Board of Directors

The Board of Directors of New Wave Group AB consists of seven members elected by the AGM. The Board of Directors’ working procedures are defined in the rules of procedure, which regulate the delegation of responsibility between the Board of Directors and the CEO, the CEO’s authority, the meeting schedule and reporting routines.

The meetings of the Board of Directors address budgets, interim reports, year-end accounts, state of business, investments and establishments. The meetings also address general issues relating to the long-term business strategy as well as structural and organizational issues.

The language of the board meetings and documentation is Swedish. Generally, between seven and twelve board meetings are held each year. During 2019, the Board assembled on ten occasions.

The Chairman organizes and leads the Board of Directors’ work to ensure that it is carried out in accordance with the Swedish Companies Act, other legislation and regulations, applicable rules for listed companies, including the Swedish Corporate Governance Code (the Code), and the Board of Directors’ other internal control instruments. The Chairman follows the company’s operations in dialogue with the CEO and is responsible for that all members of the Board of Directors receive the information required to complete the tasks of the Board of Directors.

Göran Härstedt is the secretary of the Board of Directors.

Independence of the Board

The Board of Directors of New Wave Group AB is subject to the requirements of independence described in the Code. Among other things, the requirements set out that majority of the directors elected by the shareholders’ meeting are to be independent of the company and its executive management and that at least two of the members of the Board of Directors who are independent of the company and its executive management also shall be independent in relation to the company’s major shareholders.

As CEO and major shareholder of New Wave Group AB, Torsten Jansson is not considered independent of the company, its executive management or the company’s major shareholders. Olof Persson, Christina Bellander, Mats Årjes, M. Johan Widerberg, Jonas Eriksson and Magdalena Forsberg are considered independent of the company, its executive management and the company’s major shareholders. Accordingly, it is the nomination committee’s opinion that the current composition of New Wave AB’s Board of Directors satisfies the requirements of independence laid down in both the Code and Nasdaq Stockholm’s Rule Book for Issuers.

 


 

Olof Persson

Born 1964.

Chairman of the Board since 2016.

Main education and work experience: MBA. Olof Persson has previously been president and CEO of AB Volvo (2011-2015). Prior to that, he was CEO of Volvo Construction Equipment (2008-2011) and CEO of Volvo Aero (2006-2008).

Other commitments in the company: -

Other significant commitments: Chairman of the Board of Staples Solutions B.V., member of the board of World Flight Services, CEO of COAC Europe (Cerberus Operations and Advisory Company UK, Ltd.).

Holdings in the company, own and related parties: 35,000 B-shares.

Independence: Considering the criteria laid down by the Swedish Corporate Governance Code regarding the independence of the board, Olof Persson is independent of the company, its executive management and the company’s major shareholders as defined in the Swedish Corporate Governance Code.

 


 

Torsten Jansson

Born 1962. Member of the Board since 1991. CEO and Group CEO. Founder of New Wave Group AB and majority shareholder.

Main education and work experience: Two years social-science high school. Entrepreneur.

Other significant commitments: Chairman of the Board of Porthouse Interior AB.

Shareholding in the company, own and related parties: 19,707,680 A-shares, 3,050,229 B-shares.

Not independent: Since Torsten Jansson is the CEO and Group CEO, as well as majority shareholder, Torsten Jansson is not independent of the company, its executive management and the company’s major shareholders as defined in the Swedish Corporate Governance Code.

 


 

Christina Bellander

Born 1955.

Member of the board since 2009.

Main education and work experience: Studies at KTH, journalist and theologian. Former head of business development at TV4 and EVP at MTG.

Other commitments in the company: Member of the company's audit committee.

Other significant commitments: : Chairman of the Board of Högskolan Dalarna, Marginal AB and Sliteving AB, board member of Kunskapsskolan Sverige AB and Sveriges Utbildningsradio (UR).

Holdings in the company, own and related parties: 2,000 B-shares.

Independence: Considering the criteria laid down by the Swedish Corporate Governance Code regarding the independence of the board, Christina Bellander is independent of the company, its executive management and the company’s major shareholders as defined in the Swedish Corporate Governance Code.




 

Mats Årjes

Born 1967.

Member of the board since 2007.

Main education and work experience: MBA. Between 2002-2019, Mats Årjes was CEO of SkiStar AB. Before that he was president of the Swedish Ski association between 1998-2002 followed by being chairman of the Swedish Ski association between 2008-2018.

Other commitments in the company: -

Other significant commitments: Chairman of the Swedish Olympic Committee and Vice president of the International Ski Federation (FIS).

Holdings in the company, own and related parties: 10,000 B-shares.

Independence: Considering the criteria laid down in the Swedish Corporate Governance Code regarding the independence of the board, Mats Årjes is independent of the company, its executive management and the company’s major shareholders as defined in the Swedish Corporate Governance Code.

 



M. Johan Widerberg

Born 1949.

Member of the board since 2014.

Main education and work experience: MBA. Long experience of leading positions within the North European Big Bank, about 15 years as Vice President.

Other commitments in the company: member of the company's audit committee.

Other significant commitments: board member of Stabelo Asset Management AB, Stena Finans AB, Stena Metall AB, Stena Trade and Industy AB, Stiftelsen Chalmers University of Technology, SSRS Sjöräddningssällskapet, Thomas Concrete Group AB and Secretary General in Börssällskapet.

Holdings in the company, own and related parties: 10,000 B-shares.

Independence: Considering the criteria laid down by the Swedish Corporate Governance Code regarding the independence of the board, M. Johan Widerberg is independent of the company, its executive management and the company’s major shareholders as defined in the Swedish Corporate Governance Code.

 


 

Jonas Eriksson

Born 1974.

Member of the board since 2019.

Main education and work experience: Three years social-science high school. Professional football Referee (FIFA) and entrepreneur.

Other commitments in the company: -

Other significant commitments: Jonas Eriksson is at present entrepreneur and lecturer in sports, health and motivation, as well as owner of WE Träning och Hälsa, an award-winning gym and wellness facility. Member of the board of EToM AB, HJE Holding AB, Spotin AB, Sentag AB, Melilla Holding 1 AB, Melilla Holding 2 AB, WE Holding Sigtuna AB, WE Sigtuna AB, WE Knivsta AB.

Holdings in the company, own and related parties: 10,000 B-shares.

 


 

Magdalena Forsberg

Born 1967.

Member of the board since 2019.

Main education and work experience: In the past, Magdalena Forsberg has had commitments as an expert commentator on SVT, the German channel ARD and Eurosport, among others.

Magdalena Forsberg has studied economics with a focus on accounting and has worked as a tax consultant at KPMG and has Management Diploma for Athletes, MDA, from Cruyff Institute for Sport Studies. She has been a participant in and has been the host of various television productions in Sweden and has had a long career in the absolute world elite in biathlon, including winning the overall World Cup six times, multiple World Championships as well as two medals in the Olympic Games.

Other commitments in the company: -

Other significant commitments: Magdalena Forsberg currently has commitments for Hello Sweden, a network to bring together Swedish industry and the sporting world. She also lectures on goals and motivation based on her experience as an elite athlete and an is ambassador for the Swedish Cancer Society. Board member of Årehyddan AB and Hans Henrik Sportservice Aktiebolag, Henrik & Magdalena Forsberg Förvaltning AB and Maria Magdalena Förvaltning AB.

Holdings in the company, own and related parties: -

Independence:
Considering the criteria laid down in the Swedish Corporate Governance Code regarding the independence of the board, Magdalena Forsberg is independent of the company, its executive management and the company’s major shareholders as defined in the Swedish Corporate Governance Code.