Board of Directors and Comittee

The Board of Directors is PE’s highest administrative body during the AGM and bears ultimate responsibility for management and the organisation of the company’s operations. The Board monitors the company’s operations and management, and makes decisions on key issues relating to such areas as strategy, investments, organisation and financial matters. The Board has two permanent committees – the Audit Committee and the Remuneration Committee.

The work of the Board is regulated by a set of procedures that is adopted annually by the Board. The set of procedures dictates the allocation of work and responsibility between the members of the Board, the Chairman and CEO, and includes financial reporting procedures for the CEO. The Board also adopts instructions for the Board’s committees.

PE’s Board comprises seven members elected by the AGM, including the Chairman, and no deputies. The Chief Executive Officer is not a member of the Board, but is co-opted to all Board meetings. The company’s Chief Financial Officer is secretary to the Board. The members elected by the AGM and the Board’s Chairman were elected by the AGM on 5 May 2022 for the period extending up until the next AGM.

Audit Committee

The company’s Audit Committee consists of four representatives from the Board of Directors. The members of the committee are elected by the Board and their role is to prepare for the Board’s work by providing quality assurance of the company’s financial reporting.

The committee has continual contact with the company’s auditors in order to keep informed about the focus and extent of the audit and to discuss their view of the risks to which the company is exposed. The Audit Committee is also tasked with establishing guidelines regarding other services besides the audit that the company may procure from the company’s auditors, evaluating the audit process and communicating this information to the Nomination Committee, as well as assisting the Nomination Committee in the presentation of proposals regarding auditors and auditors’ fees.

The members of the company’s Audit Committee are Peter Sandberg (chair), Per-Arne Gustavsson, Jon Risfelt and Christina Ragsten.

Remuneration Committee

The Audit Committee consists of four representatives from the Board of Directors. The committee is primarily tasked with preparing the Board’s decisions on matters such as remuneration principles, remuneration and other employment terms and conditions for company management and other senior executives.

Furthermore, the Remuneration Committee shall monitor and evaluate variable remuneration programmes for company management that are ongoing or that have been concluded during the year; monitor and evaluate the application of the guidelines for remuneration to senior executives that the AGM is required to resolve on by law and regarding remuneration structures and remuneration levels in the Group.

The Remuneration Committee consists of Carina Malmgren Heander (chair), Per-Arne Gustavsson, Jon Risfelt and Peter Sandberg.

Board of Directors and Comittee

Per-Arne Gustavsson

Chairman of the Board. Member since 2018. Chairman of the Board from May 2019 to September 2019. Born 1952. Chairman of the Board and CEO of Projektengagemang from 2006 until 2015 and acting CEO from September 2019 to December 2020, employed by the company since 2006. Not independent in relation to the company’s major shareholders.

Education: Master of Science from KTH Royal Institute of Technology
Other roles: Chairman of Projektengagemang Holding i Stockholm AB, Projektengagemang Förvaltning i Stockholm AB, Pagator AB
Shareholding: 2,216,048 A shares and 445,274 B shares indirectly owned via Projektengagemang Holding i Stockholm AB and 100,000 B shares owned privately

Per Göransson

Member of the Board. Board member since 2006. Born 1953. Acting Chairman of the Board September 2019 to December 2020. Employed by the company since 2006. Not independent in relation to the company and management; not independent in relation to the company’s major shareholders.

Education: Master of Science from KTH Royal Institute of Technology
Other roles: Board member of G-Trading AB, Projektengagemang Holding AB and Projektengagemang Förvaltning AB
Shareholding: 2,175,628 A shares and 437,152 B shares indirectly owned via Projektengagemang Holding i Stockholm AB and G-Trading AB

Lars Erik Blom

Board member and member of the Audit Committee. Member since 2016. Born 1960. Independent in relation to the company and management; independent in relation to the company’s major shareholders.

Education: MSc in Economics and Business, Stockholm University
Other roles: CEO of LK Finans AB and several Board positions within LK Finans AB’s investment operations, Board member of FM Mattsson Mora Group, Its Nordic AB, TSS Holding AB, Uniwater AB, Delgivningsbyrån DeltraKravek AB, JEFF fastigheter AB, Tryggkredit Stockholm AB, Nextory AB, Visera AB, Novovent Modul AB and member of FM Mattsson Mora Group’s Audit Committee and Chairman of LK-gruppen
Shareholding: 186,738 B shares indirectly via LK Finans AB

Carina Malmgren Heander

Board member. Member since 2017. Born 1959. Independent in relation to the company and management; independent in relation to the company’s major shareholders.

Education: MSc in Economics and Business from Linköping University
Other roles: Group Director and Chief of Staff at SAS Group. Chair of the Board of Svenska Flygbranschen AB, Board member of the Confederation of Swedish Enterprise (Svenskt Näringsliv), Board member of Transportföretagen AB and Board member of Timezynk AB
Shareholding: 0

Christina Ragsten

Board member. Member since 2020. Born 1958. Independent in relation to the company and management; independent in relation to the company’s major shareholders.

Education: Master of Science in Business and Economics from Stockholm University
Other roles: Board member of Forex Bank AB, Chairman of the Risk Committee and member of the Remuneration Committee, Chairman of the Board of Naventi Fonder AB
Shareholding: 4 017 B shares

Jon Risfelt

Board member. Member since 2020. Born 1961. Independent in relation to the company and management; independent in relation to the company’s major shareholders.

Education: Master of Science in Chemical Engineering from KTH Royal Institute of Technology
Other roles: Board member of Axentia Group Holding AB, CAB Group AB and Knowit AB (publ.) Board member of Bilia AB (publ.), Boule Diagnostics AB (publ.)
Shareholding: 10 030 B shares

Peter Sandberg

Member of the Board. Board member since 2022. Born 1970. Employed by the company since 2007. Not independent in relation to the company, the board and the company’s major shareholders.

Education: MSc in Economics and Business from Uppsala University
Other roles: CFO in Projektengagemang Sweden AB. Chairman of Heroine Holding AB, Deputy board memberin Projektengagemang Holding in Stockholm AB
Shareholding: 309 000 A shares and 58 250 B privately owned and indirectly via Heroine Holding AB