Swedish

The board of directors of Elekta AB is appointed by the annual general meeting of shareholders for a period until the end of the next annual general meeting of shareholders. The board is responsible for the organization of Elekta AB and the management of the Company’s operations in the interest of the Company and all shareholders.

Composition and independence of the board of directors

The board of directors comprises nine members. The members of the board are Laurent Leksell, who is also the chairman of the board, Luciano Cattani, Annika Espander Jansson, Caroline Leksell Cooke, Johan Malmquist, Tomas Puusepp, Wolfgang Reim, Jan Secher and Birgitta Stymne Göransson. There are neither deputy board members nor employee representatives on the board. The general counsel serves as secretary for the board.

The composition of the board meets applicable independence requirements as six of the nine members of the board have been deemed independent in relation to the Company, the executive management and major shareholders. These six members are: Luciano Cattani, Annika Espander Jansson, Johan Malmquist, Wolfgang Reim, Jan Secher and Birgitta Stymne Göransson.

Responsibility

The board’s work is regulated by the Swedish Companies Act, the articles of association, the corporate governance code and the working instructions for the board of directors. The board is responsible for the organization of Elekta AB and the management of the Company’s operations in the interest of the Company and all shareholders. This includes appointing a President and CEO who is responsible for managing the day-to-day operations in accordance with instructions from the board. The responsibilities for the board also include:

  • Establishing overall goals and strategy
  • Defining guidelines to govern ethical conduct with the purpose of ensuring the long-term ability to create value
  • Ensuring an effective system for follow-up and control of the company’s operations and risks that the company and its operations are exposed to
  • Ensuring a satisfactory process for monitoring compliance with laws and regulations and other regulatory compliance requirements applicable for the company as well as compliance with internal company regulations
  • Ensuring that external information and communications are characterized by openness, and that they are accurate, reliable and relevant

The working instructions for the board of directors establish that the board is to:

  • Hold at least seven ordinary meetings per year
  • Adopt finance and foreign exchange policies
  • Adopt a code of conduct
  • Approve a long-term plan and budget, including an investment budget
  • Approve investments and similar decisions where the amount of the transaction exceeds SEK 5 M if such a transaction falls outside the approved investment budget
  • Decide on acquisition or sale of real property or shares, or acquisition or sale of the assets of, or a major part of the assets of, another company
  • Decide on the establishment and liquidation of subsidiaries
  • Adopt guidelines for remuneration of senior executives to be approved by the annual general meeting of shareholders
  • Decide on terms of employment for the President and CEO according to guidelines for remuneration of senior executives approved by the annual general meeting of shareholders
  • Adopt the annual report, year-end report and interim reports

Within the board, there is no special distribution of responsibilities among the members of the board in addition to the duties that the board has delegated to the executive compensation and capability committee and to the audit committee respectively.

Refer to Elekta’s Corporate Governance Report for more information about the Board’s work, meeting attendance and remuneration during 2016/17.

For holdings in Elekta see: Insiders

Laurent Leksell

First elected: 1972

Board chairman and Chairman of the Executive Compensation and Capability Committee

Year of birth: 1952
Education: MBA and PhD from Stockholm School of Economics
Independence: Not independent in relation to the Company and the Executive Management and, being the Company’s largest shareholder, not independent in relation to major shareholders
Other Board assignments:
Board chairman: Stockholm City Mission and Leksell Social Ventures
Board member: International Chamber of Commerce (ICC)
Principal work experience and other information: Founder of Elekta and Executive Director from 2005 to 2013. Former President and CEO of Elekta during the years from 1972 to 2005. Among others, Assistant Professor and Faculty member of Stockholm School of Economics, IFL and Insead Fontainebleau, and Visiting Scholar at Harvard Business School

Luciano Cattani

First elected: 2008

Member of the Board and Member of the Executive Compensation and Capability Committee

Year of birth: 1945
Education:
Master of Science in Economics from the University of Rome
Independence: Independent of the Company and the Executive Management and independent of major shareholders
Other Board assignments:
Principal work experience and other information: President for EMEA at Stryker Corporation from 2001 to 2004, Group President International at Stryker Corporation from 2005 to 2008, and Executive Vice President International Public Affairs at Stryker Corporation from 2008 to 2010. Since 2012, CEO of Eucomed (European MedTech Industry Trade Association)

Annika Espander Jansson

First elected: 2015

Member of the Board and Member of the Audit Committee

Education: Bachelor of Science in Chemistry from Uppsala University / University of Michigan, and MBA in International Business Management from Uppsala University, Sweden
Independence: Independent of the Company and the Executive Management and independent of major shareholders
Other Board assignments: Board member: Lifco AB, Esperio AB, Asperia AB, and Sjöbergstiftelsen
Principal work experience and other information: 25 years experience as an advisor and investor, as well as from executive positions within the financial markets, among others from Handelsbanken, Enskilda Securities, and Catella. Operational experience from the pharmaceutical industry (Pharmacia) and currently partner at Captor Investment Management AB

Caroline Leksell Cooke

First elected: 2017

Member of the Board

Year of birth: 1981
Education: MSc in Business Administration and Economics from Stockholm University and has studied marketing at Wharton School of the University of Pennsylvania and Columbia Business School
Independence: Independent of the Company and the Executive Management and not independent of major shareholders
Other Board assignments: Board member of the investment committee at Leksell Social Ventures and the chairman of the holding company Bonit Invest S.A./N.V.
Principal work experience and other information: Extensive experience in the areas of digital strategy, communication and technology and is currently responsible for major international business activities in her role as industry head at Google.

Johan Malmquist

First elected: 2015

Member of the Board and Member of the Executive Compensation and Capability Committee

Year of birth: 1961
Education: Bachelor Degree Stockholm School of Economics
Independence: Independent of the Company and the Executive Management and independent of major shareholders
Other Board assignments:
Board chairman: Tingstad AB
Board member: Mölnlycke Health Care AB, Dunkerstiftelserna, Chalmers University of Technology Foundation, SCA AB, Trelleborg AB, and Getinge
Principal work experience and other information: Extensive experience from the medical technology industry, among others as president and CEO for Getinge AB between 1997 and 2015. Before that, various positions within the Getinge group and Electrolux group

Tomas Puusepp

First elected: 2013

Member of the Board

Year of birth: 1955
Education: Electrical Engineer, studies in Physics at the Royal Institute of Technology in Stockholm and at the University of Stockholm and Management (IEP) at IMD in Lausanne
Independence: Not independent in relation to the Company and the Executive Management but is independent in relation to major shareholders
Other Board assignments:
Board Chairman: Global Medical Investments GMI AB
Board member: The Swedish American Chamber of Commerce in New York and Permobil AB
Principal work experience and other information: Various positions at the Research Institute for Nuclear Physics, Scanditronix and Ericsson before being employed by Elekta in 1988. Since then, he has held various management positions within the Company, including head of Elekta’s neurosurgery operations, President of Elekta’s subsidiary in North America, global head of Elekta’s sales, marketing and service operations, and President and CEO of Elekta during fiscal years 2005/06 to 2013/14, and during 2015/16

Wolfgang Reim

First elected: 2011

Member of the Board

Year of birth: 1956
Education: Master in Natural Sciences and PhD in Physics from the Federal Institute of Technology ETH in Zürich
Independence: Independent of the Company and the Executive Management and independent of the major shareholders
Other Board assignments:
Board chairman: Ondal Medical Systems GmbH and DORC B.V.
Board member: GN Store Nord A/S, Klingel GmbH from and Medlumics S.L.
Principal work experience and other information: Independent consultant focusing on the medical technology industry. Until the end of 2006, CEO of Dräger Medical AG. At Siemens from 1986 until 2000, as President of the Special X Ray Products Division and CEO of the Ultrasound Division among other positions

Jan Secher

First elected: 2010

Member of the Board and Member of the Audit Committee

Year of birth: 1957
Education: Master of Science in Industrial Engineering and Management from Linköping University in Sweden
Independence: Independent of the Company and the Executive Management and independent of the major shareholders
Other Board assignments:
Board chairman: Peak Management AG
Board Member: The European Chemical Industry Council from October 2014
Principal work experience and other information: President and CEO of Perstorp AB from September 2013. Previously President and CEO of Ferrostaal AG from 2010 to 2012, operating partner of the US private equity fund Apollo in London from 2009 to 2010, CEO of Clariant AG in Basel from 2006 to 2008 and CEO of SICPA in Lausanne from 2003 to 2005. Before he held various leading positions in the ABB Group during the years from 1982 to 2002

Birgitta Stymne Göransson

First elected: 2005

Member of the Board and Chairman of the Audit Committee

Year of birth: 1957
Education: MBA from Harvard Business School and Master of Science in Chemical Engineering and Biotechnology from the Royal Institute of Technology in Stockholm
Independence: Independent of the Company and the Executive Management and independent of the major shareholders
Other Board assignments:
Board chairman: Medivir AB (until May 2016), HL Display and Fryshuset Foundation Board member: Pandora AS, Rhenman & Partners Asset Management AB, Midsona AB, Bioinvent International AB, and Sophiahemmet, and as per May 2016, board member of Capio AB
Principal work experience and other information: President and CEO of Memira Group 2010 to 2013. CEO of Semantix Group 2005 to 2009, and COO/CFO of Telefos 2001 to 2005. Before that, various managerial positions, including Åhléns AB, Gambro and McKinsey & Co.



 Contact Investor Relations

Johan Andersson

Director and Head
of Investor Relations

   +46 8 587 254 15

   johan.andersson@elekta.com

Tobias Bülow

Director Financial
Communications

   +46 8 587 257 34

   tobias.bulow@elekta.com