Corporate governance

Alfa Laval is a public company listed on the NASDAQ OMX Exchange Stockholm and as such, its governance is subject to a number of laws and regulations. The most important of these are the Swedish Companies Act, the Swedish Annual Accounts Act, the rules of the exchange and the Swedish Corporate Governance Code (“the Code”). Alfa Laval’s corporate governance complies with the Code, with only one exception.

The external regulations are supplemented by internal ones, which include the company’s Business Principles, governing documents, such as guidelines and instructions as well as procedures for control and risk management. In addition, the work of the Board and the president is governed by formal work plans.

 

Annual General Meeting

The Annual General Meeting will be held on April 27th, 2021, at 4:00 p.m. (CET), at Scandic Star Lund, Glimmervägen 5 in Lund, Sweden. Shareholders who wish to have an item brought before the Annual General Meeting must submit a written request to the Board of Directors well in advance so the item can be included in the notice. In order to ensure that the item will be included in the notice, the request must be received by the Board no later than March 9th, 2021.

The following representatives of Alfa Laval AB’s largest shareholders have been asked and accepted to form the Nomination Committee for the Annual General Meeting 2021

Jörn Rausing - Tetra Pak
Ramsay Brufer - Alecta Pensionsförsäkring
Anders Oscarsson - AMF-Försäkring och Fonder
Jan Andersson - Swedbank Robur Fonder
Per Trygg - SEB Fonder

Shareholders who wish to submit proposals for the Nomination Committee in preparation of the Annual General Meeting can turn to the Chairman of the Board of Alfa Laval AB, Dennis Jönsson, or to the other shareholder representatives. Contact can also be made directly via E-mail to: valberedningen@alfalaval.com

To the right and below you find the documentation related to previous AGMs.

The Annual General Meeting (AGM) is the Alfa Laval Group's highest decision-making body. According to Alfa Laval's Articles of Association, the AGM shall be held annually within six months of the close of the fiscal year, in either Lund or Stockholm. Normally, the AGM takes place at the end of April or beginning of May in Lund.

 

Archives

AGM documents

2013-2014

Speech by President and CEO Lars Renström 2016-10-25 142 kB
Presentation (in Swedish) 2016-10-25 15816 kB
Minutes 2016-10-25 68 kB
Exhibit 3 2016-10-25 1013 kB
Exhibit 4 2016-10-25 970 kB
Exhibit 5 2016-10-25 958 kB
Notice 2016-10-25 65 kB
The nomination committee's reasoned statement as regards proposal of board of directors in Alfa Laval AB (publ) 2016-10-25 20 kB
Proxy 2016-10-25 13 kB
Decision data 2016-10-25 110 kB
Statement according to ABL 18:4 2016-10-25 61 kB
Auditor's report 2016-10-25 118 kB
Remuneration Committee's Evaluation 10.3 2016-10-25 53 kB
Statement according to ABL 19:22 2016-10-25 57 kB
Corporate governance report 2016-10-25 379 kB
Alfa Laval’s Board of Directors withdraws buy-back proposal 2016-10-25 21 kB
Speech by President and CEO Lars Renström 2016-10-25 35 kB
Presentation (in Swedish) 2016-10-25 2705 kB
Minutes 2016-10-25 684 kB
Exhibit 3 2016-10-25 355 kB
Exhibit 4 2016-10-25 450 kB
Exhibit 5 2016-10-25 440 kB
Notice 2016-10-25 67 kB
The nomination committee's reasoned statement as regards proposal of board of directors in Alfa Laval AB (publ) 2016-10-25 18 kB
Regarding the proposal for adding a new member to the board of directors - presentation of Ulf Wiinberg 2016-10-25 16 kB
Presentation of proposed Directors of the Board 2016-10-25 168 kB
Decision proposal 2016-10-25 64 kB
Statement according to ABL 18:4 2016-10-25 26 kB
Auditors report 2016-10-25 223 kB
Remuneration Committee Evaluation 2016-10-25 24 kB
Statement according to ABL 19:22 2016-10-25 22 kB
Proxy 2016-10-25 19 kB
Corporate governance report 2016-10-25 392 kB

Board of directors

Alfa Laval's Board of Directors consists of eight elected members, with no deputies, and three employee representatives, with three deputies.

Elected by the Annual General Meeting

Dennis Jönsson

Chairman since 2020.

Born: 1956.
Formerly President and CEO of Tetra Pak.
Education: BSc. Econ from Stockholm University.
Independent of company and major shareholders.
Number of shares in Alfa Laval: 210,000. 

Henrik Lange

Board member since 2018.

Born: 1961.
Previously President and CEO of Gunnebo AB, held several senior positions within the SKF Group, including Industry Division Manager and CFO, and served as CEO of Johnson Pump AB.
Education: BSc. Econ. from the Gothenburg School of Business, Economics and Law.
Board member: Velux A/S and IPCO AB.
Independent of the company and major shareholders.
Number of shares in Alfa Laval: 4,000.

Finn Rausing

Board member since 2000.

Born: 1955.
Education: B.L., MBA from INSEAD.
Board member: Tetra Laval Group, DeLaval Holding AB, EQT AB and Swede Ship Marine AB and Excillium AB.
Independent of the company. 
Number of shares in Alfa Laval: -

Jörn Rausing

Board member since 2000.

Born: 1960.
Head of Mergers and Acquisitions (M&A) in the Tetra Laval Group.
Education: BSc. Econ.
Board member: Tetra Laval Group, Ocado PLC and DeLaval Holding AB.
Independent of the company.
Number of shares in Alfa Laval: -

Maria Moraeus Hanssen

Board member since 2019.

Born: 1965.

Former positions include Chief Executive Officer, DEA Deutsche Erdoel AG.
Proposed COO and Deputy CEO, Wintershall DEA Holding GMBH (merger planned for the second quarter of 2019).

Previously President of ENGIE Exploration and Production International SA and GDF Suez E&P Norge AS as well as several senior positions at Aker ASA, Statoil ASA (now Equinor ASA) and Norsk Hydro ASA.

Education: Petroleum technology at the Norwegian University of Science & Technology (NTNU), and petroleum economics at the Institute du Petrole (IFP School) Paris, France.
Independent of company and major shareholders.
Number of shares in Alfa Laval: 0

Heléne Mellquist

Board member since 2019.

Born: 1964.
President Volvo Penta.
Former positions include President, Volvo Trucks Europe, CEO of Transatlantic AB, as well as several different leading positions in Volvo Trucks, Volvo Buses and Volvo Penta.
Education: BSc. International Business Administration & Economics, University of Gothenburg, Sweden. Executive Program Stockholm School of Economics.
Board member of Thule Group AB.
Independent of company and major shareholders.
Number of shares in Alfa Laval: 0

Ulf Wiinberg

Board member since 2013.

Born: 1958.
President of X-Vax Inc. Formerly CEO of H. Lundbeck A/S, Director of Wyeth Pharmaceuticals, EMEA/Canada & BioPharma, and a number of other senior positions in Wyeth.
Chairman of the Board: Hansa Medical AB and Sigrid Therapeutics.
Board member: UCB Pharma and Agenus Inc.
Independent of the company and major shareholder.
Number of shares in Alfa Laval: 20,000.

Ray Mauritsson

Board member since 2020.

Born: 1962.
President and CEO, Axis AB.
Former positions include several different leading positions in Axis Communications AB and Tac (today part of Schneider Electric).
Education: MSc. Engineering Physics, Lund University Faculty of Engineering. Executive MBA, Lund University School of Economics.
Independent of the company and of major shareholders.
Number of shares in Alfa Laval: 0.

Employee representatives

Bror García Lantz

Employee representative since 2012.

Born: 1965.
Employed by Alfa Laval since 1990.
Employee representative for the Swedish Union of Clerical and Technical Employees in Industry (Unionen).
Number of shares in Alfa Laval: 100.

Henrik Nielsen

Employee representative since 2015.

Born: 1968.
Employed by Alfa Laval since 1994.
Employee representative for the Swedish Metal Workers’ Union (IF Metall).
Number of shares in Alfa Laval: -

Susanne Jonsson

Employee representative since 2016.

Born: 1965.
Employed by Alfa Laval since 2008.
Employee representative for the Swedish Confederation of Professional Associations (SACO).
Number of shares in Alfa Laval: - 

Group management

tom erixon 150x150.pngTom Erixon 

President and CEO of Alfa Laval

Born: 1960.

CEO since March 1, 2016.

 

Former positions include President and CEO of OVAKO AB and President of Sandvik Coromant.

Board member of Boliden AB.

Education: MA Law from the University of Lund in Sweden and MBA Business Administration from IESE in Spain.

Number of shares in Alfa Laval: 101,200.

Jan Allde Chief Financial OfficerJan Allde

Chief Financial Officer

Born: 1967.

Employed by Alfa Laval since 2018.

 

Chief Financial Officer since 2018. Previously held several international positions in ABB during the years 1991 to 2017, most recently as the Senior Vice President & Chief Financial Officer for Americas.

Education: BSc, Business Administration & Finance, Stockholm University, Sweden.

Number of shares in Alfa Laval: -

Mikael Tydén OperationsMikael Tydén

President, Operations Division

Born: 1967.

Employed by Alfa Laval since 1995.

 

President of the Operations Division since January 2017. Former positions include head of global manufacturing and supply of separators, decanters, hygienic fluid handling equipment and air heat exchangers 2005-2016.

Education: Ms. Mech. Eng.

Number of shares in Alfa Laval: 1,000.

Susanne Pahlén ÅklundhSusanne Pahlén Åklundh

President, Energy Division.

Born: 1960.

Employed by Alfa Laval since 1983.

 

President of the Energy Division since 2017. Former positions include President of the Equipment Division, Head of Mid Europe and Nordic, and Head of the Process Industry segment.

Board member of Trelleborg AB.

Education: BSc. Eng.

Number of shares in Alfa Laval: 10,000.

Nish Patel Food & WaterNish Patel

President Food & Water Division

Born: 1962.

Employed by Alfa Laval since 1984.

 

Former positions include Executive Vice President in charge of the Western Europe and North America Regions, and Head of India and the UK.

Education: BSc. Eng.

Number of shares in Alfa Laval: 47,552.

Sameer Kalra President, Marine DivisionSameer Kalra

President, Marine Division

Born: 1962.

Employed by Alfa Laval since 2011.

 

Previously Head of the Pumping Systems and Offshore business units.

Education: Marine engineer and MBA.

Number of shares in Alfa Laval: -

Joakim Vilson Global Sales and ServiceJoakim Vilson

Senior Vice President, Global Sales & Service

Born: 1965

Employed by Alfa Laval since 1990.

 

Former positions include Executive Vice President in charge of the Central and Eastern Europe, Latin America, Middle East and Africa Regions, Head of Mid Europe Region and Head of the Process Industry segment.

Education: BSc. Eng.

Number of shares in Alfa Laval: 6,520.

Pascale Gimenez HRPascale Gimenez

SVP Human Resources

Born: 1966.

Employed by Alfa Laval since August 1st, 2018.

 

Former positions include HR Director within Sandvik and Senior Vice President HR & Organization EMEA at Electrolux.

Education: Master in Marketing from ESSEC Business School and Agricultural Engineer ISAB from Institut Supérieur Agricole de Beauvais.

Number of shares in Alfa Laval: -

Emma Adlerton

General Counsel & Secretary to the Board of Directors

Born: 1973

Employed by Alfa Laval since 2008.

 

General Counsel and Secretary to the Board of Directors since 2015; President of Group Legal & Sustainability. Former positions include senior legal counsel in the Alfa Laval Group and attorney at law.

Education: Master Laws (LL.M), Lund University.

Number of shares in Alfa Laval: 1,000

Auditors

In Alfa Laval’s judgment, none of these auditors has any relationship to Alfa Laval, or a company close to Alfa Laval, that could affect their independent status in relation to the company.

Ordinary auditors

Staffan Landén
Authorized Public Accountant, EY.
Born: 1963.
Elected auditor at the Annual General Meeting 2018.

Karoline Tedevall
Authorized Public Accountant, EY.
Born: 1978.
Elected auditor at the Annual General meeting 2018.

Deputy auditors

Henrik Jonzén
Authorized Public Accountant, EY.
Born: 1977.
Elected deputy auditor at the Annual General Meeting 2018.

Andreas Mast
Authorized Public Accountant, EY.
Born: 1979
Elected deputy auditor at the Annual General Meeting 2018.

Committees

Audit Committee

Areas of responsibility

The Audit Committee ensures compliance with the principles for financial reporting and internal control. The Committee formulates guidelines for the company’s financial reporting and follow-up, and has the right to determine the focus of the internal audit. The Committee examines the procedures for reporting and financial controls, as well as the work, qualifications and independence of the external auditors. For further information regarding the responsibilities of the Audit Committee, refer to “The Board of Directors’ report on internal control".

Board of Director's report on internal control.pdf

Members

Members are appointed annually at the Board’s statutory meeting. In 2020, the Committee comprises Henrik Lange (Chairman), Heléne Mellquist and Dennis Jönsson.

Remuneration Committee

Areas of responsibility

The Remuneration Committee is involved in recruitment, appointments, and matters pertaining to other conditions of employment relating to the President and Group management. The Committee is responsible for preparing the guidelines for remuneration to senior executives to be resolved on by the Annual General Meeting and for submitting motions to the Board of Directors regarding salary and employment terms for the President. In addition, the Committee addresses matters regarding salary and employment terms for senior executives who report directly to the President.

Members

The Remuneration Committee is appointed annually at the Board’s statutory meeting. In 2020, the Committee comprises Dennis Jönsson (Chairman), Jörn Rausing and Ulf Wiinberg. 

The Swedish Code of Corporate Governance

The Swedish Code of Corporate Governance is an important component in the self-regulation of Swedish business and aims to improve corporate governance within the Swedish listed companies. It complements the Swedish Companies Act and other legislation.

The Swedish Corporate Governance Board issued a revised version of the code which was applicable from December 1, 2016. To this should be added Instructions issued by the Swedish Corporate Governance Board. These you can find at www.corporategovernanceboard.se. The Swedish code is based on the principle "comply or explain" which means that a company can deviate from the code's provisions as long as it clearly shows and explains why.

Read the complete code in the downloadable PDF