Board of Directors

Johan Molin

Johan Molin

Chairman of the Board since 2015

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Born 1959.

Chairman of the Remuneration Committee.

Education and business experience

M.Sc. in Business and Economics, Stockholm School of Economics. President and CEO of ASSA ABLOY since 2005. President and CEO of Nilfisk-Advance 2001–2005 and various positions within Atlas Copco 1983–2001.

Current Board assignments

Board member of ASSA ABLOY AB.

Shareholding in Sandvik (own and closely related persons)

260,000 as well as 1,000,000 call options.

Jennifer Allerton

Jennifer Allerton

Board member since 2015

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Born 1951

Education and business experience

M.Sc. in Physics and B.Sc.s in Mathematics, Physical Sciences and Geosciences. Chief Information Officer at F. Hoffmann-La Roche Ltd 2002–2012, Technology Director at Barclaycard 1999–2002 and various positions at ServiceNet, USA, BOC (now Linde), Cable & Wireless Business Networks and Unilever plc.

Current Board assignments

Board member of Iron Mountain Inc and AVEVA Group plc.

Shareholding in Sandvik (own and closely related persons)

10,000

Claes Boustedt

Claes Boustedt

Board member since 2015

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Born 1962

Chairman of the Audit Committee.

Education and business experience

M.Sc. in Business and Economics, Stockholm School of Economics. Executive Vice President of L E Lundbergföretagen AB since 1997 and President of L E Lundberg Kapitalförvaltning AB since 1995.

Current Board assignments

Board member of Hufvudstaden AB.

Shareholding in Sandvik (own and closely related persons)

20,000

Marika Fredriksson

Marika Fredriksson

Board member since 2017.

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Born 1963.

Education and business experience

Master of Business Administration. CFO and Group Executive Vice President of Vestas Wind Systems A/S since 2013. CFO of Gambro AB 2009–2012, CFO of Autoliv Inc. 2008–2009 and various positions within Volvo 1996–2008, including CFO and Senior Vice President Finance & Strategy at Volvo Construction Equipment Corporation.

Current Board assignments

Board member of SSAB AB.

Shareholding in Sandvik (own and closely related persons)

2,500.

Johan Karlström

Johan Karlström

Board member since 2011.

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Born 1957

Member of the Remuneration Committee.

Education and business experience

M.Sc. in Engineering. Senior Advisor at Skanska since 1 January 2018. President of Skanska AB 2008–2017 and various senior positions within BPA (currently Bravida) 1995–2000.

Current board assignments

Board member of Skanska AB (until 1 January 2018)

Shareholding in sandvik (own and closely related persons)

5,000

Björn Rosengren

Björn Rosengren

Board member since 2016

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Born 1959

Education and business experience

M.Sc. in Engineering. President and CEO of Sandvik AB since 2015. President and CEO of Wärtsilä Corporation 2011–2015, various positions within Atlas Copco 1998–2011, including Senior Executive Vice President of Atlas Copco AB and Business Area President for Construction and Mining Technique, General Manager of Nordhydraulic at Nordwin AB 1995–1998 and various positions within ESAB 1985–1995.

Current board assignments

Board member of Danfoss A/S.

Shareholding in sandvik (own and closely related persons)

95,216.

Helena Stjernholm

Helena Stjernholm

Board member since 2016

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Born 1970

Member of the Audit Committee.

Education and business experience

M.Sc. in Business Administration. President and CEO of AB Industrivärden since 2015. Investment manager and subsequently partner at IK Investment Partners 1998–2015 and consultant at Bain & Company 1997–1998.

Current board assignments

Board member of AB Industrivärden, AB Volvo and Telefonaktiebolaget LM Ericsson.

Shareholding in sandvik (own and closely related persons)

5,000 (acquired 12 February 2018).

Lars Westerberg

Lars Westerberg

Board member since 2010

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Born 1948

Member of the Audit Committee and the Remuneration Committee.

Education and business experience

M.Sc. in Engineering and B.Sc. in Business Administration. President and CEO of Autoliv Inc. 1999–2007, Gränges AB 1994–1999 and ESAB 1991–1994, and various positions within ESAB and ASEA 1972–1991.

Current board assignments

Board member of SSAB AB, AB Volvo and Stena AB.

Shareholding in sandvik (own and closely related persons)

180,000

Tomas Kärnström

Tomas Kärnström

Board member since 2006

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Born 1966

Employee representative, IF Metall.

Education and business experience

Chairman of the Union Committee, Metal Worker's Union, Sandvik Materials Technology. Various positions within Sandvik since 1986.

Current board assignments

Shareholding in sandvik (own and closely related persons)

2,889

Thomas Lilja

Thomas Lilja

Board member since 2016

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Born 1975

Employee representative, Unionen/Ledarna/Swedish Association of Graduate Engineers.

Education and business experience

Technical College Graduate - Mechanical Engineering. Chairman Trade Union, Unionen Sandvik Sweden and Unionen Coromant & Machining Solutions. Various purchasing positions within Sandvik 2000–2010 and production and logistics positions within Scania 1995–2000.

Current board assignments

Shareholding in sandvik (own and closely related persons)

3,560.

Thomas Andersson

Thomas Andersson

Deputy board member since 2012

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Born 1962

Employee representative, IF Metall.

Education and business experience

Chairman of the Union Committee, Metal Workers' Union, Sandvik Coromant, Gimo. Various operator positions at Gimoverken, Sandvik Coromant, since 1984. Construction firm Anders Diös 1980–1984.

Current board assignments

Shareholding in sandvik (own and closely related persons)

612

Mats W Lundberg

Mats W Lundberg

Deputy board member since 2015

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Born 1974

Employee representative, Unionen/Ledarna/ Swedish Association of Graduate Engineers

Education and business experience

M.Sc. and PhD in Chemical Engineering. Sustainability Specialist, Sandvik Materials Technology, since 2017. Principal R&D Engineer, Sandvik Materials Technology 2010–2017. Scientist and postdoctoral researcher at Risø DTU, Denmark, 2007–2010 and Technical Sales Specialist at Spectral Solutions AB 2005–2007.

Current board assignments

Shareholding in sandvik (own and closely related persons)

0

Honorary Chairman

Percy Barnevik, born 1941.
Chairman of the Board of Sandvik AB 1983–2002.

Board secretary

Åsa Thunman, born 1969.
Secretary to the Sandvik Board of Directors since 2014.
Executive Vice President and General Counsel, Sandvik AB, since 2014.

Auditor

KPMG AB
Auditor-in-charge:
Joakim Thilstedt, born 1967.
Authorized Public Accountant.
Other auditing assignments: Auditor-in-charge for, among others, Ahlsell AB, Holmen AB, Hufvudstaden AB, LE Lundbergföretagen AB and Modern Times Group MTG AB.

Information regarding Board assignments and holdings of shares as of 31 December 2017. Current Board assignments refers to assignments in companies or organizations outside the Sandvik Group.