CORPORATE GOVERNANCE

Bord of Directors

The Board of Directors plays a central role in guiding Nolato toward long-term growth and sustainability. Together, the board members bring experience and expertise that ensure the company’s governance and development.

Name

Klas Forsström

Elected
2024
Position
Chairman of the Board and member of the Remuneration Committee
Born
1967
Education
Master of Science in Materials Physics and Master in Business Administration, advanced management studies at INSEAD
Other assignments
Board member of IPCO AB, IVA (Academy of Engineering Sciences) and of IVAs Business Council
Background
President and CEO of Munters Group AB
Dependence
Independent of the company and major shareholders

Name

Carina van den Berg

Elected
2022
Position
Board member and Chairman of the Audit Committee
Born
1974
Education
Bachelor of science in business and economics
Other assignments
–
Background
Director of Global Finance Sustainability and Operations, SKF Group
Dependence
Independent of the company and major shareholders

Name

Tomas Blomquist

Elected
2021
Position
Board member
Born
1970
Education
Bachelor in market economy
Other assignments
–
Background
President & CEO Biotage. Senior management positions within Abbott, Alere, Analyticon and Johnson & Johnson
Dependence
Independent of the company and major shareholders

Name

Sven Boström

Elected
2013
Position
Board member
Born
1983
Education
Bachelor of Science (Chemistry) Master of Science (Analytical Chemistry) and Bachelor of Science (Economics)
Other assignments
–
Background
–
Dependence
Independent of the company but not independent of major shareholders

Name

Lovisa Hamrin

Elected
2017
Position
Board member and member of the Remuneration Committee
Born
1973
Education
Master of Science (Economics and Business), Stockholm School of Economics and Bachelor of Science (Economic History)
Other assignments
Chairman of Herenco AB and Hamrin Foundation. Board member of Jönköping International Business School and Swedish Entrepreneurship Forum
Background
Owner and President of Herenco AB, owner and Executive Chairman of Herenco Holding AB, senior management positions at Hall Media AB and Schibsted
Dependence
Independent of the company but not independent of major shareholders

Name

Åsa Hedin

Elected
2014
Position
Board member and member of the Audit Committee
Born
1962
Education
Master of Science (Biophysics), Bachelor of Arts (Physics)
Other assignments
Chairman of Tobii Dynavox AB, Artificial Solutions AB and QB Tech AB. Board member of Biotage AB and Industrifonden AB
Background
MD of Elekta Instrument AB. Senior management positions at Siemens Healthcare and Gambro AB
Dependence
Independent of the company and major shareholders

Name

Erik Lynge-Jorlén

Elected
2020
Position
Board member, member of the Audit Committee, and the board's representative for sustainability matters
Born
1979
Education
Bachelor of Education
Other assignments
–
Background
Upper secondary school teacher
Dependence
Independent of the company but not independent of major shareholders

Name

Björn Jacobsson

Elected
2015 (also member 2000–2013), Deputy 2014
Position
Employee representative from LO (the Swedish Trade Union Confederation)
Born
1971
Education
Upper secondary school
Other assignments
Board member of Nolato Gota AB
Background
Employed at Nolato Gota
Dependence
–

Name

Steven Gorial

Elected
2022
Position
Employee representative from PTK (Swedish Federation of Salaried Employees in Industry and Services)
Born
1983
Education
Qualified Vocational Education Academy, Nordic Institute of Technology and more
Other assignments
Board member of Nolato Plastteknik AB
Background
Employed at Nolato Plastteknik
Dependence
–

The Board member’s shareholdings is presented on

Board and Group management holdings

The Board’s Rules of Procedure

The Board decides on the strategic direction of Nolato’s operations and prepares the necessary instructions. It establishes the Nolato Group’s management structure and appoints, dismisses and oversees the President and CEO.

Principles have been decided on at initial statutory Board meetings following the AGM with regard to rules of procedure for the Board’s work, the delegation of duties between the Board and the President and CEO, as well as financial reporting.

The key elements of these principles determine the following:

The Board shall establish a work programme comprising six ordinary meetings during the year, at which various matters according to the rules of procedure are considered at different Board meetings.
Notice of the meeting, the agenda and documentation for the Board meeting will usually be distributed no later than one week prior to the meeting. Minutes with numbered points are taken at the meeting.
The delegation of duties clarifies the responsibilities of the Board and the key duties of the Chairman and the President and CEO. The instructions for the President and CEO include restrictions regarding decisions on investments, acquisitions, transfers and certain agreements.
To enable the Board to continually follow and monitor the Group’s financial position and performance, the President and CEO must provide the Board with monthly reports on sales, profit, capital commitment, cash flow, the balance sheet, forecast monitoring and forecast updates.

The Chairman of the Board organises and leads the work of the Board, to ensure it is performed in accordance with the Swedish Companies Act, other legislation and regulations, applicable rules for listed companies (including the Swedish Corporate Governance Code), and the Board’s internal governance instruments. The Chairman monitors operations through regular contact with the President and CEO and is responsible for ensuring that other Board members receive satisfactory information and decision-making documentation.

The Chairman is responsible for ensuring that the Board is kept continually updated and increases its knowledge of Nolato and generally receives the training required in order to carry out its work in an effective manner. Furthermore, the Chairman ensures that an annual evaluation of the work of the Board is conducted, and that the Nomination Committee is informed of the results.