Annual Report 2013

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Board of Directors and Auditors

Overview in PDF



Marcus Wallenberg
Chairman
Born 1956. Sweden.
B. Sc. of Foreign Service.
Elected 2005.
Member of the Electrolux Remuneration Committee.
Ronnie Leten
Deputy Chairman
Born 1956. Belgium. M.Sc. Applied Econ. Elected 2012.
Lorna Davis
Born 1959. Australia. Bachelor of Social Science and Psychology.
Elected 2010.
Member of the Electrolux Remuneration Committee.
Hasse Johansson
Born 1949. Sweden.
M. Sc. in Electrical Engineering.
Elected 2008.
Member of the Electrolux Audit Committee.
Keith McLoughlin
Born 1956. USA.
B.S. Eng.
Elected 2011.

Bert Nordberg*
Born 1956. Sweden. Engineer.
Elected 2013.
Fredrik Persson
Born 1968. Sweden.
M.Sc. Econ.
Elected 2012.
Member of the Electrolux Audit Committee.
Ulrika Saxon
Born 1966. Sweden. Stockholm School of Economics.
Elected 2011.
Torben Ballegaard Sørensen
Born 1951. Denmark. M.B.A.
Elected 2007.
Chairman of the Electrolux Audit Committee.
Barbara Milian Thoralfsson
Born 1959. USA. M.B.A., B.A.
Elected 2003.
Chairman of the Electrolux Remuneration Committee.
Position and
board membership
Board Chairman of LKAB, SEB (Skandinaviska Enskilda Banken AB), Saab AB and Foundation Asset Management. Board member of Investor AB, AstraZeneca Plc, Stora Enso Oyj, the Knut and Alice Wallenberg Foundation, Temasek Holdings Limited and EQT Holdings AB. President and CEO of Atlas Copco AB since 2009. President of Biscuits, North America for Mondelz International since 2013. Board Chairman of Dynamate Industrial Services AB, Lindholmen Science Park AB, and VINNOVA (Swedish Governmental Agency for Innovation Systems). Board member of Fouriertransform AB, Skyllbergs Bruk AB, Calix Group AB, Klippan Group AB, Alelion Batteries AB and LeanNova AB. President and CEO of
AB Electrolux.
Board member of
Briggs & Stratton
Corporation.
Board Chairman of Vestas Wind Systems A/S and Ideonfonden AB. Board member of Svenska Cellulosa AB SCA and BlackBerry Ltd. President and CEO of Axel Johnson AB since 2007.
Board Chairman of Axfood AB, Svensk
Bevakningstjänst AB, Axstores AB and
Mekonomen AB. Deputy Chairman of Martin & Servera AB and the Swedish Trade Federation. Board member of several companies within the Axel Johnson Group, the Confederation of Swedish Enterprise and Lancelot Holding AB.
President and CEO of Bonnier Growth Media since 2012. Member of Bonnier AB Executive Management Team since 2009.
Board member of Svensk Filmindustri, Nordic Cinema Group, Mag+ Inc, Scandinavian Studios, SF Anytime, Toca Boca, Bonnier Gaming and United Screens.
Board member of Egmont Fonden, Pandora Holding A/S, Systematic Software Engineering A/S, Tajco A/S, AS3-Companies A/S, CAT Science Park A/S and Liquid Vanity ApS. Director of Fleming Industrier AS, Norway, since 2005. Board member of Svenska Cellulosa AB SCA, Telenor ASA and Norfolier GreenTec AS.
Previous positions President and CEO of Investor AB, 1999–2005. Executive Vice President of Investor AB, 1993–1999. Various leading positions within the Atlas Copco Group, 1997–2009 and 1985–1995. Plant Manager of Tenneco Automotive Inc, Belgium, 1995–1997. Various positions within General Biscuits, 1979–1985. Senior Vice President of Global Biscuits for Kraft Foods, 2011–2013. President of Danone Biscuits/ Kraft Foods China, 2006–2011. President of Danone companies in the UK and New Zealand . Various positions in consumer goods in Australia and South Africa. Executive Vice President and Head of R&D of Scania CV AB, 2001–2009. Founder of Mecel AB (part of Delphi Corporation). Senior management positions within Delphi Corporation, 1990–2001. Senior positions within Electrolux: Head of Major Appliances North America and Executive Vice President of AB Electrolux, 2003, also Head of Major Appliances Latin America, 2004–2007, and Chief Operations Officer Major Appliances, 2009–2010. Senior management positions within DuPont, USA, 1981–2003.
Chairman and President and CEO of Sony Mobile Communications AB, 2009–2012. Various leading positions within the Ericsson Group, 1996–2009. Various positions within Data General Corporation and Digital Equipment Corporation, 1985–1996. Executive Vice President and Chief Financial Officer of Axel Johnson AB, 2000–2007. Head of Research of Aros Securities AB, 1998–2000. Various positions within ABB Financial Services AB, 1992–1998. Senior positions in various companies within the Bonnier Group since 1998. CEO of Bonnier Tidskrifter, 2005–2012. Executive Director of Bonnier Magazines, 2009–2012. Executive Director of Bonnier Entertainment, 2011. CEO of Bonzoo Media, 2002–2005. Senior positions within marketing and media strategy consultancy, 1991–1998.
President and CEO of Bang & Olufsen A/S, 2001–2008. Executive Vice President of LEGO A/S, 1996–2001. President of Computer Composition International, CCI-Europe, 1988–1996. Chief Financial Officer of Aarhuus Stiftsbogtrykkerie, 1981–1988. President and CEO of TeliaSonera Norway, 2001–2005. President and CEO of Midelfart & Co, 1995–2001. Senior positions within marketing and sales, 1988–1995.
Total remuneration 2013, SEK 1,743,000 587,000 566,000 596,000 386,000 596,000 511,000 711,000 631,000
Board meeting attendance 8/8 7/8 8/8 8/8 8/8 5/8* 8/8 8/8 8/8 8/8
Remuneration Committee
attendance
3/3


2/3







3/3

Audit Committee
attendance



6/6



6/6


6/6


Holdings in AB Electrolux 5,000 B-shares.
Through company:
50,000 B-shares.
Related party:
500 B-shares.
7,349 synthetic shares1).
3,000 B-shares.
2,226 B-shares.
1.443 synthetic shares1).
4,000 B-shares.
4,364 synthetic shares1).
92,169 B-shares.
Through company:
3,000 B-shares.
2,000 B-shares. 1,000 B-shares.
5,000 B-shares.
1,461 synthetic shares1).
0 shares.
Independence 2) No No Yes Yes No Yes Yes Yes Yes Yes
Chairman
member
* Bert Nordberg was appointed new Board member at the AGM in March 2013. 1) The AGM in 2008, 2009 and 2010 decided that a part of the fees to the Board of Directors should be payable in synthetic shares. A synthetic share is a right to receive in the future a payment corresponding to the stock-market value of a Class B share in Electrolux at the time of payment. For additional information regarding synthetic shares, see Note 27. 2) For further information about the independence assessment, see page 151. Holdings in AB Electrolux as of December 31, 2013. The information is regularly updated at www.electrolux.com/board-of-directors.

Employee representatives

Ola Bertilsson
Born 1955. Representative of the Swedish Confederation of Trade Unions.
Elected 2006.
Board meeting attendance: 8/8
Holdings in AB Electrolux: 0 shares.
Gunilla Brandt
Born 1953. Representative of the Federation of Salaried Employees in Industry and Services.
Elected 2006.
Board meeting attendance: 8/8
Holdings in AB Electrolux: 0 shares.
Ulf Carlsson
Born 1958. Representative of the Swedish Confederation of Trade Unions.
Elected 2001.
Board meeting attendance: 8/8
Holdings in AB Electrolux: 0 shares.

Employee representatives, deputy members

Gerd Almlöf
Born 1959. Representative of the Federation of Salaried Employees in Industry and Services.
Elected 2007.
Holdings in AB Electrolux: 0 shares.
Bo Rothzén
Born 1963. Representative of the Swedish Confederation of Trade Unions.
Elected 2012.
Holdings in AB Electrolux: 0 shares.
Richard Dellner
Born 1953. Representative of the Federation of Salaried Employees in Industry and Services.
Elected 2013.
Holdings in AB Electrolux: 500 B-shares.

Secretary of the Board

Cecilia Vieweg

Born 1955. B. of Law. General Counsel of AB Electrolux. Secretary of the ­Electrolux Board since 1999. Holdings in AB Electrolux: 20,815 B-shares.

Committees of the Board of Directors

The Remuneration Committee

The Remuneration Committee comprises three Board members: Barbara Milian Thoralfsson (Chairman), Marcus Wallenberg and Lorna Davis.

The Audit Committee

The Audit Committee is comprised of three Board members: Torben Ballegaard Sørensen (Chairman), Fredrik Persson and Hasse Johansson.

Auditors

PricewaterhouseCoopers AB

Anders Lundin

Born 1956. Authorized Public Accountant. Partner in Charge.

Other audit assignments: Svenska Cellulosa AB SCA and TeliaSonera AB.

Holdings in AB Electrolux: 0 shares.

Björn Irle

Born 1965. Authorized Public Accountant. Holdings in AB Electrolux: 0 shares.

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