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. Not independent in relation to the Company and management, and not independent of the Company’s major shareholders

Education: M.Sc. in Engineering from KTH Royal Institute of Technology
Other roles: Chair of Projektengagemang Holding i Stockholm AB, Projektengagemang Förvaltning i Stockholm AB, Pagator AB
Previous roles/positions: President and CEO Projektengagemang Sweden AB from 2006 to September 2017, and from September 2019 to December 2020. Chair of the Board of Projektengagemang Sweden AB during the period 2006 to 2015, and May 2019 to September 2019. Employed at Projektengagemang Sweden AB during the period January 2006 to July 2018 and September 2019 to December 2020
Shareholding: 2,216,048 A shares and445,274 B shares indirectly owned via Projektengagemang Holding i Stockholm AB and 100,000 B shares owned privately

Per Göransson

Board member. Board member since 2006. Not independent in relation to the Company and management, and not independent in relation to the Company’s major shareholders

Education: M.Sc. in Engineering from KTH Royal Institute of Technology
Other roles: Board member of G-Trading AB, Projektengagemang Holding AB and Projektengagemang Förvaltning AB
revious roles/positions: Deputy CEO Projektengagemang Sweden AB until April 2018 and member of the Board of several companies in the Group. Chair of the Board Projektengagemang Sweden AB between September 2019 and December 2020. Employed at Projektengagemang Sweden AB until July 2018
Shareholding: 2,175,628 class A shares and 437,152 class B shares indirectly owned via Projektengagemang Holding i Stockholm AB and
G-Trading AB

Lars Erik Blom

Board member. Member since 2016. Independent of the Company and Company management and in relation to the Company’s major shareholders

Education: MSc in Economics and Business from Stockholm University
Other roles: CEO of LK Finans AB and several Board positions within LK Finans AB’s investment business, Board member of FM Mattsson Group, Its Nordic AB, TSS Holding AB, Delgivningsbyrån DeltraKravek AB, JEFF fastigheter AB, Bliq AB, Nextory AB, Visera AB,
Novovent Modul AB, member of FM Mattsson Group’s Audit Committee and Chair of LK-gruppen
Previous roles/positions: Board member Järntorget Byggintressenter AB, Board member Connecting Capital AB,
Chair of the Board of LK System AB and LK Pex AB
Shareholding: 186,738 B shares indirectly via LK Finans AB

Carina Malmgren Heander

Board member. Member since 2017. Independent of the Company and Company management and in relation to the Company’s major shareholders

Education: M.Sc. 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, Board member of Transportföretagen AB and Timezynk AB
Previous roles/positions: Senior Vice President Electrolux AB, several senior positions in HR and the businesses Electrolux AB, Sandvik AB and ABB AB. Member of the Board of Cardo AB, S-invest AB and Svedbergs AB
Shareholding: 0

Christina Ragsten

Board member. Member since 2020. Independent of the Company and Company management and in relation to the Company’s major shareholders

Education: M.Sc. in Business and Economics from Stockholm University
Other roles: Vice Chair of the Board of Forex Bank AB, Chair of the Risk Committee and member of the Remuneration Committee, Chair of the Board of Naventi Fonder AB
Previous roles/positions: Head of Group Planning and Strategy Support Nordea Bank AB, Director at the Ministry of Finance, management consultant Indevo AB, InterPares Konsult AB, Cap Gemini AB, Group Controller at AB Sporrong, member of the Board of Sundbybergs Stadshus AB, member of the Board of HiQ International AB, Deputy Chair of the Board of SBAB, member of the Board of Vasakronan AB, Posten AB
and SOS Alarm
Shareholding: 4 017 B shares

Jon Risfelt

Board member. Member since 2020. Independent of the Company and Company management and in relation to the Company’s major shareholders

Education: M.Sc. in Engineering from KTH Royal Institute of Technology
Other roles: Chair of the Board of Axentia Group Holding AB, CAB Group AB, Knowit AB (publ) and SOS International A/S, Board member of Bilia AB (publ), Boule Diagnostics AB (publ)
Previous roles/positions: CEO of Gambro Renal Products, Europolitan & Vodafone Sweden, American Express Business Travel Nordic countries and Nyman & Schultz Sweden AB. Board assignments at TeliaSonera AB, Braganza AB, Dialect AB, ENEA AB, Excanto AB, ÅF AB, Cybercom AB, KaroBio AB and others
Shareholding: 10 030 B shares

Peter Sandberg

Member of the Board. Board member since 2022. Not independent in relation to the Company and management, and not independent in relation to the Company’s major shareholders

Education: M.Sc. in Economics and Business from Uppsala University
Other roles: Chair of the Board and owner of Heroine Holding AB, Deputy member of the Board of Projektengagemang Holding i Stockholm AB
Previous roles/positions: CFO and Deputy CEO of Projektengagemang Sweden AB until July and May 2022, respectively. Employed at Projektengagemang Sweden AB between 2007 and July 2022. ÅF, divisional CFO for various divisions including Board assignments in foreign subsidiaries from 1996 until 2007
Shareholding: 309,000 class A shares and 58,250 class B shares, privately and via companies