Corporate governance

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Swedavia AB is a Swedish limited liability company with its registered office in the Municipality of Sigtuna.

Swedavia’s operations are described in the company’s Articles of Association as financing, owning, administering, operating and developing airports with their appurtenant buildings and facilities. Swedavia shall also take an active part in the development of the Swedish transport sector and help achieve the transport policy goals set by Parliament based on sound business principles.

Airport operations were previously part of the State-owned enterprise LFV, and the operations were acquired on April 1, 2010. All shares in Swedavia AB are owned by the Swedish State. The Ministry of Finance represents the Swedish State’s shares at Swedavia’s Annual General Meeting and thereby nominates Board members in Swedavia.

Corporate governance

Swedavia’s corporate governance is regulated by external legal frameworks such as the Companies Act and other applicable Swedish laws, the State’s ownership policy and the Swedish Corporate Code of Governance. The Government describes its position on important matters of principles concerning corporate governance of all State-owned companies in its ownership policy. Among other things, the decision has been made that all companies in which the State owns a majority shall apply the Swedish Corporate Code of Governance. The overall objective of the Code is to contribute to the improved governance of Swedish limited liability companies. The Code is applied based on the principle” comply or explain”, which means that deviations from the Code are allowed but must be explained.

The Board of Directors is responsible under the Companies Act and the Swedish Code of Corporate Governance (the Code) for Swedavia’s internal control. The Board has decided that Swedavia shall apply a framework for documentation and analysis of internal control issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Swedavia has continued the work to implement this framework in the company’s operations.

Board of Directors

Åke

Svensson

Chairman of the Board (elected 2016), chairman Remuneration Committee

Born: 1952

Other Board duties: Parker Hannifin Corporation (US), Business Sweden, member of Swedish National Agency for Public Procurement's Advisory Council.
Education: MS in Applied Physics and Electrical Engineering, Linköping University.
Work experience: CEO, Saab; CEO Association of Swedish Engineering Industries.

Chairman of the Board (elected 2016), chairman Remuneration Committee

Born: 1952

Adine

Grate Axén

Board member (elected 2010)

Born: 1961

Other Board duties: Sky Ltd, Sampo Oy, Three Scandinavia, AP7 vice pres.) and Marague AB:

Education: BS in Economics, Stockholm School of Economics; Executive MBA (AMP), Harvard University.

Work experience: Self-employed, formerly chairman NASDAQ OMX Listing Committee. Formerly Executive Vice President and Managing Director, Investor AB; Vice President Corporate Finance, Gota Group and Hägglöf & Ponsbach. Formerly member of Swedish Securities Council, Carnegie Investment Bank AB, Gambro AB, Grand Hotel Holdings, Ericsson Project Finance AB, EDB ErgoGroup A/S, Spray Ventures BV, Swedish Industry and Commerce Stock Exchange Committee, Government Council for Reduced State Ownership.

Born: 1961

Other Board duties: Sky Ltd, Sampo Oy, Three Scandinavia, AP7 vice pres.) and Marague AB:

Education: BS in Economics, Stockholm School of Economics; Executive MBA (AMP), Harvard University.

Lars

Backemar

Board member (elected 2010)

Born: 1950

Other Board duties: Backemar Consulting AB (chairman), City i Samverkan AB (chairman).

Education: Business administration and marketing, Köpmannainstitutet, Stockholm; marketing and consumer policy, Uppsala University.

Work experience: Senior Advisor, Backemar Consulting AB. Formerly various executive positions at Jones Lang LaSalle.

Born: 1950

Other Board duties: Backemar Consulting AB (chairman), City i Samverkan AB (chairman).

Education: Business administration and marketing, Köpmannainstitutet, Stockholm; marketing and consumer policy, Uppsala University.

Work experience: Senior Advisor, Backemar Consulting AB. Formerly various executive positions at Jones Lang LaSalle.

Lottie

Knutson

Board member (elected 2010)

Born: 1964

Other Board duties: Stena Line BV, STS Alpresor AB, Cloetta AB, Scandic Hotels AB, Talently AB, Actic AB.

Education: Journalisthögskolan i Stockholm, Diplôme de Culture Française, Paris IIII.
Work experience: Own company, senior management in global companies. Formerly Communications Director, UI Nordic; writer, account manager and product manager, JKL and Bates; information officer, SAS; journalist, Svenska Dagbladet.

Born: 1964

Other Board duties: Stena Line BV, STS Alpresor AB, Cloetta AB, Scandic Hotels AB, Talently AB, Actic AB.

Lotta

Mellström

Board member (elected 2015)

Born: 1970

Other Board duties: AB Svensk Exportkredit, Jernhusen AB, SOS Alarm Sverige AB

Work experience: Division for State-Owned Enterprises, Ministry of Finance. Formerly management consultant, Resco AB; controller, Sydkraft and ABB Groups.

Board member (elected 2015)

Born: 1970

Other Board duties: AB Svensk Exportkredit, Jernhusen AB, SOS Alarm Sverige AB

Work experience: Division for State-Owned Enterprises, Ministry of Finance. Formerly management consultant, Resco AB; controller, Sydkraft and ABB Groups.

Lottie

Svedenstedt

Board member (elected 2010), member Remuneration Committee

Born: 1957

Other Board duties: MiL Institute (chairman), Tillväxt Helsingborg (charirman), MiL Foundation, Byggmax Group AB, ITAB Shop Concept AB, Gullberg & Jansson AB, INR and Helsingborg IF.

Work experience: Self-employed, formerly CEO, Kid Interiör A/S; Business Area Manager, IKEA of Sweden; Deputy General Manager, IKEA Systems BV; CEO, Inter IKEA Systems A/S; Regional Director, H&M AB.

Born: 1957

Other Board duties: MiL Institute (chairman), Tillväxt Helsingborg (charirman), MiL Foundation, Byggmax Group AB, ITAB Shop Concept AB, Gullberg & Jansson AB, INR and Helsingborg IF.

Lars

Mydland

Board member (elected 2014)

Born: 1954

Other Board duties: mydland ehrling AB (chairman), Special Advicer Board of Directors Veling Ltd.

Education: Fighter pilot training, Norwegian Air Force.

Work experience: Chairman SESAR Performance Partnership, Senior Consultant IATA, SVP & Accountable Manager Scandinavian Airlines, flygchef SAS, VD SAS Flight Academy AB, fighter pilot and officer Norwegian Air Force. Formerly board member of SAS Commuter AB, SAS Sverige AB, SAS Norge AS, SAS Danmark AS, SAS Technical Services (STS). Formerly chariman EAC (Spain) and Norwegian Aviation College.

Born: 1954

Other Board duties: mydland ehrling AB (chairman), Special Advicer Board of Directors Veling Ltd.

Education: Fighter pilot training, Norwegian Air Force.

Mikael

Norman

Board member (elected 2017)

Born: 1958

Other board duties: Cloetta AB, Byggmax Group AB, Bravida Holding AB and Bonava AB.

Education: Business administration and law degree from Stockholms Universitet

Work experience: Self employed – Mikael Norman AB. Formerly CFO, Nobia AB; Group Controller, AB Electrolux; Senior Manager; Price Waterhouse Stockholm and Brussels; public prosecutor, Stockholm Court of Appeal.

Born: 1958

Other board duties: Cloetta AB, Byggmax Group AB, Bravida Holding AB and Bonava AB.

Education: Business administration and law degree from Stockholms Universitet