Corporate Governance

AddLife´s group management

From the left: Peter Simonsbacka, Ove Sandin, Kristina Willgård, Martin Almgren

The CEO, Kristina Willgård, shall manage the operations in accordance with the Companies Act and within the framework established by the Board of Directors. The work and role of the CEO and the division of duties between the Board of Directors and the CEO are detailed in a written set of instructions set out by the Board of Directors (“Instructions to the CEO”). The Board of Directors continuously evaluates the work of the CEO. In consultation with the Chairman, the CEO has prepared the information needed to make decisions at Board meetings and has presented reports and reasoned proposals for decisions.

The CEO shall lead the work of the group management and make decisions in consultation with the other members of the group management. In addition to Kristina Willgård, group management also includes Martin Almgren, CFO, Peter Simonsbacka, Business Area Manager Labtech and Ove Sandin, Business Area Manager Medtech. Until 31 December 2020, Lars-Erik Rydell, Medtech's Business Development Manager, was also part of the group management. Group management has regular business reviews under the management of the CEO. 

Operational organisation

During the financial year, the Group’s operations were organised into two business areas – Labtech and Medtech. Operations are conducted in subsidiaries in the Nordic region, Central and Eastern Europe, Australia and China. Each operating Company has a board of directors in which the Company’s CEO and senior executives from the business area are represented. Each company president reports to a business division manager or business area manager, who, in turn reports to the CEO for AddLife AB.

 

 
Kristina Willgård

CEO

Born in: 1965
Member of Group Management since: 2015
Education: M.Sc. Econ.
Professional experience: CFO of Addtech AB, finance director at Ericsson AB, CFO iNetwise, CFO of Frontec, Business controller Spendrups and Auditor Arthur Andersen
Other appointments: Director for Nordic Waterproofing Holding AB, Addnode Group AB and Mölnlycke AB
Holdings of shares in AddLife: 4,608 Class A shares and 508,216 Class B shares (including related party holdings) as well as call options corresponding with 393,800 Class B shares

Martin Almgren

CFO

Born in: 1976
Member of Group Management since: 2015
Education: M.Sc. Econ.
Professional experience: Group Financial Controller for Addtech AB (publ), Group Accounting Manager at Nefab AB, auditor EY
Holdings of shares in AddLife: 276,047 Class B shares as well as call options corresponding with 271,590 Class B shares

Peter Simonsbacka

Business Area Manager Labtech

Born in: 1960
Member of Group Management since: 2017
Education: Engineer 
Professional experience: Business area manager in Addtech Nordic AB, CEO BergmanLabora AB and Business area manager at Mettler-Toledo AB
Other appointments: Chairman of the Board for Swedish Labtech
Holdings of shares in AddLife: 75,456 Class B shares as well as call options corresponding with 271,590 Class B shares

 
Ove Sandin

Business Area Manager Medtech

Born in: 1958
Additional member of Group Management since: 2019
Education: M.Sc. in Engineering
Professional experience: CEO in Triolab AB, Nordisk Business Manager GN ReSound, CEO in GN ReSound AB, Product Manager 3M, Eng. Thoracic medicine, Sahlgrenska
Holdings of shares in AddLife: 15,512 Class B shares as well as call options corresponding with 188,290 Class B shares

Information regarding shareholdings as of 28 February 2021

Latest updated: 3/31/2021 8:46:09 AM by sophia.dernulf@add.life