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

Other Board duties: Board member Parker Hannifin Corporation (USA), Business Sweden, ICC Sverige, Vetenskap & Allmänhet (chairman)

Work experience: Chief executive officer

Adine Grate Axén

Board member (elected 2010)

Born: 1961

Other Board duties: 3 (HI3G Scandinavia), AP7, Swedish Orphan Biovitrum AB and Sampo Oy.

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

Work experience: 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.

Lars Backemar

Board member (elected 2010)

Born: 1950

Other Board duties: Backemar Consulting AB (chairman), City i Samverkan AB (chairman), Villa Azur AB (chairman), Arosgruppen Fastigheter Fjärdingen AB, Arosgruppen Holding AB, Fastighets AB Velocipeden and Fresh Food Support Sweden AB (deputy).

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; CEO and Business Area Manager, NK fastigheterna Stockholm and Gothenburg, Huvudstaden AB; Director of Properties, NK Cityfastigheter.

Lottie Knutson

Board member (elected 2010)

Born: 1964

Other Border duties: Border member H&M AB and Stena Line BV.

Lotta Mellström

Board member (elected 2015)

Born: 1970

Other Border duties: Board member AB Svensk Exportkredti, Specialfastigheter Sverige AB

Lottie Svedenstedt

Board member (elected 2010), member Remuneration Committee

Born: 1957

Other Board duties: MiL Institute (chairman), Clas Ohlson AB, Stampen AB, Global Employees Partner AB, Byggmax AB, ITAB Shop Concept AB, Thule Group AB, Mktmedia AB, Mediebolaget Promedia i MellanSweden AB, Liberala Tidningar i MellanSweden AB and Vanna AB. Education: Law degree, Uppsala University.

Work experience: 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.

Lars Mydland

Board member (elected 2014)

Born: 1954

Other Board duties: Mydland Ehrling AB (chairman), SESAR Performance Partnership (SPP).

Education: Fighter pilot training, Norwegian Air Force.

Work experience: Fighter pilot and officer Norwegian Air Force; airline captain at Scandinavian Airlines; CEO SAS Flight Academy AB; Special Adviser to Managing Director of Veling Ltd.; Senior Consultant at IATA.

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: county administrative court and court of appeal in Stockholm (1984-88), Price Waterhouse Stockholm and Brussels (1988-94), Electrolux several positions, including Group Controller (1994-2010), Group CFO vid Nobia (2010-2016).

Self employed – Mikael Norman AB