Board of Directors

Johan Molin

Born 1959. Chairman of the Board since 2015. Chairman of the Remuneration Committee and Acquisitions and Divestitures Committee.

Education and business experience:
M.Sc. in Business and Economics, Stockholm School of Economics. President and CEO of ASSA ABLOY 2005–2018. President and CEO of Nilfisk-Advance 2001–2005 and various positions within Atlas Copco 1983–2001.

Current Board assignments: –

Shareholding in Sandvik (own and closely related persons): 260,000 as well as 1,000,000 call options.

Claes Boustedt

Born 1962. Board member since 2015. Chairman of the Audit Committee and member of the Acquisitions and Divestitures 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 and Förvaltnings AB Lunden.

Shareholding in Sandvik (own and closely related persons): 20,000.

Johan Karlström

Born 1957. Board member since 2011. Member of the Remuneration Committee.

Education and business experience:
M.Sc. in Engineering. President of Skanska AB 2008–2017, various positions within Skanska 2001–2008 and various senior positions within BPA (currently Bravida) 1995–2000.

Current Board assignments: Board member of CRH plc.

Shareholding in Sandvik (own and closely related persons): 5,000.

Lars Westerberg

Born 1948. Board member since 2010. Member of the Audit 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 Stena AB.

Shareholding in Sandvik (own and closely related persons): 180,000.

Thomas Lilja

Born 1975. Board member since 2016 (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 and 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.

Mats W Lundberg

Born 1974. Deputy Board member since 2015 (employee representative, Unionen/Ledarna/Swedish Association of Graduate Engineers).

Education and business experience:
M.Sc. and PhD in Chemical Engineering. Sustainable Business Manager, Sandvik Materials Technology, since 2019. Sustainability Specialist and R&D positions within Sandvik Materials Technology 2010–2018. Scientist and postdoctoral researcher at Risø DTU, Denmark, 2007–2010 and Technical Sales Specialist at Spectral Solutions AB 2005–2007.

Current Board assignments: Board member of Metacon AB.

Shareholding in Sandvik (own and closely related persons): 0.

Jennifer Allerton

Born 1951. Board member since 2015.

Education and business experience:
M.Sc. in Physics and B.Sc. 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., AVEVA Group plc. and Barclays Bank Ireland plc.

Shareholding in Sandvik (own and closely related persons): 10,000.

Marika Fredriksson

Born 1963. Board member since 2017.

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 and Strategy at Volvo Construction Equipment Corporation.

Current Board assignments: Board member of SSAB AB.

Shareholding in Sandvik (own and closely related persons): 2,500.

Helena Stjernholm

Born 1970. Board member since 2016. Member of the Audit Committee, Remuneration Committee and Acquisitions and Divestitures 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.

Tomas Kärnström

Born 1966. Board member since 2006 (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 Andersson

Born 1962. Deputy Board member since 2012 (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): 0.

Changes in the Board of Directors

Björn Rosengren was a member of the Board during 2019 but left the Board, effective 1 February 2020.

Information regarding Board assignments and holdings of shares as of 31 December 2019. Current Board assignments refer to assignments in companies or organizations outside the Sandvik Group.

Honorary chairman

Percy Barnevik

Born 1941. Chairman of the Board of Sandvik AB 1983–2002.

Board secretary

Åsa Thunman

Born 1969. Secretary to the Board since 2014.
Executive Vice President and General Counsel, Sandvik AB, since 2014.

Auditor

Pricewaterhouse-Coopers AB

Auditor-in-charge: Peter Nyllinge, Authorized Public Accountant.
Other auditing assignments: Fagerhult and Svensk Exportkredit.