Board of Directors

JOHAN MOLIN

Born 1959. Chairman of the Board since 2015. Chairman of the Remuneration Committee and Acquisitions and Divestitures Committee and member of the Audit 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): 830,000 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, Förvaltnings AB Lunden and Sandvik Materials Technology Holding AB.

Shareholding in Sandvik (own and closely related persons): 50,000.

ANDREAS NORDBRANDT

Born 1971. Board member since 2021.

Education and business experience: M.Sc. in Mechanical Engineering and Hydraulics. Co-owner of Mälarvillan AB since 2018. President of the Underground Rock Excavation Division within the Epiroc Group 2018. Various positions within the Atlas Copco Group 1995–2018, including President of the Underground Rock Excavation Division, President of the Rocktec Division, Vice President Service Operations and Operations Manager Business Line Manager, Service Division, Atlas Copco Mining and Rock Excavation Australia.

Current board assignments: Chairman of the board of Sandvik Materials Technology Holding AB and board member of Mälarvillan AB.

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

STEFAN WIDING

Born 1977. Board member since 2020.

Education and business experience: M.Sc. Applied Physics and Electrical Engineering and Bachelor of Business Administration. President and CEO, Sandvik AB, and President of the Sandvik Manufacturing and Machining Solutions business area since 2020. Various positions within the Assa Abloy Group 2006–2020, including Executive Vice President HID Global division 2015–2020, Director of Product Management and General Manager of Shared Technologies Unit. Various positions in the Saab Group 2001–2006.

Current board assignments: –

Shareholding in Sandvik (own and closely related persons): 49,489.

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 2013–February 2022. 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 AB Industrivärden.

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.

KAI WÄRN

Born 1959. Board member since 2020. Member of the Remuneration Committee.

Education and business experience: M.Sc. in Mechanical Engineering, the Royal Institute of Technology, Stockholm, Sweden. President and CEO of Husqvarna AB 2013–2020. Operations partner at IK Investment Partners Norden AB 2011–2013, President and CEO of Seco Tools AB 2004–2010 and various positions within ABB 1985–2004.

Current board assignments: Chairman of the board of Electrolux Professional AB and board member of Mälarhamnar AB.

Shareholding in Sandvik (own and closely related persons): 12,000.

Employee representatives

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: Board member (employee representative) of Sandvik Materials Technology Holding AB.

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.

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): 4,840.

ERIK KNEBEL

Born 1965. Deputy Board member since 2021 (employee representative, Unionen/Ledarna/Swedish Association of Graduate Engineers).

Education and business experience: Technical College Graduate – Mechanical & Automation. Chairman of the Swedish Association of Graduate Engineers Sandvik Sweden and Sandvik Coromant Gimo. Various positions within Sandvik Coromant and Sandvik Machining Solutions since 1990; Production, IT and Quality.

Current board assignments: –

Shareholding in Sandvik (own and closely related persons): 1.

Changes in the Board of Directors

In connection with the Annual General Meeting on April 27, 2021, Andreas Nordbrandt was elected as a new Board member and Johan Karlström, Board member, left the Board. Erik Knebel was elected deputy employee representative.

Information regarding Board assignments and holdings of shares as of December 31, 2021.
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

PricewaterhouseCoopers AB
Auditor-in-charge: Peter Nyllinge, Authorized Public Accountant.
Other auditing assignments: Saab AB and Getinge AB.