Johan Wall

Chairman of the Board since 2017
Director: 2000–2016
Deputy Director: 1997–2000
Holding: 14 100
Education: Master of Engineering from the Royal Institute of Technology in Stockholm, Visiting Scholar at Stanford University.
Chairman of: Beijer Holding AB, Domarbo Skog AB and Svenskt Tenn AB.
Director of: Sweco AB, Skirner AB, Kjell and Märta Beijer Foundation, the Anders Wall Foundation, the Swedish Association of Listed Companies and others.
Earlier positions: President of Beijerinvest AB, President of Bisnode AB, President of Enea AB, President of Framfab AB and President of Netsolutions AB.
Board committees: Chairman of Remuneration Committee. Member of Audit Committee.

Dependent in relation to the company’s major shareholders.
Independent in relation to the company.

Johnny Alvarsson

Director since: 2017
Holding: 5 800
Education: Master of Engineering from the Institute of Technology at Linköping University, management training at CEDEP in France.
Chairman of: VBG AB, FM Mattson Mora Group.
Director of: Rotundagruppen, Conveniunt AB, Instalco AB and Sdiptech AB.
Earlier positions: Management positions at LM Ericsson, CEO of Zetterbergs Industri AB/Zeteco AB publ, CEO of Elektronikgruppen AB publ and CEO of Indutrade AB publ.
Board committees: Member of Remuneration Committee.

Independent in relation to the company’s major shareholders.
Independent in relation to the company.

Caroline af Ugglas

Director since: 2015
Holding: 4 000
Education: Economics degree from Stockholm University.
Director of: Bilia AB, Spiltan investment AB, Lifco AB and Trapets AB.
Earlier positions: Head of Equities and Corporate Governance at Livförsäkringsaktiebolaget Skandia and Deputy General Director of the Confederation of Swedish Enterprise.
Board committees: Member of Audit Committee.

Independent in relation to the company’s major shareholders.
Independent in relation to the company.

Oskar Hellström

Director since: 2020
Holding: 5 000
Education: M Sc Industrial Engineering & Management, Linköping Institute of Technology and B Sc Economics & Business Administration, Stockholm University.
Vice President and CFO of Gränges AB.
Earlier positions: CFO at Sapa Heat Transfer, various management positions within the Sapa group, consultant at Booz Allen Hamilton.
Board committees: Chairman of Audit Committee.

Independent in relation to the company’s major shareholders.
Independent in relation to the company.

Hans Landin

Director since: 2019
Holding: 6 160
Education: Degree in engineering from Chalmers University of Technology.
Earlier positions: Different management functions at The Timken Company since 2000.
Board committees: Member of Remuneration Committee.

Independent in relation to the company’s major shareholders.
Independent in relation to the company.

Sofie Löwenhielm

Director since: 2023
Holding: 0
Education: Stockholm School of Economics and Google Marketing MBA from Wharton Executive Education in Philadelphia, USA
Earlier positions: Head of Global Marketing Strategy and Operations at Google, Strategy consultant at Boston Consulting Group in Sweden, former director of Swedol AB

Independent in relation to the company’s major shareholders.
Independent in reation to the company.

Honorary Chairman

Anders Wall

Chairman of the Board

Remuneration Committee. The Board has appointed a Remuneration Committee comprising Johnny Alvarsson, Hans Landin and Johan Wall (Chairman). The Remuneration Committee prepares motions regarding the President’s salary and other employment terms. The Committee also prepares principles for remuneration to Group management and approves motions by the President regarding remuneration to Group management within the framework of the guidelines adopted by the Annual General Meeting. The company’s remuneration principles and guidelines are described in Note 2.

Audit Committee. The Board of Directors has appointed an Audit Committee comprising Oskar Hellström (Chairman), Johan Wall and Caroline af Ugglas. The Group’s CFO reports to the Committee. The Audit Committee is mainly for the purpose of supervising the Group’s financial reporting and the audit of the financial statements.

Johnny Alvarsson, Caroline af Ugglas, Oskar Hellström, Hans Landin and Johan Wall.

The tasks of the Committee include preparing for the Board’s work to quality assure the financial reporting by reviewing the interim reports, annual report and consolidated financial statements. The Committee also reviews legal and tax-related issues that may have a material impact on the financial reports. The Audit Committee also reviews the impartiality of the appointed auditors and decides which services, in addition to the audit, are to be procured from the auditors. Where appropriate, the Committee handles the procurement of audit services. Finally, the Audit Committee evaluates the quality of the internal control of financial reporting. The Committee held five meetings during 2022, which were attended by all members. The Chief Auditor participated in two of these meetings.

The Annual General Meeting 2023, it was decided that the following members would be appointed to the Nomination Committee: Chairman of the Board Johan Wall, Anders G. Carlberg (representing the principal owner) and three representatives of the next largest shareholders who have indicated their willingness to participate in the Nomination Committee, namely Malin Björkmo (Handelsbanken Fonder), Hans Christian Bratterud (Odin Fonder) and Hjalmar Ek (Lannebo Fonder). Anders G. Carlberg was elected as Chairman of the Nomination Committee.

The Nomination Committee will submit motions concerning the Board of Directors, the Chairman of the Board, directors’ fees, the auditor, auditors’ fees and the Chairman of the 2024 Annual General Meeting. The Nomination Committee instruction is set out in the minutes of the Annual General Meeting.

Shareholders can submit proposals to the nomination committee no later than January 31, 2024 by post to the address:
Beijer Alma AB
Box 1747
751 47 UPPSALA

Senior executives comprise the Group’s senior management, including the President, the presidents of the two sub-groups and the Parent Company’s Chief Financial Officer.

All of these individuals have a total remuneration package consisting of a fixed basic salary, a variable salary, a defined-contribution pension and other benefits (mainly company car benefits). The total remuneration package is to reflect market conditions. The variable salary for senior executives who are employed by the Parent Company is based on the Group’s profitability and growth and, for senior executives employed by a subsidiary, on the subsidiary’s profitability. Variable remuneration is always maximized at 80 percent of basic salary.

The Remuneration Committee has evaluated the model for determining variable remuneration and has found that the outcomes are in line with the Group’s strategy for value creation and that the total remuneration package for senior executives is competitive.
The Board’s proposal was included in the notice for approval by the 2023 Annual General Meeting. The Annual General Meeting resolved to adopt the Board’s proposal.

Currently, there are no outstanding share or share-related incentive programs. Read more about: guidelines for remuneration of senior management