Board of directors

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 June 30, 2019. 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 Petra Hedengran and Jonas Samuelson have been considered independent. Petra Hedengran has been considered independent in relation to the company and the management of the company, but not in relation to major shareholders of Electrolux. Jonas Samuelson has been considered to be independent in relation to major shareholders of Electrolux, but not, in his capacity as President and CEO, in relation to the company and the management of the company.

Board of directors

Staffan Bohman
Staffan Bohman
Chairman

Born 1949. Sweden. B.Sc. Economics and Business Administration. Elected 2018. Member of the Electrolux Audit Committee and the Electrolux Remuneration Committee.

Other assignments: Chairman of the Board of the Research Institute of Industrial Economics, IFN, Ipco AB, Upplands Motor Holding AB and the German-Swedish Chamber of Commerce. Board Member of Atlas Copco AB and the Royal Swedish Academy of Engineering Sciences (IVA).

Previous positions: President and CEO of Sapa and DeLaval as well as Board Member of inter alia Scania AB, Inter-IKEA Holding NV and Rezidor Hotel Group AB.

Holdings in AB Electrolux: 50,000 B shares. 120,279 call options, issued by Investor AB entitling the right to purchase Electrolux B shares.

Petra Hedengran
Petra Hedengran

Born 1964. Sweden. M. of Laws. Elected 2014. Chairman of the Electrolux Remuneration Committee and member of the Electrolux Audit 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: 9,000 B-shares.

Hasse Johansson
Hasse Johansson

Born 1949. Sweden. M. Sc. in Electrical Engineering. Elected 2008.

Other assignments: Chairman of the Board of Dynamate Industrial Services AB and Uniter AB. Board Member of Autoliv Inc., PowerCell Sweden AB, Skyllbergs Bruk AB, CalixKlippan Group AB, DevPort AB and SEM Electromagnet Holding AB.

Previous positions: Executive Vice President and Head of R&D of Scania CV AB. Founder of Mecel AB (part of Delphi Corporation). Various senior management positions within Delphi Corporation.

Holdings in AB Electrolux: 4,000 B-shares.

Ulla Litzén
Ulla Litzén

Born 1956. Sweden. B.Sc. Econ. and M.B.A. Elected 2016. Chairman of the Electrolux Audit Committee.

Other assignments: Board Member of Epiroc AB, Husqvarna AB, NCC AB and Ratos AB.

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.

Holdings in AB Electrolux: 4,000 B shares.

Fredrik Persson
Fredrik Persson

Born 1968. Sweden. M.Sc. Econ. Elected 2012. Member of the Electrolux Audit Committee.

Other assignments: Chairman of the Board of JM AB, the Confederation of Swedish Enterprise (Sw. Svenskt Näringsliv) and ICC Sweden. Board Member of Hufvudstaden AB, ICA Gruppen AB and Ahlström Capital Oy.

Previous positions: Various leading positions within Axel Johnson AB including President and CEO. Head of Research of Aros Securities AB. Various positions within ABB Financial Services AB.

Holdings in AB Electrolux: 3,000 B-shares.

David Porter
David Porter

Born 1965. USA. Bachelor’s degree, Finance. Elected 2016.

Other assignments: Head of Microsoft Stores, Corporate Vice President, Microsoft Corp.

Previous positions: Head of Worldwide Product Distribution at DreamWorks Animation SKG. Various positions within WalMart Stores, Inc.

Holdings in AB Electrolux: 1,250 B-shares.

Jonas Samuelson
Jonas Samuelson
President and CEO

Born 1968. Sweden. M.Sc. Econ. Elected 2016.

Other assignments: Board Member of Polygon AB and of Axel Johnson AB.

Previous positions: Various senior positions within Electrolux 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 positions within General Motors, mainly in the U.S., and Saab Automobile AB.

Holdings in AB Electrolux: 47,138 B-shares.

Ulrika Saxon
Ulrika Saxon

Born 1966. Sweden. Studies in Economics at the Stockholm School of Economics. Elected 2011. Member of the Electrolux Remuneration Committee.

Other assignments: President and CEO of Bonnier Ventures. Board Member of SF Studios, , Adlibris, KIT Story Engine, FLX, Refunder and partner in AI Sustainability Center.

Previous positions: Senior positions with various companies within the Bonnier Group including CEO of Bonnier Magazines. Senior positions within marketing and media strategy consultancy.

Holdings in AB Electrolux: 2,000 B-shares.

Kai Wärn
Kai Wärn

Born 1959. Sweden. M.Sc. in Mechanical Engineering. Elected 2017.

Other assignments: President and CEO of Husqvarna AB. Board Member of Husqvarna AB.

Previous positions: Operations Partner at IK Investment Partners Norden AB. President and CEO of Seco Tools AB. Various positions within ABB.

Holdings in AB Electrolux: 4,000 B shares.

Employee representatives, Members

Viveca Brinkenfeldt-Lever
Viveca Brinkenfeldt-Lever

Born 1960. Representative of the Federation of Salaried Employees in Industry and Services. Elected 2018.

Holdings in AB Electrolux: 0 shares.

Ulf Carlsson
Ulf Carlsson

Born 1958. Representative of the Swedish Confederation of Trade Unions. Elected 2001.

Holdings in AB Electrolux: 0 shares.

Peter Ferm
Peter Ferm

Born 1965. Representative of the Federation of Salaried Employees in Industry and Services. Elected 2018.

Holdings in AB Electrolux: 100 B-shares.

Employee representatives, Deputy Members

Monica Annala
Monica Annala

Born 1966. Representative of the Swedish Confederation of Trade Unions. Elected 2018.

Holdings in AB Electrolux: 0 shares.

Richard Dellner
Richard Dellner

Born 1953. Representative of the Federation of Salaried Employees in Industry and Services. Elected 2013.

Holdings in AB Electrolux: 500 B-shares.

Joachim Nord
Joachim Nord

Born 1966. Representative of the Federation of Salaried Employees in Industry and Services. Elected 2018.

Holdings in AB Electrolux: 0 shares.

Secretary of the Board

Mikael Östman
Mikael Östman
General Counsel, Senior Vice President

Born 1967. Sweden. M. of Laws and B.Sc. Econ. Secretary of the Board since 2017 and employed since 2002.

Previous positions: Various senior positions within Electrolux including Head of Electrolux Corporate Legal Department and Head of Electrolux Legal Affairs Europe. Corporate Counsel at Telia Mobile AB. Lawyer at Advokatfirman Vinge. Law Clerk with the Stockholm District Court.

Holdings in AB Electrolux: 10,114 B-shares.

Auditors

Jan Berntsson
Jan Berntsson
Deloitte AB

Born 1964. Authorized Public Accountant. Partner in Charge

Other assignments: Boliden AB and Kinnevik AB

Holdings in AB Electrolux: 0 shares

At the Annual General Meeting in 2019, Deloitte AB were elected as auditors until the Annual General Meeting in 2020.