The Board of Directors consists of nine members, without deputies, who are elected at the Annual General Meeting for a period of one year. Three members with deputies are appointed by the Swedish employee organizations, in accordance with Swedish labor laws.
The Board oversees decisions on issues related to the Group’s main goals, strategic orientation and major policies, as well as important issues related to finance, investments, acquisitions and divestments.
Board members shareholdings in AB Electrolux are stated as of March 31, 2024, and includes holdings of related natural and legal persons, when applicable. For transactions, follow the link to the Swedish Financial Supervisory Authority.
Independence
The Board is considered to be in compliance with relevant requirements for independence. All Board Members except for Geert Follens, Petra Hedengran, Daniel Nodhäll and Jonas Samuelson have been considered independent. Petra Hedengran and Daniel Nodhäll have been considered independent in relation to the company and the management of the company, but not in relation to major shareholders of AB Electrolux. Geert Follens and Jonas Samuelson have been considered independent in relation to major shareholders of AB Electrolux, but not in relation to the company and its management. Geert Follens is a member of the group management in Atlas Copco AB in which the Company’s Deputy CEO and member of Group Management, Anna Ohlsson-Leijon, is a board member. Jonas Samuelson is dependent in his capacity as President and CEO.
Board of directors
Torbjörn Lööf
Born 1965. Sweden. Technical education and studies in finance. Elected 2024. Member of the Audit Committee, the People Committee and the Strategic Planning Committee.
Other assignments: Board member of Husqvarna AB, Essity Aktiebolag, AB Blåkläder, and Mercer International Inc.
Previous positions: Various senior management positions within Inter IKEA and IKEA Holding including CEO of Inter IKEA Systems, Inter IKEA Holdings and IKEA of Sweden. Chairman of the Board and Board member of several IKEA companies.
Holdings in AB Electrolux: 22,000 B-shares.
Geert Follens
Born 1959. Belgium. M. Sc in Electromechanical Engineering and a post-graduate degree in Business Economics. Elected 2024. Chairman of the Strategic Planning Committee.
Other assignments: Senior Executive Vice President and Business Area President Vacuum Technique at Atlas Copco AB. Board member of AB SKF.
Previous positions: Various senior management positions at Atlas Copco AB including General Manager of Atlas Copco Compressor Technique customer center, President of the Portable Energy division and before that of the Industrial Air division.
Holdings in AB Electrolux: 0 shares.
Petra Hedengran
Born 1964. Sweden. M. of Laws. Elected 2014. Chairman of the People Committee.
Other assignments: General Counsel and member of Group Management of Investor AB. Board Member of Alecta and the Association for Generally Accepted Principles in the Securities Market (Sw. Föreningen för god sed på värdepappersmarknaden).
Previous positions: Attorney and partner at Advokatfirman Lindahl. Various positions within the ABB Financial Services including General Counsel of ABB Financial Services, Nordic Region. Law Clerk with the Stockholm District Court. Associate at Gunnar Lindhs Advokatbyrå.
Holdings in AB Electrolux: 15,900 B-shares.
Ulla Litzén
Born 1956. Sweden. B.Sc. in Economics and M.B.A. Elected 2016. Chairman of the Audit Committee and member of the Strategic Planning Committee.
Other assignments: Board Member of Epiroc AB, Ratos AB, and Stockholm School of Economics Association.
Previous positions: President of W Capital Management AB, wholly-owned by the Wallenberg Foundations. Various leading positions within the Investor Group including Managing Director and member of Group Management of Investor AB. Board member of Stockholm School of Economics.
Holdings in AB Electrolux: 12,000 B-shares.
Daniel Nodhäll
Born 1978. Sweden. M.Sc. in Economics and Business Administration. Elected 2024. Member of the Audit Committee and the Strategic Planning Committee.
Other assignments: Head of Listed Companies and member of the Executive Leadership Team of Investor AB. Board member of Husqvarna AB and Electrolux Professional AB.
Previous positions: Various positions at Investor AB including Investment Manager and Head of Capital Goods. Board member of SAAB AB.
Holdings in AB Electrolux: 4,000 B-shares.
Karin Overbeck
Born 1966. Germany. Master’s degree in Economics, Marketing and Finance. Elected 2020. Member of the People Committee.
Other assignments: CEO of Freudenberg Home and Cleaning Solutions GmbH. Member of Executive Council, Freudenberg Group. Vice President and member of the Board of the German Brands Association.
Previous positions: Various senior positions within the KAO Corporation as well as in L’Oréal, Tchibo and Unilever.
Holdings in AB Electrolux: 3,135 B-shares.
David Porter
Born 1965. USA. Bachelor’s degree, Finance. Elected 2016.
Previous positions: Head of Microsoft Stores, Corporate Vice President, Microsoft Corp. Chairman of Serta Simmons Bedding LLC. Head of Worldwide Product Distribution at DreamWorks Animation SKG. Various positions within WalMart Stores, Inc.
Holdings in AB Electrolux: 3,315 B-shares.
Michael Rauterkus
Born 1966. Germany. Master’s degree in Business Administration. Elected 2024.
Other assignments: President and CEO of Uponor Group and member of the Executive Committee of Georg Fischer in Switzerland.
Previous positions: Various senior management positions at Grohe AG including CEO. Positions at Hasbro Inc., Levi Strauss & Co. and Kraft Jacobs Suchard (Mondelez).
Holdings in AB Electrolux: 12,200 B-shares.
Jonas Samuelson
Born 1968. Sweden. M.Sc. in Economics and Business Administration. Elected 2016.
Other assignments: Board Member of Axel Johnson AB and Volvo Cars.
Previous positions: Various senior positions within Electrolux Group including CFO of AB Electrolux, COO Global Operations Major Appliances and Head of Major Appliances EMEA. Chief Financial Officer and Executive Vice President of Munters AB. Various senior positions within General Motors, mainly in the U.S., and Saab Automobile AB.
Holdings in AB Electrolux: 119,311 B-shares.
Employee representatives, Members
Viveca Brinkenfeldt-Lever
Born 1960.
Representative of the Federation of Salaried Employees in Industry and Services. Elected 2018.
Holdings in AB Electrolux: 0 shares.
Peter Ferm
Born 1965.
Representative of the Federation of Salaried Employees in Industry and Services. Elected 2018.
Holdings in AB Electrolux: 100 B-shares.
Wilson Quispe
Born 1978.
Representative of the Federation of Salaried Employees in Industry and Services. Elected 2022.
Holdings in AB Electrolux: 4,900 B-shares.
Employee representatives, Deputy Members
Ulrik Danestad
Born 1969.
Representative of the Federation of Salaried Employees in Industry and Services. Elected 2020.
Holdings in AB Electrolux: 20 B-shares.
Secretary of the Board
Ulrika Elfving
Born 1973. Sweden. M. of Laws. Secretary of the Board since 2022.
Holdings in AB Electrolux: 4,607 B-shares.
Auditors
Johan Rippe
Born 1968. Authorized Public Accountant. Partner in Charge
Other assignments: Stena Aktiebolag and Axel Johnson Aktiebolag
Holdings in AB Electrolux: 0 shares.
At the Annual General Meeting in 2024, PricewaterhouseCoopers AB were elected as auditors until the Annual General Meeting in 2025.
