S
Director of Sandvik
Professional experience
2013 – 2022 Vestas Wind Systems, CFO
2009-2012 Gambro, CFO
2008-2009 Autoliv, CFO
1996-2008 Volvo Construction Equipment, CFO and SVP Finance and Strategy
Education
M.Sc. BA.
Independency
Independent in relation to the company and the company´s executive management and the
company´s major shareholders.
Holding
-
Bengt Kjell
Born 1954
Director since 2015
Current assignments
Vice Chairman of Indutrade, Pandox and Logistea
Professional experience
2015 – 2015 Industrivärden, acting CEO
2010 – 2015 Handel och Industri, CEO
2002 – 2010 Industrivärden, Vice President and Chief Investment Officer
1987 – 2002 Navet, Senior Partner
1995 – 1997 Securum, Head of Corporate Finance and member of the Executive Management
1992 – 1995 Independent Group, CEO
1984 – 1987 K.G. Knutsson, Chief Financial Officer and Vice President
1974 – 1984 Yngve Lindells Revisionsbyrå, Autorized Public Accountant
Education
M.Sc. Econ.
Independency
Independent in relation to the company and the company´s executive management and the
company´s major shareholders.
Holding
Own 25,107; closely related natural persons 7
Katarina Martinson
Born 1981
Current assignments
Chairman of Indutrade
Director of L E Lundbergföretagen, L E Lundberg Kapitalförvaltning, Fastighets AB L E Lundberg, Förvaltnings AB Lunden, Fidelio Capital and Husqvarna
Professional experience
2008 Analyst, Handelsbanken Capital Markets
2006 – 2008 Vice President at Strategas Research Partners LLC, New York, USA
2005 – 2006 Investment research at International Strategy & Investment Group (ISI),
New York, USA
Education
M.Sc.
Independency
Independent in relation to the company and the company´s executive management. Non-independent in relation to the company´s major shareholders.
Holding
Own 3,936,922; closely related natural persons 75,000; closely related legal persons 6,615
Lars Pettersson
Born 1954
Director since 2015
Current assignments
Chairman of KP Komponenter A/ S
Director of L E Lundbergföretagen, Indutrade and Husqvarna
Professional experience
2002 – 2011 Sandvik, CEO
2000 – 2002 Sandvik, Executive Vice president
1978 – 2002 Sandvik, various positions
Education
M.Sc. Eng., Honorary Ph.D.
Independency
Independent in relation to the company and the company´s executive management.
Non-independent in relation to the company´s major shareholders.
Holding
Own 5,000
Helena Stjernholm
Born 1970
Chief Executive Officer of Industrivärden
Director since 2016
Current assignments
Vice Chairman of Ericsson
Director of Sandvik and Volvo
Professional experience
2008 – 2015 IK Investment Partners, Partner
1998 – 2008 IK Investment Partners, Chief Investment Officer
1997 – 1998 Bain & Company, Strategy Consultant
Education
M.Sc. Business Administration
Independency
Non-independent in relation to the company and the company´s executive management. Independent in relation to the company´s major shareholders.
Holding
Own 80,000; closely related natural persons 1,400; 75 000 call options
Assembly
For preparatory work for the election of directors, etc, ahead of the 2021 AGM, the following nominating committee has been appointed: Mats Guldbrand, L E Lundbergföretagen, Chairman of the Nomination Committee, Stefan Nilsson, Handelsbanken Pension Foundation and others, Mikael Schmidt, SCA and Essiy Pension Foundations and others, Bo Damberg, Jan Wallanders and Tom Hedelius Foundation and others, and Fredrik Lundberg, Chairman of the Board of Industrivärden.
Industrivärden’s Annual General Meeting was held April 21, 2021.
The proposal and report on the Nominating Committee's work ahead of the 2020 AGM
Proposal for Board of Directors 2021
The Nominating Committee proposes the following persons to be elected to Industrivärden's Board of Directors at Industrivärden's 2021 Annual General Meeting. This recommendation was published on January, 27 2021.
Fredrik Lundberg
B.Sc. Eng., B.Sc. Econ., Honorary Ph.D. in Economics, Honorary Ph.D. in Technology
Born 1951
Chairman of the board since 2015
Director since 2004
President and CEO of L E Lundbergföretagen
Chairman of Holmen and Hufvudstaden
Vice Chairman of Handelsbanken
Director of L E Lundbergföretagen and Skanska
Independent in relation to the company and the company’s executive management. Non-independent in relation to the company’s major shareholders.
Background:
Active in L E Lundbergföretagen since 1977
Shareholding:
Own 8,190,000, closely related natural persons 20,000 and closely related entities 79,951,750*.
*Pertains holdings in L E Lundbergföretagen (77,600,000) and Förvaltnings AB Lunden (2,351,750).
Pär Boman
Engineering and Business/Economics degree, Honorary Ph.D. in Economics
Born 1961
Vice Chairman of the board since 2015
Director since 2013
Chairman of Handelsbanken, Essity and SCA
Director of Skanska
Independent in relation to the company and the company’s executive management. Non-independent in relation to the company´s major shareholders.
Background:
2006-2015 Handelsbanken, President and Group Chief Executive
Shareholding:
Closely related entities 10,000
Christian Caspar
B.Sc. Econ.
Born 1951
Director since 2011
Director of Stena and Goodgrower SA
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2011- McKinsey, Director Emeritus
2007-2011 McKinsey, Chairman Family Business Practice
2001-2006 McKinsey, Chairman Corporate Finance & Strategy Practice
1991-2001 McKinsey, Director Shareholders Committee
1994-2000 McKinsey, Chairman Directors Committee
1989-1994 McKinsey, Chairman Client Impact Committee
1990-1996 McKinsey, Chairman International Practice
1986-1996 Managing Director McKinsey Scandinavia
1980-1986 Managing Director McKinsey Sweden
Shareholding:
Own 1,000
Marika Fredriksson
M.Sc. BA.
Born 1963
Director of Sandvik and SSAB
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2013- Vestas Vind Systems A/S, CFO
2009-2012 Gambro, CFO
2008-2009 Autoliv, CFO
1996-2008 Volvo Construction Equipment, CFO and SVP Finance and Strategy
Shareholding:
-
Bengt Kjell
B.Sc. Econ.
Born 1954
Director since 2015
Chairman of SSAB and Amasten
Vice Chairman of Indutrade and Pandox
Director of SSM
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2015-2015 Industrivärden, acting CEO
2010-2015 Handel och Industri, CEO
2002-2010 Industrivärden, Vice President and Chief Investment Officer
1987-2002 Navet, Senior Partner
1995-1997 Securum, Head of Corporate Finance and member of the Executive Management
1992-1995 Independent Group, CEO
1984-1987 K.G. Knutsson, Chief Financial Officer and Vice President
1974-1984 Yngve Lindells Revisionsbyrå, Authorized Public Accountant
Shareholding:
Own 25,000
Annika Lundius
LL.M.
Born 1951
Director since 2014
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2007-2015 Confederation of Swedish Enterprise, Deputy General Director
2002-2007 Swedish Insurance Federation (now Insurance Sweden) and the Swedish Insurance Employers’ Association (FAO), Managing Director
1994-2002 Ministry of Finance, Head of the Legal Secretariat and Director-General
1993-1994 Ministry of Finance, Assistant Under-Secretary
Shareholding:
Own 3,954 and closely related entities 1,500
Lars Pettersson
M.Sc. Eng., Hon. Ph.D.
Born 1954
Director since 2015
Chairman of KP Komponenter A/S
Director of L E Lundbergföretagen, Indutrade, Husqvarna, and Festo A.G
Independent in relation to the company and the company’s executive management. Non-independent in relation the company’s major shareholders.
Background:
2002-2011 Sandvik, CEO
2000-2002 Sandvik, Executive Vice President
1978-2002 Sandvik, various positions
Shareholding:
Own 5,000
Helena Stjernholm
M.Sc. BA.
Born 1970
Chief Executive Officer since 2015
Director since 2016
Vice Chairman of Ericsson
Director of Sandvik and Volvo
Non-independent in relation to the company and the company’s executive management. Independent in relation to the company’s major shareholders.
Background:
2008–2015 IK Investment Partners, partner
1998–2008 IK Investment Partners, Chief Investment Officer
1997–1998 Bain & Company, Consultant
Shareholding:
Own 71,700, closely related natural persons 1,000, and 75,000 call-options
Assembly
For preparatory work for the election of directors, etc, ahead of the 2020 AGM, the following nominating committee has been appointed: Mats Guldbrand, L E Lundbergföretagen, Stefan Nilsson, Handelsbanken Pension Foundation and others, Mikael Schmidt, SCA and Essity Pension Foundations and others, Bo Damberg, Jan Wallanders and Tom Hedelius Foundation and others, and Fredrik Lundberg, Chairman of the Board of AB Industrivärden. Mats Guldbrand is the Nominating Committee Chairman.
Industrivärden's Annual General Meeting was held on April 24, 2020, in Stockholm.
The proposal and report on the Nominating Committee's work ahead of the 2020 AGM
Proposal for Board of Directors 2020
The Nominating Committee proposes the following persons to be elected to Industrivärden's Board of Directors at Industrivärden's 2020 Annual General Meeting. This recommendation was published on January, 29 2020.
Fredrik Lundberg
B.Sc. Eng., B.Sc. Econ., Honorary Ph.D. in Economics, Honorary Ph.D. in Technology
Born 1951
Chairman of the board since 2015
Director since 2004
President and CEO of L E Lundbergföretagen
Chairman of Holmen and Hufvudstaden
Vice Chairman of Handelsbanken
Director of L E Lundbergföretagen and Skanska
Independent in relation to the company and the company’s executive management. Non-independent in relation to the company’s major shareholders.
Background:
Active in L E Lundbergföretagen since 1977
Shareholding:
Own 8,190,000, closely related natural persons 20,000 and closely related entities 76,600,000*
Pär Boman
Engineering and Business/Economics degree, Honorary Ph.D. in Economics
Born 1961
Vice Chairman of the board since 2015
Director since 2013
Chairman of Handelsbanken, Essity and SCA
Director of Skanska
Independent in relation to the company and the company’s executive management. Non-independent in relation to the company´s major shareholders.
Background:
2006-2015 Handelsbanken, President and Group Chief Executive
Shareholding:
Closely related entities 10,000
Christian Caspar
B.Sc. Econ.
Born 1951
Director since 2011
Director of Stena, Benteler International AG and Goodgrower SA
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2011- McKinsey, Director Emeritus
2007-2011 McKinsey, Chairman Family Business Practice
2001-2006 McKinsey, Chairman Corporate Finance & Strategy Practice
1991-2001 McKinsey, Director Shareholders Committee
1994-2000 McKinsey, Chairman Directors Committee
1989-1994 McKinsey, Chairman Client Impact Committee
1990-1996 McKinsey, Chairman International Practice
1986-1996 Managing Director McKinsey Scandinavia
1980-1986 Managing Director McKinsey Sweden
Shareholding:
Own 1,000
Marika Fredriksson
M.Sc. BA.
Born 1963
Director of Sandvik and SSAB
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2019 Axcel, Director of Advisory Board
2013- Vestas Vind Systems A/S, CFO
2009-2012 Gambro, CFO
2008-2009 Autoliv, CFO
1996-2008 Volvo Construction Equipment, CFO and SVP Finance and Strategy
Shareholding:
-
Bengt Kjell
B.Sc. Econ.
Born 1954
Director since 2015
Chairman of SSAB and Hemfosa Fastigheter
Vice Chairman of Indutrade and Pandox
Director of Amasten
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2015-2015 Industrivärden, acting CEO
2010-2015 Handel och Industri, CEO
2002-2010 Industrivärden, Vice President and Chief Investment Officer
1987-2002 Navet, Senior Partner
1995-1997 Securum, Head of Corporate Finance and member of the Executive Management
1992-1995 Independent Group, CEO
1984-1987 K.G. Knutsson, Chief Financial Officer and Vice President
1974-1984 Yngve Lindells Revisionsbyrå, Authorized Public Accountant
Shareholding:
Own 25,000
Annika Lundius
LL.M.
Born 1951
Director since 2014
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2007-2015 Confederation of Swedish Enterprise, Deputy General Director
2002-2007 Swedish Insurance Federation (now Insurance Sweden) and the Swedish Insurance Employers’ Association (FAO), Managing Director
1994-2002 Ministry of Finance, Head of the Legal Secretariat and Director-General
1993-1994 Ministry of Finance, Assistant Under-Secretary
Shareholding:
Own 2,554 and closely related entities 1,500
Lars Pettersson
M.Sc. Eng., Hon. Ph.D.
Born 1954
Director since 2015
Chairman of KP Komponenter A/S
Director of L E Lundbergföretagen, Indutrade, Husqvarna, and Festo A.G
Independent in relation to the company and the company’s executive management. Non-independent in relation the company’s major shareholders.
Background:
2002-2011 Sandvik, CEO
2000-2002 Sandvik, Executive Vice President
1978-2002 Sandvik, various positions
Shareholding:
Own 5,000
Helena Stjernholm
M.Sc. BA.
Born 1970
Chief Executive Officer since 2015
Director since 2016
Vice Chairman of Ericsson
Director of Sandvik and Volvo
Non-independent in relation to the company and the company’s executive management. Independent in relation to the company’s major shareholders.
Background:
2008–2015 IK Investment Partners, partner
1998–2008 IK Investment Partners, Chief Investment Officer
1997–1998 Bain & Company, Consultant
Shareholding:
Own 64,000, closely related natural persons 1,000, and 75,000 call-options
*Pertains holdings in L E Lundbergföretagen (74,600,000) and Förvaltnings AB Lunden (2,000,000).
Assembly
For preparatory work for the election of directors, etc, ahead of the 2018 AGM, the following nominating committee has been appointed: Mats Guldbrand, L E Lundbergföretagen, Håkan Sandberg, Handelsbankens Pensionsstiftelse and others, Mikael Schmidt, SCA Pensionsstiftelse and others, Bo Damberg, Jan Wallanders och Tom Hedelius stiftelse and others, and Fredrik Lundberg, Chairman of the Board of AB Industrivärden. Mats Guldbrand is the Nominating Committee Chairman.
Industrivärden's Annual General Meeting was held on April 17, 2018, in Stockholm.
The proposal and report on the Nominating Committee's work ahead of the 2018 AGM
Proposal for Board of Directors 2018
The Nominating Committee proposes the following persons to be elected to Industrivärden's Board of Directors at Industrivärden's 2018 Annual General Meeting. This recommendation was published on February 1, 2018.
Fredrik Lundberg
B.Sc. Eng., B.Sc. Econ., Honorary Ph.D. in Economics, Honorary Ph.D. in Technology.
Born 1951.
Chairman of the board since 2015.
Director since 2004.
President and CEO of L E Lundbergföretagen.
Chairman of Holmen, Hufvudstaden and Indutrade.
Vice Chairman of Handelsbanken.
Director of L E Lundbergföretagen and Skanska.
Independent in relation to the company and the company’s executive management. Non-independent in relation to the company’s major shareholders.
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981.
Shareholding: Own 8,190,000; closely related natural persons 20,000 and and closely related legal entities 72,600,000*
Pär Boman
Engineering and Business/Economics degree, Honorary Ph.D. in Economics.
Born 1961.
Vice Chairman of the board since 2015.
Director since 2013.
Chairman of Handelsbanken and SCA.
Director of Skanska.
Non-independent in relation to the company and the company’s executive management and major shareholders
Background:
2006-2015 Handelsbanken, President and Group Chief Executive
2002-2006 Handelsbanken, Executive Vice President, Head of Handelsbanken Markets
1998-2002 Handelsbanken, Executive Vice President, Head of Regional Bank Denmark
Employed by Handelsbanken since 1991
Shareholding: Closely related legal entities 1,000
Christian Caspar
B.Sc. Econ.
Born 1951.
Director since 2011.
Director of Stena, Bonnier, Benteler International AG and Goodgrower SA.
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2011- McKinsey, Director Emeritus
2007-2011 McKinsey, Chairman Family Business Practice
2001-2006 McKinsey, Chairman Corporate Finance & Strategy Practice
1991-2001 McKinsey, Director Shareholders Committee
1994-2000 McKinsey, Chairman Directors Committee
1989-1994 McKinsey, Chairman Client Impact Committee
1990-1996 McKinsey, Chairman International Practice
1986-1996 Managing Director McKinsey Scandinavia
1980-1986 Managing Director McKinsey Sweden
Shareholding: Own 1,000
Bengt Kjell
B.Sc. Econ.
Born 1954.
Director since 2015.
Chairman of SSAB and Hemfosa Fastigheter.
Vice Chairman of Indutrade.
Director of ICA Gruppen and Pandox.
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2015-2015 Industrivärden, acting CEO
2010-2015 Handel och Industri, CEO
2002-2010 Industrivärden, Vice President and Chief Investment Officer
1987-2002 Navet, Senior Partner
1995-1997 Securum, Head of Corporate Finance and member of the Executive Management
1992-1995 Independent Group, CEO
1984-1987 K.G. Knutsson, Chief Financial Officer and Vice President
1974-1984 Yngve Lindells Revisionsbyrå, Authorized Public Accountant
Shareholding: Own 25,000
Nina Linander
B.Sc. Econ., MBA.
Born 1959.
Director since 2014.
Chairman of Awa Holding.
Director of Telia Company, Skanska, Castellum and OneMed.
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2006-2012 Stanton Chase International, Partner
2001-2005 Electrolux, Senior Vice President, Head of Corporate Finance
1997-2001 Vattenfall, Head of Product Area Electricity
1996 Vattenfall, Area Manager Finland
1994-1995 Vattenfall, Business Development
Shareholding: Own 23,950 and closely related natural person 8,000
Annika Lundius
LL.M.
Born 1951.
Director since 2014.
Director of SSAB.
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2007-2015 Confederation of Swedish Enterprise, Deputy General Director
2002-2007 Swedish Insurance Federation (now Insurance Sweden) and the Swedish Insurance Employers’ Association (FAO), Managing Director
1994-2002 Ministry of Finance, Head of the Legal Secretariat and Director-General
1993-1994 Ministry of Finance, Assistant Under-Secretary
Shareholding: Own 2,554 and closely related legal entities 1,500
Lars Pettersson
M.Sc. Eng., Hon. Ph.D.
Born 1954.
Director since 2015.
Chairman of KP Komponenter A/S.
Director of L E Lundbergföretagen, Indutrade, Husqvarna, and Festo A.G.
Independent in relation to the company and the company’s executive management. Non-independent in relation the company’s major shareholders.
Background:
2002-2011 Sandvik, CEO
2000-2002 Sandvik, Executive Vice President
1978-2002 Sandvik, various positions
Shareholding: Own 5,000
Helena Stjernholm
M.Sc. BA.
Born 1970.
Chief Executive Officer of Industrivärden. Director since 2016.
Director of Ericsson, Sandvik and Volvo.
Non-independent in relation to the company and the company’s executive management. Independent in relation to the company’s major shareholders.
Background:
2008–2015 IK Investment Partners, partner
1998–2008 IK Investment Partners, Chief Investment Officer
1997–1998 Bain & Company, Consultant
Shareholding: Own 26,100 and 75,000 call-options
*Pertains holdings in L E Lundbergföretagen (71,600,000) and Byggnads AB Karlsson & Wingesjö (1,000,000).
Assembly
For preparatory work for the election of directors, etc, ahead of the 2017 AGM, the following nominating committee has been appointed: Mats Guldbrand (committee chair – L E Lundbergföretagen), Bo Damberg (the Jan Wallander and Tom Hedelius Foundation, and others), Mikael Schmidt (SCA pension foundations and others), Håkan Sandberg (Handelsbanken Pension Foundation and Handelsbanken Pension Fund, and others), and Fredrik Lundberg (Chairman of the Board of Industrivärden).
Industrivärden’s Annual General Meeting was held on May 9, 2017, in Stockholm.
The propsal and report on the Nominating Committee's work ahead of the 2017 AGM
Proposals for Board of Directors 2017
The Nominating Committee proposes the following persons to be elected to Industrivärden’s Board of Directors at Industrivärden´s 2017 Annual General Meeting.
The Nominating Committee proposes Fredrik Lundberg to be elected as Chairman of the Board on the 2017 Annual General Meeting. This recommendation was published on January 31, 2017.
Fredrik Lundberg
B.Sc. Eng., B.Sc. Econ., Honorary Ph.D. in Economics, Honorary Ph.D. in Technology.
Born 1951.
Chairman of the board since 2015.
Director since 2004.
President and CEO of L E Lundbergföretagen.
Chairman of Holmen, Hufvudstaden and Indutrade.
Vice Chairman of Handelsbanken.
Director of L E Lundbergföretagen and Skanska.
Independent in relation to the company and the company’s executive management. Non-independent in relation to the company’s major shareholders.
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981.
Shareholding: Own 8 190 000, Closely related natural persons 20 000, Closely related legal entities 70 600 000*.
Pär Boman
Engineering and Business/Economics degree, Honorary Ph.D. in Economics.
Born 1961.
Vice Chairman of the board since 2015.
Director since 2013.
Chairman of Handelsbanken and SCA.
Director of Skanska.
Non-independent in relation to the company and the company’s executive management and major shareholders.
Background:
2006-2015 Handelsbanken, President and CEO.
2002-2006 Handelsbanken, Executive Vice President, Head of Handelsbanken Markets.
1998-2002 Handelsbanken, Executive Vice President, Head of Regional Bank Denmark.
Employed by Handelsbanken since 1991.
Shareholding: Own 1 000
Christian Caspar
B.Sc. Econ.
Born 1951.
Director since 2011.
Director of Stena, Bonnier, Benteler International AG and Goodgrower SA.
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2011- McKinsey, Director Emeritus.
2007-2011 McKinsey, Chairman Family Business Practice.
2001-2006 McKinsey, Chairman Corporate Finance & Strategy Practice.
1991-2001 McKinsey, Director Shareholders Committee.
1994-2000 McKinsey, Chairman Directors Committee.
1989-1994 McKinsey, Chairman Client Impact Committee.
1990-1996 McKinsey, Chairman International Practice.
1986-1996 Managing Director McKinsey Scandinavia.
1980-1986 Managing Director McKinsey Sweden.
Shareholding: Own 1 000
Bengt Kjell
B.Sc. Econ.
Born 1954.
Director since 2015.
Chairman of SSAB and Hemfosa Fastigheter.
Vice Chairman of Indutrade.
Director of ICA Gruppen and Pandox.
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2015-2015 Industrivärden, acting CEO.
2010-2015 Handel och Industri, CEO.
2002-2010 Industrivärden, Vice President and Chief Investment Officer.
1987-2002 Navet, Senior Partner.
1995-1997 Securum, Head of Corporate Finance and member of the Executive Management.
1992-1995 Independent Group, CEO.
1984-1987 K.G. Knutsson, Chief Financial Officer and Vice President.
1974-1984 Yngve Lindells Revisionsbyrå, Authorized Public Accountant.
Shareholding: Own 25 000
Nina Linander
B.Sc. Econ., MBA
Born 1959.
Director since 2014.
Director of Telia Company, Skanska, Awa Holding, Castellum and OneMed.
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2006-2012 Stanton Chase International, Partner.
2001-2005 Electrolux, Senior Vice President, Head of Corporate Finance.
1997-2001 Vattenfall, Head of Product Area Electricity.
1996 Vattenfall, Area Manager Finland.
1994-1995 Vattenfall, Business Development.
Shareholding: Own 23 950, Closely related natural persons 8 000.
Annika Lundius
LL.M.
Born 1951.
Director since 2014.
Director of SSAB and AMF Pension.
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2007-2015 Confederation of Swedish Enterprise, Deputy General Director.
2002-2007 Swedish Insurance Federation (now Insurance Sweden) and the Swedish Insurance Industry Employer Association (FAO), Managing Director.
1994-2002 Ministry of Finance, Head of the Legal Secretariat and Director-General.
1993-1994 Ministry of Finance, Assistant Under-Secretary.
Shareholding: Own 2 554, Closely related legal entities 1 500
Lars Pettersson
M.Sc. Eng., Hon. Ph.D.
Born 1954.
Director since 2015.
Chairman of KP Komponenter A/S.
Director of L E Lundbergföretagen, Indutrade, Husqvarna AB and Festo A.G.
Independent in relation to the company and the company’s executive management. Non-independent in relation the company’s major shareholders.
Background:
2002-2011 Sandvik, CEO.
2000-2002 Sandvik, Executive Vice President.
1978-2002 Sandvik, various positions.
Shareholding: Own 5 000
Helena Stjernholm
M.Sc. Business Administration
Born 1970.
Chief Executive Officer of Industrivärden and Chief Investment Officer.
Director since 2016.
Director of Ericsson, Sandvik and Volvo.
Non-independent in relation to the company and the company’s executive management. Independent in relation to the company’s major shareholders.
Background:
2008-2015 IK Investment Partners, Partner.
1998-2008 IK Investment Partners, Chief Investment Officer.
1997-1998 Bain & Company, Strategy Consultant.
Shareholding: Own 20 600 shares, 75 000 call options.
*pertains to shareholding in L E Lundbergföretagen and Byggnads AB Karlsson & Wingesjö
Assembly
For preparatory work for the election of directors, etc, ahead of the 2016 AGM, the following nominating committee has been appointed:Håkan Sandberg (Handelsbanken Pension Foundation and Handelsbanken Pension Fund, and others), Bo Damberg (the Jan Wallander and Tom Hedelius Foundation and others), Mats Guldbrand (LE Lundbergföretagen), Mikael Schmidt (SCA Pension Foundation and others), and Fredrik Lundberg (Chairman of the Board of Aktiebolaget Industrivärden). The Nominating Committee appointed Håkan Sandberg as committee chair.
Industrivärden’s Annual General Meeting was held on May 9, 2016, in Stockholm.
The propsal and report on the Nominating Committee's work ahead of the 2016 AGM
Proposals for Board of Directors 2016
The Nominating Committee proposes the following persons to be elected to Industrivärden’s Board of Directors at Industrivärden´s 2016 Annual General Meeting. The Nominating Committee proposes Fredrik Lundberg to be elected as Chairman of the Board. This recommendation was published on January 26, 2016.
Fredrik Lundberg
B.Sc. Eng., B.Sc. Econ., Honorary Ph.D. in Economics, Honorary Ph.D. in Technology.
Born 1951.
Place of residence: Djursholm.
Chairman of the Board since 2015.
Director since 2004.
President and CEO of L E Lundbergföretagen.
Chairman of Holmen, Hufvudstaden and Indutrade.
Vice Chairman of Handelsbanken.
Director of L E Lundbergföretagen and Skanska.
Independent in relation to the company and the company’s executive management. Non-independent in relation to the company’s major shareholders.
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981.
Shareholding: 7,210,000; related party 60,600,000
Pär Boman
Engineering and Business/Economics degree, Honorary Ph.D. in Economics.
Born 1961.
Place of residence: Stockholm.
Vice Chairman since 2015.
Director since 2013.
Chairman of Handelsbanken and SCA.
Director of Skanska.
Non-independent in relation to the company and the company’s executive management and major shareholders.
Background:
2006-2015 Handelsbanken, President and Group Chief Executive
2002-2006 Handelsbanken, Executive Vice President, Head of Handelsbanken Markets
1998-2002 Handelsbanken, Executive Vice President, Head of Regional Bank Denmark
Employed by Handelsbanken since 1991
Shareholding: 1,000
Christian Caspar
B.Sc. Econ.
Born 1951.
Place of residence: Feusisberg, Switzerland.
Director since 2011.
Director of Stena, Bonnier, Benteler International AG and Goodgrower SA.
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2011- McKinsey, Director Emeritus.
2007-2011 McKinsey, Chairman Family Business Practice.
2001-2006 McKinsey, Chairman Corporate Finance & Strategy Practice.
1991-2001 McKinsey, Director Shareholders Committee.
1994-2000 McKinsey, Chairman Directors Committee.
1989-1994 McKinsey, Chairman Client Impact Committee.
1990-1996 McKinsey, Chairman International Practice.
1986-1996 Managing Director McKinsey Scandinavia.
1980-1986 Managing Director McKinsey Sweden.
Shareholding: 1,000
Bengt Kjell
B.Sc. Econ.
Born 1954.
Place of residence: Stockholm.
Director since 2015.
Chairman of SSAB and Hemfosa Fastigheter.
Vice Chairman of Indutrade.
Director of ICA Gruppen and Pandox.
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2015 Industrivärden, Acting President and CEO
2010-2015 AB Handel och Industri, CEO
2002-2010 AB Industrivärden, Vice President and Chief Investment Officer
1987-2002 AB Navet, Senior Partner
1995-1997 AB Securum, Head of Corporate Finance and member of the Executive Management
1992-1995 Independent Group, CEO
1984-1987 AB K.G. Knutsson, Chief Financial Officer and Vice President
1974-1984 AB Yngve Lindells Revisionsbyrå, Authorized Public Accountant
Shareholding: 15,000
Nina Linander
B.Sc. Econ., MBA
Born 1959.
Place of residence: Stockholm.
Director since 2014.
Director of TeliaSonera, Skanska, Awapatent, Specialfastigheter Sverige (t o m 21 April 2016), Castellum and OneMed AB.
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2006-2012 Stanton Chase International, Partner
2001-2005 Electrolux, Senior Vice President, Head of Corporate Finance
1997-2001 Vattenfall, Head of Product Area Electricity
1996 Vattenfall, Area Manager Finland
1994-1995 Vattenfall, Business Development
Shareholding: 20,950
Annika Lundius
LL.M.
Born 1951.
Place of residence: Stockholm.
Director since 2014.
Director of SSAB and AMF Pension.
Independent in relation to the company and the company’s executive management and major shareholders.
Background:
2007-2015 Confederation of Swedish Enterprise, Deputy General Director
2002-2007 Swedish Insurance Federation (now Insurance Sweden) and the Swedish Insurance Employers’ Association (FAO), Managing Director,
1994-2002 Ministry of Finance, Head of the Legal Secretariat and Director-General
1993-1994 Ministry of Finance, Assistant Under-Secretary
Shareholding: 1,954, related party 1,500
Lars Pettersson
M.Sc. Eng., Hon. Ph.D.
Born 1954.
Place of residence: Sandviken.
Director since 2015.
Chairman of KP Komponenter A/S.
Director of L E Lundbergföretagen, Indutrade, Husqvarna AB, Festo A.G. and LKAB.
Independent in relation to the company and the company’s executive management. Non-independent in relation the company’s major shareholders.
Background:
2002-2011 Sandvik, CEO
2000-2002 Sandvik, Executive Vice President
1978-2002 Sandvik, various positions
Shareholding: 5,000
Helena Stjernholm
M.Sc. BA.
Born 1970.
Place of residence: Bromma.
Chief Executive Officer of Industrivärden and Chief Investment Officer.
Industrivärden employee since 2015.
Proposed for election to the Board in 2016.
Non-independent in relation to the company and the company’s executive management. Independent in relation to the company’s major shareholders.
Background:
2008–2015 IK Investment Partners, partner
1998–2008 IK Investment Partners, Chief Investment Officer
1997–1998 Bain & Company, Consultant
Shareholding: 15,000 and Call options: 75,000
Assembly
For preparatory work for the election of directors, etc, ahead of the 2015 AGM, the following nominating committee has been appointed: Bo Damberg (Jan Wallanders och Tom Hedelius Stiftelse and others), Mats Guldbrand (L E Lundbergföretagen), Sverker Martin-Löf (Chairman of the Board of Industrivärden), Mikael Schmidt (SCA Pension Foundations and others), and Håkan Sandberg (Handelsbanken, Handelsbanken Pension Foundation and others). The members of the Nominating Committee have been appointed by shareholders who together represent approximately two third of the total number of votes.
Industrivärden’s Annual General Meeting was held on May 6, 2015, in Stockholm.
The propsal and revised report on the Nominating Committee’s work ahead of the 2015 AGM
Proposal for Board of Directors 2015
The Nominating Committee proposes the following persons for election as Directors on Industrivärdens's Board at Industrivärden's 2015 Annual General Meeting. This revised recommendation was published on April 27, 2015.
The Nominating Committee proposes that Fredrik Lundberg be elected as Chairman of the Board.
Fredrik Lundberg
M.Sc. Eng., MBA, Honorary Doctor of Economics, Honorary Doctor of Engineering.
Born 1951.
Place of residence: Djursholm.
Director since 2004.
President and CEO of L E Lundbergföretagen.
Chairman of Holmen, Hufvudstaden and Indutrade
Vice Chairman of Handelsbanken.
Director of L E Lundbergföretagen and Skanska.
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981.
Shareholding: 5,860,000; related entities 53,000,000.
Pär Boman
Engineering and Business/Economics degree.
Born 1961.
Place of residence: Stockholm.
Director since 2013.
Chairman of Handelsbanken and SCA.
Background:
2005-2015 President and Group Chief Executive of Handelsbanken
2002-2005 Executive Vice President, Head of Handelsbanken Markets
1998-2002 Executive Vice President, Head of Regional Bank Denmark, Handelsbanken
Employed by Handelsbanken since 1991
Shareholding: 1,000.
Christian Caspar
MBA.
Born 1951.
Place of residence: Feusisberg, Switzerland.
Director since 2011.
Director of Stena and Bonnier.
Background:
2008- 2011 McKinsey, Chairman Family Advisory Practice
1998-2006 McKinsey, Chairman Corporate Finance & Strategy Practice
1991-2001 McKinsey, Director Shareholders Committee
1994-2000 McKinsey, Chairman Directors Committee
1989-1994 McKinsey, Chairman Client Impact Committee
1986-1996 Managing Director McKinsey Scandinavia
1980-1986 Managing Director McKinsey Sweden
Shareholding: 1,000.
Bengt Kjell
MBA.
Born 1954.
Place of residence: Stockholm.
Acting President and CEO of Industrivärden during the period May 6 - August 31, 2015.
Chairman of SSAB, Hemfosa Fastigheter and Skånska Byggvaror.
Vice Chairman of Indutrade.
Director of ICA Gruppen, Pandox.
Background:
2010-2015 AB Handel och Industri, CEO
2002-2010 AB Industrivärden, Vice President and Chief Investment Officer
1987-2002 AB Navet, Senior Partner
1995-1997 AB Securum, Head of Corporate Finance and member of the Executive Management
1992-1995 Independent Group, CEO
1984-1987 AB K.G. Knutsson, Chief Financial Officer and Vice President
1974-1984 AB Yngve Lindells Revisionsbyrå, Authorized Public Accountant
Shareholding: 15,000
Nina Linander
M.Sc. Econ., MBA.
Born 1959.
Place of residence: Stockholm.
Director since 2014.
Director of TeliaSonera, Skanska, Awapatent, Specialfastigheter Sverige and Castellum.
Background:
2006-2012 Partner, Stanton Chase International
2001-2004 Senior Vice President, Head of Group Staff Treasury, Electrolux
1997-2001 Head of Product Area Electricity, Vattenfall
1996 Area Manager Finland, Vattenfall
1994-1995 Business Development, Vattenfall
Shareholding: 8,400.
Annika Lundius
LLM.
Born 1951.
Place of residence: Stockholm.
Director since 2014.
Director of SSAB and AMF Pension.
Background:
2007-2015 Deputy General Director, Confederation of Swedish Enterprise
2002-2007 Managing Director, Swedish Insurance Federation
(now Insurance Sweden) and the Swedish Insurance Industry Employers Association (FAO)
1994-2002 Head of the Legal Secretariat and Director-General of the Ministry of Finance
1993-1994 Assistant Under-Secretary of the Ministry of Finance
Shareholding: 2,230.
Lars Pettersson
M.Sc. and PhD.h.c.
Born 1954.
Place of residence: Sandviken.
Chairman in KP Komponenter A/S. Director of L E Lundbergföretagen, Indutrade, PMC Group, Husqvarna AB, Uppsala University Consistory and LKAB.
Background:
2002-2011 Sandvik, CEO
2000-2002 Sandvik, Executive Vice President
1978-2002 Sandvik, various positions
Shareholding: -
Independence conditions:
Pär Boman and Lars Pettersson are considered to be non-independent in relation to the Company and the Company’s Executive Management and are also non-independent in relation to the major shareholders. Bengt Kjell is employed by Industrivärden and considered to be non-independent in relation to the Company and the Company’s Executive Management. All of the other proposed directors are independent in relation to the Company and its Executive Management. Of these, Christian Caspar, Nina Linander and Annika Lundius are independent in relation to the major shareholders.
Assembly
For preparatory work for the election of directors, etc, ahead of the 2014 AGM, the following nominating committee has been appointed: Bo Damberg (Jan Wallanders och Tom Hedelius Stiftelse and others), Ulf Lundahl (L E Lundbergföretagen), Sverker Martin-Löf (Chairman of the Board of Industrivärden), Mikael Schmidt (SCA Pension Foundations and others), and Håkan Sandberg (Handelsbanken Pension Foundation and Handelsbanken Pension Fund). The members of the Nominating Committee have been appointed by shareholders who together represent approximately two third of the total number of votes.
Industrivärden’s Annual General Meeting was held on May 6, 2014, in Stockholm.
The proposal and report on the Nominating Committee’s work ahead of the 2014 AGM
Proposal for Board of Directors 2014
The Nominating Committee proposes the following persons for election as Directors on Industrivärdens´s Board at Industrivärden´s 2014 Annual General Meeting.
The Nominating Committee proposes that Sverker Martin-Löf be elected as Chairman of the Board at the 2014 Annual General Meeting.
Sverker Martin-Löf
M.Sc. Eng., Tech. lic., Honorary Ph.D.
Born 1943.
Chairman of the Board since 2010
Vice Chairman of the Board 2002-2010
Director since 1996
Chairman of SCA and SSAB
Vice Chairman of Ericsson and Svenska Handelsbanken
Director of Skanska
Background:
Operative within SCA;
1990-2002 President and CEO
1988-1990 CEO
1986-1988 Executive Vice President
1977-1983 Division Manager
1983-1986 Sunds Defibrator, President and CEO
Shareholding: 14,000
Pär Boman
Engineering and Business/Economics degree.
Born 1961.
Director since 2013
President and Group Chief Executive of Handelsbanken
Director of SCA
Background:
2002-2005 Executive Vice President, Head of Handelsbanken Markets
1998-2002 Executive Vice President, Head of Regional Bank Denmark, Handelsbanken
Employed by Handelsbanken since 1991
Shareholding: 1,000
Christian Caspar
MBA.
Born 1951.
Director since 2011
Director of Stena and Bonnier
Background:
2008- 2011 McKinsey, Chairman Family Advisory Practice
1998-2006 McKinsey, Chairman Corporate Finance & Strategy Practice
1991-2001 McKinsey, Director Shareholders Committee
1994-2000 McKinsey, Chairman Directors Committee
1989-1994 McKinsey, Chairman Client Impact Committee
1986-1996 Managing Director McKinsey Scandinavia
1980-1986 Managing Director McKinsey Sweden
Shareholding: -
Boel Flodgren
LL.D. Honorary Doctor of Economics. Professor.
Born 1942.
Director since 2002
Background:
2010- Senior Professor of commercial law
1992-2002 President of Lund University
1987-2010 Professor of commercial law
1984-1987 Adjunct professor of commercial law
1982-1984 Adjunct professor of civil law
1979-1982 Associate professor
1976-1978 University lecturer/doctoral candidate
1970-1976 Clerk at the Court of Appeal
Shareholding: 1,900
Stuart Graham
Bachelor of Science. Honorary Doctor of Engineering.
Born 1946.
American citizen.
Director since 2011
Chairman of Skanska
Director of PPL Corporation, Harsco Corporation and Brand Energy and Infrastructure Company
Background:
2002 – 2008 Skanska, President and CEO
1998 – 2002 Skanska, Vice President
1996 – 1998 Skanska USA, President
1995 – 1996 Skanska USA Civil, President
1990 – 1995 Sordoni Skanska, President
1970 – 1990 Sordoni Construction Company, management positions
Shareholding: 2,000
Nina Linander
M.Sc. Econ., MBA.
Born 1959.
Nominated for new election in 2014
Director of TeliaSonera, Skanska, Awapatent, Specialfastigheter Sverige and Castellum
Background:
Nina Linander founded and until 2012 was a partner in the recruitment consulting firm Stanton Chase International.
Prior to this, she served in various executive positions for Vattenfall and Electrolux
Shareholding: 400
Annika Lundius
LLM.
Born 1951.
Nominated for new election in 2014
Executive Vice President of the Confederation of Swedish Enterprise
Director of SSAB and AMF Pension
Background:
Former Legal Director and Director-General in the Swedish Ministry of Finance, and
former CEO of the Swedish Insurance Federation and the Swedish Insurance Industry
Employers Association (FAO).
Shareholding: -
Fredrik Lundberg
M.Sc. Eng., MBA, Honorary Doctor of Economics, Honorary Doctor of Engineering.
Born 1951.
Director since 2004
President and CEO of L E Lundbergföretagen.
Chairman of Holmen, Hufvudstaden and Indutrade
Vice Chairman of Svenska Handelsbanken.
Director of L E Lundbergföretagen, Sandvik and Skanska.
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981
Shareholding: 5,260,000; related entities 50,000,000
Anders Nyrén
MBA, U.S. MBA.
Born 1954.
President and Chief Executive Officer of Industrivärden
Director since 2001
Chairman of Sandvik and Svenska Handelsbanken
Director of SCA, Volvo, the Stockholm School of Economics and the Stockholm School of
Economics Association
Background:
1997-2001 Skanska, Executive Vice President and CFO
1996-1997 Nordbanken, Director with executive responsibility for Markets and Corporate
Finance
1992-1996 Securum, Executive Vice President and CFO
1987-1992 OM International AB, President and CEO
1986-1987 STC Venture AB, President
1984-1987 STC, Executive Vice President and CFO
1983-1984 STC, Controller
1979-1982 AB Wilhelm Becker, executive
Shareholding: 79,100
Independence conditions
Industrivärden's CEO, Anders Nyrén, Pär Boman are considered to be non-independent in relation to the Company and the Company’s Executive Management. All of the other proposed directors are independent in relation to the Company and its Executive Management. Of these, Christian Caspar, Boel Flodgren, Stuart Graham, Nina Linander and Annika Lundius are independent in relation to the major shareholder.
Assembly
For preparatory work for the election of directors, etc, ahead of the 2013 AGM, the following nominating committee has been appointed: Sverker Martin-Löf (Chairman of the Board of Industrivärden), Bo Damberg (the Jan Wallander and Tom Hedelius Foundation and others), Ulf Lundahl (L E Lundbergföretagen), Mikael Schmidt (SCA Pension Foundations and others), and Håkan Sandberg (Handelsbanken Pension Foundation and Handelsbanken Pension Fund). The Nominating Committee appointed Håkan Sandberg as committee chair. The members of the Nominating Committee have been appointed by shareholders who together represent approximately two third of the total number of votes.
Industrivärden’s Annual General Meeting was held on May 7, 2013, in Stockholm.
The proposal and report on the Nominating Committee’s work ahead of the 2013 AGM
Proposal for Board of Directors 2013
The Nominating Committee proposes the following persons for election as Directors on Industrivärdens's Board at Industrivärden's 2013 Annual General Meeting.
The Nominating Committee proposes that Sverker Martin-Löf be elected as Chairman of the Board at the 2013 Annual General Meeting.
Sverker Martin-Löf
M.Sc. Eng., Tech. lic., Honorary Ph.D.
Born 1943.
Chairman of the Board since 2010
Vice Chairman of the Board 2002-2010
Director since 1996
Chairman of SCA and SSAB
Vice Chairman of Ericsson
Director of Svenska Handelsbanken and Skanska.
Background:
Operative within SCA;
1990-2002 President and CEO
1988-1990 CEO
1986-1988 Executive Vice President
1977-1983 Division Manager
1983-1986 Sunds Defibrator, President and CEO
Shareholding: 14,000
Pär Boman
Engineering and Business/Economics degree
Born 1961.
Proposed for board election 2013
President and Group Chief Executive of Handelsbanken
Director of SCA and Swedish Bankers’ Association
Background:
2002-2005 Executive Vice President, Head of Handelsbanken Markets
1998-2002 Executive Vice President, Head of Regional Bank Denmark, Handelsbanken
Employed by Handelsbanken since 1991
Shareholding: -
Christian Caspar
MBA
Born 1951.
Director since 2011
Director of Stena and Bonnier
Background:
2008- 2011McKinsey, Chairman Family Advisory Practice
1998-2006 McKinsey, Chairman Corporate Finance & Strategy Practice
1991-2001 McKinsey, Director Shareholders Committee
1994-2000 McKinsey, Chairman Directors Committee
1989-1994 McKinsey, Chairman Client Impact Committee
1986-1996 Managing Director McKinsey Scandinavia
1980-1986 Managing Director McKinsey Sweden
Shareholding: -
Boel Flodgren
LL.D. Honorary Doctor of Economics. Professor.
Born 1942.
Director since 2002
Background:
2010- Senior Professor of commercial law
1992-2002 President of Lund University
1987-2010 Professor of commercial law
1984-1987 Adjunct professor of commercial law
1982-1984 Adjunct professor of civil law
1979-1982 Associate professor
1976-1978 University lecturer/doctoral candidate
1970-1976 Court clerk, fiscal/doctoral candidate
Shareholding: 1,900
Stuart Graham
MBA, Honorary Doctor of Engineering.
Born 1946.
Director since 2011
Chairman of Skanska
Director of PPL Corporation and Harsco Corporation
Background:
2002–2008 Skanska, President and CEO
1998–2002 Skanska, Vice President
1996–1998 Skanska USA, President
1995–1996 Skanska USA Civil, President
1990–1995 Sordoni Skanska, President
1970–1990 Sordoni Construction Company, management positions
Shareholding: 2,000
Fredrik Lundberg
M.Sc. Eng., MBA, Honorary Doctor of Economics, Honorary Doctor of Engineering
Born 1951.
Director since 2004
President and CEO of L E Lundbergföretagen.
Chairman of Holmen and Hufvudstaden
Vice Chairman of Svenska Handelsbanken.
Director of L E Lundbergföretagen, Sandvik and Skanska.
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981
Shareholding: 5,260,000; related entities 50,000,000
Anders Nyrén
MBA, U.S. MBA.
Born 1954.
President and Chief Executive Officer of Industrivärden
Director since 2001
Chairman of Sandvik and Svenska Handelsbanken
Director of Ericsson (declined re-election), SCA, SSAB (declined re-election), Volvo, Ernströmgruppen, the Stockholm School of Economics, and the Stockholm School of Economics Association
Background:
1997-2001 Skanska, Executive Vice President and CFO
1996-1997 Nordbanken, Director with executive responsibility for Markets and Corporate Finance
1992-1996 Securum, Executive Vice President and CFO
1987-1992 OM International AB, President and CEO
1986-1987 STC Venture AB, President
1984-1987 STC, Executive Vice President and CFO
1983-1984 STC, Controller
1979-1982 AB Wilhelm Becker, executive
Shareholding: 72,150
Independence conditions
Industrivärden's CEO, Anders Nyrén, and Pär Boman are considered to be non-independent in relation to the Company and the Company’s Executive Management. All of the other proposed directors are independent in relation to the Company and its Executive Management. Of these, Christian Caspar, Boel Flodgren, Stuart Graham and Sverker Martin-Löf are independent in relation to the major shareholder.
Assembly
For preparatory work for the election of directors, etc, ahead of the 2012 AGM, the following nominating committee has been appointed: Bo Damberg (Jan Wallanders och Tom Hedelius Stiftelse and others), Ulf Lundahl (L E Lundbergföretagen), Sverker Martin-Löf (Chairman of the Board of Industrivärden), Anders Nyberg (SCA Pension Foundations and others), and Håkan Sandberg (Handelsbanken Pension Foundation and Handelsbanken Pension Fund). The members of the Nominating Committee have been appointed by shareholders who together represent approximately two third of the total number of votes.
Industrivärden’s Annual General Meeting was held on May 4, 2012, in Stockholm.
The proposal and report on the Nominating Committee’s work ahead of the 2012 AGM
Proposal for Board of Directors 2012
The Nominating Committee proposes the following persons for election as Directors on Industrivärdens's Board at Industrivärden's 2012 Annual General Meeting.
The Nominating Committee proposes that Sverker Martin-Löf be elected as Chairman of the Board at the 2012 Annual General Meeting.
Sverker Martin-Löf
M.Sc. Eng., Tech. lic., Honorary Ph.D.
Born 1943.
Chairman of the Board since 2010
Vice Chairman of the Board 2002-2010
Director 1996
Chairman of SCA, Skanska and SSAB
Vice Chairman of Ericsson
Director of Svenska Handelsbanken
Background:
Operative within SCA;
1990-2002 President and CEO
1988-1990 CEO
1986-1988 Executive Vice President
1977-1983 Division Manager
1983-1986 Sunds Defibrator, President and CEO
Shareholding: 14,000
Christian Caspar
MBA.
Born 1951.
Director since 2011
Director of Stena and Bonnier
Background:
2008-2011 McKinsey, Chairman Family Advisory Practice
1998-2006 McKinsey, Chairman Corporate Finance & Strategy Practice
1991-2001 McKinsey, Director Shareholders Committee
1994-2000 McKinsey, Chairman Directors Committee
1989-1994 McKinsey, Chairman Client Impact Committee
1986-1996 Managing Director McKinsey Scandinavia
1980-1986 Managing Director McKinsey Sweden
Shareholding: -
Boel Flodgren
LL.D. Honorary Doctor of Economics. Professor.
Born 1942.
Director since 2002
Director of Brinova Fastigheter
Background:
2010- Senior Professor of commercial law
1992-2002 President of Lund University
1987-2010 Professor of commercial law
1984-1987 Adjunct professor of commercial law
1982-1984 Adjunct professor of civil law
1979-1982 Associate professor
1976-1978 University lecturer/doctoral candidate
1970-1976 Court clerk, fiscal/doctoral candidate
Shareholding: 1,900
Stuart Graham
MBA, Honorary Doctor of Engineering.
Born 1946.
Director since 2011
Director of Skanska, PPL Corporation and Harsco Corporation
Background:
2002–2008 Skanska, President and CEO
1998–2002 Skanska, Vice President
1996–1998 Skanska USA, President
1995–1996 Skanska USA Civil, President
1990–1995 Sordoni Skanska, President
1970–1990 Sordoni Construction Company, management positions
Shareholding: 2,000
Hans Larsson
B.A.
Born 1942.
Director since 2010
Chairman of Svenska Handelsbanken, Attendo and Valedo Partners Fund 1
Director of Holmen
Background:
1992-1999 Nordstjernan, President and CEO
1989-1991 Esselte, President and CEO
1985-1989 Swedish Match, President and CEO
Shareholding: -
Fredrik Lundberg
M.Sc. Eng., MBA, Honorary Doctor of Economics, Honorary Doctor of Engineering.
Born 1951.
Director since 2004
President and CEO of L E Lundbergföretagen.
Chairman of Holmen and Hufvudstaden
Vice Chairman of Svenska Handelsbanken.
Director of L E Lundbergföretagen, Sandvik and Skanska.
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981
Shareholding: 5,260,000; related entities 50,000,000
Anders Nyrén
MBA, U.S. MBA.
Born 1954
President and Chief Executive Officer of Industrivärden
Director since 2001
Chairman of Sandvik
Vice Chairman of Svenska Handelsbanken
Director of Ericsson, SCA, SSAB, Volvo, Ernströmgruppen, the Stockholm School
of Economics, and the Stockholm School of Economics Association
Background:
1997-2001 Skanska, Executive Vice President and CFO
1996-1997 Nordbanken, Director with executive responsibility for Markets and Corporate Finance
1992-1996 Securum, Executive Vice President and CFO
1987-1992 OM International AB, President and CEO
1986-1987 STC Venture AB, President
1984-1987 STC, Executive Vice President and CFO
1983-1984 STC, Controller
1979-1982 AB Wilhelm Becker, executive
Shareholding: 61,550 and call options: 125,000
Independence conditions:
Only Industrivärden's CEO, Anders Nyrén, is considered to be non-independent in relation to the Company. All of the other proposed directors are independent in relation to the Company and its Executive Management. Of these, Christian Caspar, Boel Flodgren, Stuart Graham and Sverker Martin-Löf are independent in relation to the major shareholder.
Assembly
For preparatory work for the election of directors, etc, ahead of the 2011 AGM, the following nominating committee has been appointed: Bo Damberg (Jan Wallanders och Tom Hedelius Stiftelse and others), Ulf Lundahl (L E Lundbergföretagen), Sverker Martin-Löf (Chairman of the Board of Industrivärden), Anders Nyberg (SCA Pension Foundations and others), and Håkan Sandberg (Handelsbanken Pension Foundation and Handelsbanken Pension Fund). The members of the Nominating Committee have been appointed by shareholders who together represent approximately two third of the total number of votes.
The proposal and report on the Nominating Committee’s work ahead of the 2011 AGM
Proposal for Board of Directors 2011
The Nominating Committee proposes the following persons for election as Directors on Industrivärdens's Board at Industrivärden's 2011 Annual General Meeting.
The Nominating Committee proposes that Sverker Martin-Löf be elected as Chairman of the Board at the 2011 Annual General Meeting.
Sverker Martin-Löf
Doctor of Technology, Honorary Ph.D.
Born 1943.
Chairman of the Board since 2010
Vice Chairman of the Board 2002-2010
Director since 2002
Chairman of SCA, Skanska and SSAB.
Vice Chairman of Ericsson
Director of Svenska Handelsbanken
Background:
1977-1983, 1986-2002 SCA in various senior positions
1983-1986 Sunds Defibrator, President and CEO
Shareholding: 14,000
Christian Caspar
MBA
Born 1951.
Proposed as new Director 2011
Director of Stena. Co-opted board member in Bonnier.
Background:
2008-2011 McKinsey, Chairman Family Advisory Practice
1998-2006 McKinsey, Chairman Corporate Finance & Strategy Practice
1991-2001 McKinsey, Director Shareholders Committee
1994-2000 McKinsey, Chairman Directors Committee
1989-1994 McKinsey, Chairman Client Impact Committee
1986-1996 Managing Director McKinsey Scandinavia
1980-1986 Managing Director McKinsey Sweden
Shareholding: -
Boel Flodgren
LL.D. Honorary Doctor of Economics. Professor.
Born 1942.
Director since 2002
Director of Brinova and the University of Copenhagen
Background:
1992-2002 President of Lund University
1987- Professor of commercial law
1984-1987 Adjunct professor of commercial law
1982-1984 Adjunct professor of civil law
1979-1982 Associate professor
1976-1978 University lecturer/doctoral candidate
1970-1976 Court clerk, fiscal/doctoral candidate
Shareholding: 1.900
Stuart Graham
Bachelor of Science in Economics.
Born 1946.
Proposed as new Director 2011
Director of Skanska, Securitas (until May 2011), PPL Corporation and Harsco Corporation.
Background:
2002–2008 Skanska, President and CEO
1998–2002 Skanska, Vice President
1996–1998 Skanska USA, President
1995–1996 Skanska USA Civil, President
1990–1995 Sordoni Skanska, President
1970–1990 Sordoni Construction Company, management positions
Shareholding: -
Hans Larsson
B.A.
Born 1942.
Director since 2010
Chairman of Handelsbanken, Nobia and Attendo, among others
Background:
1992-1999 Nordstjernan, President and CEO
1989-1991 Esselte, President and CEO
1985-1989 Swedish Match, President and CEO
Shareholding: -
Fredrik Lundberg
M.Sc. Eng., MBA, Honorary Doctor of Economics, Honorary Doctor of Engineering
Born 1951.
Director since 2004
President and CEO of L E Lundbergföretagen. Chairman of Holmen and Hufvudstaden
Vice Chairman of Svenska Handelsbanken. Director of L E Lundbergföretagen and Sandvik. Proposed for election in Skanska.
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981
Shareholding: 5,240,000
Anders Nyrén
MBA, U.S. MBA
Born 1954.
President and Chief Executive Officer of Industrivärden
Director since 2001
Chairman of Sandvik
Vice Chairman of Svenska Handelsbanken
Director of Ericsson, SCA, SSAB, Volvo and Ernströmgruppen
Background:
1997-2001 Skanska, Executive Vice President and CFO
1996-1997 Nordbanken, Director with executive responsibility for Markets and Corporate Finance
1992-1996 Securum, Executive Vice President and CFO
1987-1992 OM International AB, President and CEO
1986-1987 STC Venture AB, President
1984-1987 STC, Executive Vice President and CFO
1983-1984 STC, Controller
1979-1982 AB Wilhelm Becker, executive
Shareholding: 61,550 and call options: 125,000
Independence conditions:
Only Industrivärden's CEO, Anders Nyrén, is considered to be non-independent in relation to the Company. All of the other proposed directors are independent in relation to the Company and its Executive Management. Of these, Christian Caspar, Boel Flodgren, Stuart Graham and Sverker Martin-Löf are independent in relation to the major shareholder.
Assembly
For preparatory work for the election of directors, etc, ahead of the 2010 AGM, the following nominating committee has been appointed: Tom Hedelius (Chairman of the Board of Industrivärden), Bo Damberg (Jan Wallanders och Tom Hedelius Stiftelse and others), Håkan Sandberg (Handelsbanken Pension Foundation and Handelsbanken Pension Fund), Ulf Lundahl (L E Lundbergföretagen), and Anders Nyberg (SCA Pension Foundations and others). The members of the Nominating Committee has been appointed by shareholders who together represent approximately two third of the total number of votes.
Industrivärden’s Annual General Meeting was held on May 5, 2010, in Stockholm.
The proposal and report on the Nominating Committee’s work ahead of the 2010 AGM
Proposal for Board of Directors 2010
The Nominating Committee proposes the following persons for election as Directors on Industrivärden's Board at Industrivärden's 2010 Annual General Meeting.
The Nominating Committee proposes that Sverker Martin-Löf be elected as new Chairman of the Board at the 2010 Annual General Meeting.
Sverker Martin-Löf
Doctor of Technology, Honorary Ph.D.
Born 1943.
Vice Chairman of the Board since 2002
Director since 2002
Chairman of SCA, Skanska and SSAB. Vice Chairman of Ericsson and Svenskt Näringsliv
Director of Svenska Handelsbanken
Background:
1977-1983, 1986-2002 SCA in various senior positions
1983-1986 Sunds Defibrator, President and CEO
Shareholding: 14,000
Olof Faxander
M.Sc. Eng., B.A. Econ.
Born 1970.
Director since 2009
President and CEO of SSAB Svenskt Stål AB since 2006
Chairman of Jernkontoret
Background:
2003-2006 Outokumpu Group Oyj, Division Manager, Specialty Stainless Division
2001-2003 Avesta Polarit Oyj, Business Unit Manager, Coil Products Sheffield
1996-2001 Avesta Sheffield AB; Business Unit Manager, Degerfors Stainless, among other positions
Shareholding: 4,000
Boel Flodgren
LL.D. Honorary Doctor of Economics. Professor.
Born 1942.
Director since 2002
Director of Brinova and the University of Copenhagen
Background:
1992-2002 President of Lund University
1987- Professor of commercial law
1984-1987 Adjunct professor of commercial law
1982-1984 Adjunct professor of civil law
1979-1982 Associate professor
1976-1978 University lecturer/doctoral candidate
1970-1976 Court clerk, fiscal/doctoral candidate
Shareholding: 900
Finn Johnsson
MBA, Honorary Doctor of Economics.
Born 1946.
Director since 2000
Chairman of KappAhl, City Airline, Thomas Concrete Group, Luvata Oy, EFG and the West Sweden Chamber of Commerce and Industry
Director of Skanska
Background:
1998-2005 Mölnlycke Health Care AB, President and CEO
1995-1998 United Distillers, President and CEO
1990-1995 Industri AB Euroc, President and CEO
1988-1989 Stora AB, Executive Vice President
1985-1988 Tarkett AB, President and CEO
Shareholding: 20,300
Hans Larsson
B.A.
Born 1942.
Proposed as new Director 2010
Chairman of Handelsbanken, Nobia and Attendo, among others
Background:
1992-1999 Nordstjernan, President and CEO
1989-1991 Esselte, President and CEO
1985-1989 Swedish Match, President and CEO
Shareholding: -
Fredrik Lundberg
M.Sc. Eng., MBA, Honorary Doctor of Economics, Honorary Doctor of Engineering.
Born 1951.
Director since 2004
President and CEO of L E Lundbergföretagen. Chairman of Cardo, Holmen and Hufvudstaden
Vice Chairman of Svenska Handelsbanken and NCC. Director of L E Lundbergföretagen and Sandvik
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981
Shareholding: 4,570,000
Lennart Nilsson
M. Eng., Honorary Doctor of Economics.
Born 1941.
Director since 1997
President of the Crafoord Foundation
Chairman of the Erik Philip Sörensen Foundation, the University of Kalmar and Tacticus. Vice Chairman of Cardo. Director of the Albert Pålsson Foundation for Research and Charity, Kalmar Läns Kapitalförvaltning AB and Malmöhus Invest
Background:
2004- President of the Crafoord Foundation
1997- Consultant in private practice
1994-1997 President and CEO of Cardo AB
1986-1994 President and CEO of Investment AB Cardo
1980-1986 Wilhelm Sonesson AB in various senior positions
1979-1980 President and CEO of Nife Jungner AB
1978-1979 President and CEO of AB Persöner
1965-1978 AB Kockums in various senior positions
Shareholding:6,000
Anders Nyrén
MBA, U.S. MBA.
Born 1954.
President and Chief Executive Officer of Industrivärden
Director since 2001
Vice Chairman of Svenska Handelsbanken and Sandvik. Director of Ericsson, SCA, SSAB, Volvo and Ernströmgruppen. Chairman of the Association of Exchange-Listed Companies and the Association for Generally Accepted Principles in the Securities Market
Background:
1997-2001 Skanska, Executive Vice President and CFO
1996-1997 Nordbanken, Director with executive responsibility for Markets and Corporate Finance
1992-1996 Securum, Executive Vice President and CFO
1987-1992 OM International AB, President and CEO
1986-1987 STC Venture AB, President
1984-1987 STC, Executive Vice President and CFO
1983-1984 STC, Controller
1979-1982 AB Wilhelm Becker, executive
Shareholding: 61,550 and call options: 125,000
Independence conditions:
Olof Faxander is considered to be non-independent in relation to Industrivärden (he is currently CEO of SSAB, in which Industrivärden owns more than 10% of the shares, which is why it is considered to be a related company to Industrivärden). Otherwise only Industrivärden's CEO, Anders Nyrén, is considered to be non-independent in relation to the Company. All of the other proposed directors are independent in relation to the Company and its Executive Management. Of these, Boel Flodgren, Finn Johnsson, Sverker Martin-Löf and Lennart Nilsson are independent in relation to the major shareholders.
Assembly
For preparatory work for the election of directors, etc, ahead of the 2009 AGM, the following nominating committee has been appointed: Tom Hedelius (Chairman of the Board of Industrivärden), Bo Damberg (Jan Wallanders och Tom Hedelius Stiftelse and others), Håkan Sandberg; Nominating Committee Chairman(Handelsbanken Pension Foundation and Handelsbanken Pension Fund), Ulf Lundahl (L E Lundbergföretagen), and Anders Nyberg (SCA Pension Foundations and others). The members of the Nominating Committee has been appointed by shareholders who together represent approximately two third of the total number of votes.
Industrivärden’s Annual General Meeting was held on May 8, 2009, in Stockholm.
The proposal and report on the Nominating Committee’s work ahead of the 2009 AGM
Proposal for Board of Directors 2009
The Nominating Committee recommended the following persons for election as Directors on Industrivärden's Board at Industrivärden's 2009 Annual General Meeting
Tom Hedelius
MBA, Honorary Doctor of Economics
Born 1939.
Chairman of the Board since 2002.
Director since 1991.
Chairman of BB Tools, Jan Wallanders och Tom Hedelius stiftelse and Anders Sandrews stiftelse.
Vice Chairman of Addtech and Lagercrantz Group.
Director of L E Lundbergföretagen, SCA and Volvo, among other companies.
Honorary Chairman of Svenska Handelsbanken.
Background:
1991-2001 Svenska Handelsbanken, Chairman of the Board
1978-1991 Svenska Handelsbanken, President and CEO
1976-1978 Svenska Handelsbanken, Head of Central Credit department
1974-1976 Svenska Handelsbanken, Vice President and Head of Stockholm City Regional Bank
1969-1974 Svenska Handelsbanken, Credit Director
1967-1969 Svenska Handelsbanken, Industrial expert
1965-1967 Industrikredit
Shareholding: 20,000
Sverker Martin-Löf
Doctor of Technology, Honorary Ph.D.
Born 1943.
Vice Chairman of the Board since 2002.
Director since 2002.
Chairman of SCA, Skanska and SSAB.
Vice Chairman of Ericsson and Svenskt Näringsliv.
Director of Svenska Handelsbanken.
Background:
1977-1983, 1986-2002 SCA in various senior positions.
1983-1986 Sunds Defibrator, President and CEO
Shareholding: 14,000
Olof Faxander
M.Sc. Eng., B.A. Econ.
Born 1970.
Proposed as Director at the 2009 AGM.
President and CEO of SSAB Svenskt Stål AB since 2006.
Chairman of Jernkontoret.
Background:
2003-2006 Outokumpu Group Oyj, Division Manager, Specialty Stainless Division.
2001-2003 Avesta Polarit Oyj, Business Unit Manager, Coil Products Sheffield.
1996-2001 Avesta Sheffield AB, among others; Business Unit Manager, Degerfors Stainless.
Boel Flodgren
LL.D. Honorary Doctor of Economics. Professor.
Born 1942.
Director since 2002.
Director of Brinova, the University of Oslo and the University of Copenhagen.
Background:
1992-2002 President of Lund University
1987- Professor of commercial law
1984-1987 Adjunct professor of commercial law
1982-1984 Adjunct professor of civil law
1979-1982 Associate professor
1976-1978 University lecturer/doctoral candidate
1970-1976 Court clerk, fiscal/ doctoral candidate
Shareholding: 600
Finn Johnsson
MBA, Honorary Doctor of Economics.
Born 1946.
Director since 2000.
Chairman of Volvo, KappAhl, City Airline, Thomas Concrete Group, Luvata Oy and EFG.
Director of Skanska.
Background:
1998-2005 Mölnlycke Health Care AB, President and CEO
1995-1998 United Distillers, President and CEO
1990-1995 Industri AB Euroc, President and CEO
1988-1989 Stora AB, Executive Vice President
1985-1988 Tarkett AB, President and CEO
Shareholding: 20,300.
Fredrik Lundberg
M.Sc. Eng., MBA, Honorary Doctor of Economics, Honorary Doctor of Engineering.
Born 1951.
Director since 2004.
President and CEO of L E Lundbergföretagen.
Chairman of Cardo, Holmen and Hufvudstaden. Vice Chairman of Svenska Handelsbanken and NCC.
Director of L E Lundbergföretagen and Sandvik.
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981.
Shareholding: 4,570,000
Lennart Nilsson
M. Eng., Honorary Doctor of Economics.
Born 1941.
Director since 1997.
President of the Crafoord Foundation.
Chairman of the Erik Philip Sörensen Foundation, the University of Kalmar and Tacticus.
Vice Chairman of Cardo.
Director of AMF Pension, the Albert Pålsson Foundation for Research and Charity, Kalmar Läns Kapitalförvaltning AB and Malmöhus Invest.
Background:
2004- President of the Crafoord Foundation
1997- Consultant in private practice
1994-1997 President and CEO of Cardo AB
1986-1994 President and CEO of Investment AB Cardo
1980-1986 Wilhelm Sonesson AB in various senior positions
1979-1980 President and CEO of Nife Jungner AB
1978-1979 President and CEO of AB Persöner
1965-1978 AB Kockums in various senior positions
Shareholding: 6,000
Anders Nyrén
MBA, U.S. MBA.
Born 1954.
President and Chief Executive Officer of Industrivärden.
Director since 2001.
Vice Chairman of Svenska Handelsbanken and Sandvik.
Director of Ericsson, SCA, Skanska, SSAB and Ernströmgruppen.
Chairman of the Association of Exchange-Listed Companies and the Association for Generally Accepted Principles in the Securities Market.
Background:
1997-2001 Skanska, Executive Vice President and CFO
1996-1997 Nordbanken, Director with executive responsibility for Markets and Corporate Finance
1992-1996 Securum, Executive Vice President and CFO
1987-1992 OM International AB, President and CEO
1986-1987 STC Venture AB, President
1984-1987 STC, Executive Vice President and CFO
1983-1984 STC, Controller
1979-1982 AB Wilhelm Becker
Shareholding: 61,550 and call options: 125,000
Independence conditions
Olof Faxander is considered to be non-independent in relation to Industrivärden (he is currently CEO of SSAB, in which Industrivärden owns more than 10% of the shares, which is why it is considered to be related company to Industrivärden). Otherwise only Industrivärden's CEO, Anders Nyrén, is considered to be non-independent in relation to the Company. All of the other proposed directors are independent in relation to the Company and Executive Management. Of these, Boel Flodgren, Finn Johnsson, Sverker Martin-Löf and Lennart Nilsson are independent in relation to the major shareholders.
Assembly
For preparatory work for the election of directors, etc, ahead of the 2008 AGM, the following nominating committee has been appointed: Tom Hedelius (Chairman of the Board of Industrivärden), Bo Damberg (Jan Wallanders och Tom Hedelius Stiftelse and others), Håkan Sandberg; Nominating Committee Chairman(Handelsbanken Pension Foundation and Handelsbanken Pension Fund), Ulf Lundahl (L E Lundbergföretagen), and Anders Nyberg (SCA Pension Foundations and others). The members of the Nominating Committee has been appointed by shareholders who together represent approximately two third of the total number of votes.
Industrivärden’s Annual General Meeting was held on April 15, 2008, in Stockholm.
The proposal and report on the Nominating Committee’s work ahead of the 2008 AGM
Proposal for Board of Directors 2008
Adjusted 3 April 2008. The Nominating Committee recommended the following persons for election as Directors on Industrivärden's Board at Industrivärden's 2008 Annual General Meeting.
Tom Hedelius
MBA, Honorary Doctor of Economics
Born 1939.
Chairman of the Board since 2002.
Director since 1991.
Chairman of B&B Tools, Jan Wallanders och Tom Hedelius stiftelse and Anders Sandrews stiftelse.
Vice Chairman of Addtech and Lagercrantz Group.
Director of L E Lundbergföretagen, SCA and Volvo, among other companies.
Honorary Chairman of Svenska Handelsbanken.
Background:
1991-2001 Svenska Handelsbanken, Chairman of the Board
1978-1991 Svenska Handelsbanken, President and CEO
1976-1978 Svenska Handelsbanken, Head of Central Credit department
1974-1976 Svenska Handelsbanken, Vice President and Head of Stockholm City Regional Bank
1969-1974 Svenska Handelsbanken, Credit Director
1967-1969 Svenska Handelsbanken, Industrial expert
1965-1967 Industrikredit
Shareholding: 20,000
Boel Flodgren
LL.D. Honorary Doctor of Economics. Professor.
Born 1942.
Director since 2002.
Chairman of the Research Council of E.ON Sweden.
Director of Brinova, the University of Oslo and the University of Copenhagen.
Background:
1992-2002 President of Lund University
1987- Professor of commercial law
1984-1987 Adjunct professor of commercial law
1982-1984 Adjunct professor of civil law
1979-1982 Associate professor
1976-1978 University lecturer/doctoral candidate
1970-1976 Court clerk, fiscal/ doctoral candidate
Shareholding: 600
Finn Johnsson
MBA, Honorary Doctor of Economics.
Born 1946.
Director since 2000.
Chairman of Volvo, KappAhl, City Airline, Thomas Concrete Group, Unomedical A/S, Luvata Oy and EFG.
Director of Skanska.
Background:
1998-2005 Mölnlycke Health Care AB, President and CEO
1995-1998 United Distillers, President and CEO
1990-1995 Industri AB Euroc, President and CEO
1988-1989 Stora AB, Executive Vice President
1985-1988 Tarkett AB, President and CEO
Shareholding: 10,000.
Fredrik Lundberg
M.Sc. Eng., MBA, Honorary Doctor of Economics, Honorary Doctor of Engineering.
Born 1951.
Director since 2004.
President and CEO of L E Lundbergföretagen.
Chairman of Cardo, Holmen and Hufvudstaden.
Director of Svenska Handelsbanken, L E Lundbergföretagen, NCC and Sandvik.
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981.
Shareholding: 4,570,000
Sverker Martin-Löf
Doctor of Technology, Honorary Ph.D.
Born 1943.
Vice Chairman of the Board since 2002.
Director since 2002.
Chairman of SCA, Skanska and SSAB.
Vice Chairman of Ericsson.
Director of Svenska Handelsbanken.
Background:
1977-1983, 1986-2002 SCA in various senior positions.
1983-1986 Sunds Defibrator, President and CEO
Shareholding: 14,000.
Lennart Nilsson
M. Eng., Honorary Doctor of Economics.
Born 1941.
Director since 1997.
President of the Crafoord Foundation.
Chairman of the Erik Philip Sörensen Foundation and the University of Kalmar.
Vice Chairman of Cardo.
Director of AMF Pension, the Albert Pålsson Foundation for Research and Charity, Kalmar Läns Kapitalförvaltning AB and Malmöhus Invest.
Background:
2004- President of the Crafoord Foundation
1997- Consultant in private practice
1994-1997 President and CEO of Cardo AB
1986-1994 President and CEO of Investment AB Cardo
1980-1986 Wilhelm Sonesson AB in various senior positions
1979-1980 President and CEO of Nife Jungner AB
1978-1979 President and CEO of AB Persöner
1965-1978 AB Kockums in various senior positions
Shareholding: 6,000
Anders Nyrén
MBA, U.S. MBA.
Born 1954.
President and Chief Executive Officer of Industrivärden.
Director since 2001.
Vice Chairman of Svenska Handelsbanken and Sandvik.
Director of Ericsson, SCA, Skanska, SSAB and Ernströmgruppen.
Chairman of the Association of Exchange-Listed Companies and the Association for Generally Accepted Principles in the Securities Market.
Background:
1997-2001 Skanska, Executive Vice President and CFO
1996-1997 Nordbanken, Director with executive responsibility for Markets and Corporate Finance
1992-1996 Securum, Executive Vice President and CFO
1987-1992 OM International AB, President and CEO
1986-1987 STC Venture AB, President
1984-1987 STC, Executive Vice President and CFO
1983-1984 STC, Controller
1979-1982 AB Wilhelm Becker
Shareholding: 61,550
Directors' independence
All directors except for Chairman Tom Hedelius, who has been a member of the Board for more than 12 years, and CEO Anders Nyrén are independent in relation to Industrivärden. Of the board members who are independent in relation to Industrivärden, Boel Flodgren, Finn Johnson, Sverker Martin-Löf and Lennart Nilsson are also independent in relation to Industrivärden’s major shareholders. Only one board member, CEO Anders Nyrén, is a member of the executive management.
Assembly
For preparatory work for the election of directors, etc, ahead of the 2007 AGM, the following nominating committee has been appointed: Accordingly, the following persons served as members of the Nominating Committee: Tom Hedelius (Chairman of Industrivärden), Christer Elmehagen (AMF Pension), Curt Källströmer (Handelsbanken), Ulf Lundahl (L E Lundbergföretagen) and Anders Nyberg (SCA). The Nominating Committee appointed Curt Källströmer as committee chair.
Industrivärden’s Annual General Meeting was held on March 27, 2007, in Stockholm.
The proposal and report on the Nominating Committee’s work ahead of the 2007 AGM
Proposal for Board of Directors 2007
The Nominating Committee recommended the following persons for election as Directors on Industrivärden's Board at Industrivärden's 2007 Annual General Meeting.
Tom Hedelius
MBA, Honorary Doctor of Economics
Born 1939.
Chairman of the Board since 2002. Director since 1991.
Chairman of Bergman & Beving and the Anders Sandrews Foundation. Vice Chairman of Addtech, Lagercrantz Group and the Jan Wallanders & Tom Hedelius Foundation. Director of L E Lundbergföretagen, SCA and Volvo, among other companies. Honorary Chairman of Svenska Handelsbanken.
Background:
1991-2001 Svenska Handelsbanken, Chairman of the Board
1978-1991 Svenska Handelsbanken, President and CEO
1976-1978 Svenska Handelsbanken, Head of Central Credit department
1974-1976 Svenska Handelsbanken, Vice President and Head of Stockholm City Regional Bank
1969-1974 Svenska Handelsbanken, Credit Director
1967-1969 Svenska Handelsbanken, Industrial expert
1965-1967 Industrikredit
Shareholding: 10,000
Boel Flodgren
LL.D. Honorary Doctor of Economics. Professor.
Born 1942.
Director since 2002.
Chairman of Research Council of E.ON Sverige.
Director of Brinova, the University of Oslo and the University of Copenhagen.
Background:
1992-2002 President of LundUniversity
1987- Professor of commercial law
1984-1987 Adjunct professor of commercial law
1982-1984 Adjuct professor of civil law
1979-1982 Associate professor
1976-1978 University lecturer/doctoral candidate
1970-1976 Court clerk, fiscal; doctoral candidate
Shareholding: 100
Finn Johnsson
MBA
Born 1946.
Director since 2000.
Chairman of Volvo, KappAhl, City Airline, Tho¬mas Concrete Group, Uno¬medical A/S and Luvata Oy.
Director of Skanska.
Background:
1998-2005 Mölnlycke Health Care AB, President and CEO
1995-1998 United Distillers, President and CEO
1990-1995 Industri AB Euroc, President and CEO
1988-1989 Stora AB, Executive Vice President
1985-1988 Tarkett AB, President
Shareholding: 2,000
Fredrik Lundberg
M.Sc. Eng., MBA, Honorary Doctor of Economics, Honorary Doctor of Engineering.
Born 1951.
Director since 2004.
President and CEO of L E Lundbergföretagen. Chairman of Cardo, Holmen and Hufvudstaden. Director of Svenska Handelsbanken, L E Lund¬bergföretagen, NCC and Sandvik.
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981.
Shareholding: 2,160,000
Sverker Martin-Löf
Doctor of Technology, Honorary Ph.D.
Born 1943.
Vice Chairman of the Board since 2002. Director since 2002.
Chairman of SCA, Skanska and SSAB. Vice Chairman of Ericsson. Board member of Svenska Handelsbanken.
Background:
1977-1983, 1986-2002 SCA in various senior positions.
1983-1986 Sunds Defibrator, President and CEO
Shareholding: 7,000
Lars O Grönstedt
MBA, Bachelor in social science.
Born 1954.
Director since 2006.
Chairman of Handelsbanken. Vice Chairman of Stockholms Chamber of Comerce.
Board member of the Fritt Näringsliv Foundation, the Tore Browaldh foundation and the Jan Wallanders & Tom Hedelius Foundation.
Background:
2001-2006 President and CEO of Handelsbanken
1997-2000 Vice Executive President, President of Centrala Utvecklingsavdelningen and Dataavdelningen
1992-1997 Head of equities management
1983-1992 Positions at Handelsbankens head office and RegionbankStockholmCity
Shareholding: -
Lennart Nilsson
M. Eng., Honorary Doctor of Economics.
Born 1941.
Director since 1997.
President of the Crafoord Foundation. Chairman of the Erik Philip Sören¬sen Foundation, the Univerity of Kalmar and Malmöhus Invest. Vice Chairman of Cardo. Director of AMF Pen¬sion, the Albert Pålsson Foundation for Research and Charity and Kalmar Län Capital Management.
Background:
2004- President of the Crafoord Foundation
1997- Consultant in private practice
1994-1997 President and CEO of CardoAB
1986-1994 President and CEO of Investment AB Cardo
1980-1986 Wilhelm Sonesson AB in various senior positions
1979-1980 President and CEO of Nife Jungner AB
1978-1979 President and CEO of AB Persöner
1965-1978 AB Kockums in various senior positions
Shareholding: 3,000
Anders Nyrén
MBA, U.S. MBA.
Born 1954, Bromma.
President and CEO of Industri¬värden. Director since 2001.
Vice Chairman of Svenska Handelsbanken and Sandvik. Director of Ericsson, SCA, Skanska, SSAB and Ern¬strömgruppen. Chairman of the Association of Exchange-Listed Companies and the Association for Generally Accepted Principles in the Securities Market.
Background:
1997-2001 Skanska, Executive Vice President and CFO
1996-1997 Nordbanken, Director with executive responsibility for Markets and Corporate Finance
1992-1996 Securum, Executive Vice President and CFO
1987-1992 OM International AB, President and CEO
1986-1987 STC VentureAB, President
1984-1987 STC, Executive Vice President and CFO
1983-1984 STC, Controller
1979-1982 AB Wilhelm Becker
Shareholding: 26,575. Employee stock options: 50,000
Assembly
For preparatory work for the election of directors, etc, ahead of the 2006 AGM, the following nominating committee has been appointed: Tom Hedelius, Chairman of the Board of Industrivärden; Christer Elmehagen, AMF Pension; Curt Källströmer, Handelsbanken; Ulf Lundahl, L E Lundbergföretagen; and Anders Nyberg, SCA pension foundations and others.
Industrivärden’s Annual General Meeting was held on May 8, 2006, in Stockholm.
The proposal and report on the Nominating Committee’s work ahead of the 2006 AGM
Proposal for Board of Directors 2006
The Nominating Committee recommended the following persons for election as Directors on Industrivärden's Board at Industrivärden's 2006 Annual General Meeting.
Tom Hedelius
MBA, Honorary Doctor of Economics
Born 1939.
Chairman of the Board since 2002. Director since 1991.
Chairman of Bergman & Beving and the Anders Sandrews Foundation. Vice Chairman of Addtech, Lagercrantz Group and the Jan Wallanders & Tom Hedelius Foundation. Director of L E Lundbergföretagen, SCA and Volvo, among other companies. Honorary Chairman of Svenska Handelsbanken.
Background:
1991-2001 Svenska Handelsbanken, Chairman of the Board
1978-1991 Svenska Handelsbanken, President and CEO
1976-1978 Svenska Handelsbanken, Head of Central Credit department
1974-1976 Svenska Handelsbanken, Vice President and Head of Stockholm City Regional Bank
1969-1974 Svenska Handelsbanken, Credit Director
1967-1969 Svenska Handelsbanken, Industrial expert
1965-1967 Industrikredit
Shareholding: 10,000
Boel Flodgren
LL.D. Honorary Doctor of Economics. Professor.
Born 1942.
Director since 2002.
Chairman of Research Council of E.ON Sverige.
Director of Brinova, the University of Oslo and the University of Copenhagen.
Background:
1992-2002 President of LundUniversity
1987- Professor of commercial law
1984-1987 Adjunct professor of commercial law
1982-1984 Adjuct professor of civil law
1979-1982 Associate professor
1976-1978 University lecturer/doctoral candidate
1970-1976 Court clerk, fiscal; doctoral candidate
Shareholding: 100
Finn Johnsson
MBA
Born 1946.
Director since 2000.
Chairman of Volvo, KappAhl, City Airline, Tho¬mas Concrete Group, Uno¬medical A/S and Luvata Oy.
Director of Skanska.
Background:
1998-2005 Mölnlycke Health Care AB, President and CEO
1995-1998 United Distillers, President and CEO
1990-1995 Industri AB Euroc, President and CEO
1988-1989 Stora AB, Executive Vice President
1985-1988 Tarkett AB, President
Shareholding: 2,000
Fredrik Lundberg
M.Sc. Eng., MBA, Honorary Doctor of Economics, Honorary Doctor of Engineering.
Born 1951.
Director since 2004.
President and CEO of L E Lundbergföretagen. Chairman of Cardo, Holmen and Hufvudstaden. Director of Svenska Handelsbanken, L E Lund¬bergföretagen, NCC and Sandvik.
Background:
Active in L E Lundbergföretagen since 1977, President and CEO since 1981.
Shareholding: 2,160,000
Sverker Martin-Löf
Doctor of Technology, Honorary Ph.D.
Born 1943.
Vice Chairman of the Board since 2002. Director since 2002.
Chairman of SCA, Skanska and SSAB. Vice Chairman of Ericsson. Board member of Svenska Handelsbanken.
Background:
1977-1983, 1986-2002 SCA in various senior positions.
1983-1986 Sunds Defibrator, President and CEO
Shareholding: 7,000
Lars O Grönstedt
MBA, Bachelor in social science.
Born 1954.
Director since 2006.
Chairman of Handelsbanken. Vice Chairman of Stockholms Chamber of Comerce.
Board member of the Fritt Näringsliv Foundation, the Tore Browaldh foundation and the Jan Wallanders & Tom Hedelius Foundation.
Background:
2001-2006 President and CEO of Handelsbanken
1997-2000 Vice Executive President, President of Centrala Utvecklingsavdelningen and Dataavdelningen
1992-1997 Head of equities management
1983-1992 Positions at Handelsbankens head office and RegionbankStockholmCity
Shareholding: -
Lennart Nilsson
M. Eng., Honorary Doctor of Economics.
Born 1941.
Director since 1997.
President of the Crafoord Foundation. Chairman of the Erik Philip Sören¬sen Foundation, the Univerity of Kalmar and Malmöhus Invest. Vice Chairman of Cardo. Director of AMF Pen¬sion, the Albert Pålsson Foundation for Research and Charity and Kalmar Län Capital Management.
Background:
2004- President of the Crafoord Foundation
1997- Consultant in private practice
1994-1997 President and CEO of CardoAB
1986-1994 President and CEO of Investment AB Cardo
1980-1986 Wilhelm Sonesson AB in various senior positions
1979-1980 President and CEO of Nife Jungner AB
1978-1979 President and CEO of AB Persöner
1965-1978 AB Kockums in various senior positions
Shareholding: 3,000
Anders Nyrén
MBA, U.S. MBA.
Born 1954.
President and CEO of Industri¬värden. Director since 2001.
Vice Chairman of Svenska Handelsbanken and Sandvik. Director of Ericsson, SCA, Skanska, SSAB and Ern¬strömgruppen. Chairman of the Association of Exchange-Listed Companies and the Association for Generally Accepted Principles in the Securities Market.
Background:
1997-2001 Skanska, Executive Vice President and CFO
1996-1997 Nordbanken, Director with executive responsibility for Markets and Corporate Finance
1992-1996 Securum, Executive Vice President and CFO
1987-1992 OM International AB, President and CEO
1986-1987 STC VentureAB, President
1984-1987 STC, Executive Vice President and CFO
1983-1984 STC, Controller
1979-1982 AB Wilhelm Becker
Shareholding: 26,575 and stock options: 50,000