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Board of Directors

Cavotec’s Board of Directors consists of seven ordinary members, including the chairman of the board, with no deputy board members, all of whom are elected for the period up until the end of the annual shareholders’ meeting 2021. The table below shows the members of the Board of Directors, when they were first elected and whether they are considered to be independent of the Company and/or the major shareholders.

 

 

 

 

Independent of

Name

Position

Member since

The Company and executive management

The major shareholders

Patrik Tigerschiöld

Chairman

2014

Yes

No

Fabio Cannavale

Board member

2010

Yes

No

Niklas Edling

Board member

2019

Yes

Yes

Annette Kumlien

Board member

2019

Yes

Yes

Erik Lautmann

Board member

2007

Yes

Yes

Keith Svendsen

Board member

2021

Yes

Yes

 

 

Patrik

Born 1964. Swedish citizen, resident in Stockholm, Sweden. Board member since 2014 and Chairman of the board since 2018. Member of the Nomination Committee, Audit Committee and Remuneration Committee.

Education: Patrik Tigerschiöld holds an M.Sc. in Business and Economics.

Other current assignments: Chairman of Bure Equity AB, Mycronic AB, the Association for Generally Accepted Practice in the Securities Market, the Swedish Securities Council, Atle Investment Management AB and ACQ Bure AB. Member of the Board of Directors of the Fondbolaget Fondita Ab, SNS and Ovzon AB. Member of the Academy of Engineering Sciences (IVA).

Resent previous assignments: –

Shareholding in the Company: Patrik Tigerschiöld and family holds 1,198,000 shares in the Company.

Fabio

Born 1965. Italian citizen, resident in Collina d’Oro, Switzerland. Board member since 2010.

Education: Fabio Cannavale holds a diploma in engineering from Politecnico di Milano and an MBA from INSEAD, Fontainebleau, France.

Other current assignments: Chairman of Lastminute.com group. Member of the Board of Directors of Nomina SA and Consortium Real Estate BV.

Resent previous assignments: –

Shareholding in the Company: Fabio Cannavale holds 7,583,008 shares in the Company, (through Nomina SA, in which Fabio, together with related parties, hold 100 per cent of the shares).

Erik

Born 1950. Swedish citizen, resident in Stockholm, Sweden. Board member since 2007. Chairman of the Remuneration Committee.

Education: Erik Lautmann holds a BSc from the Stockholm School of Economics.

Other current assignments: Board member of Swedish Care AB. Fellow of the Royal Swedish Academy of Engineering Sciences (IVA).

Resent previous assignments: Chairman of Office Management AB, Attendo AB, Paxxo AB and Actic AB.

Shareholding in the Company: Erik Lautmann holds 143,562 shares in the Company.

niklas

Born 1963. Swedish citizen, resident in Stockholm, Sweden. Board member since 2019.

Education: Niklas Edling holds a M.Sc. in Mechanical Engineering from Royal Institute of Technology, Stockholm and a B.Sc. of Economics and Business Administration from Stockholm School of Economics.

Other current assignments: CEO at ScandiNova Systems AB, member of the Board of HMS Networks AB.

Resent previous assignments: SVP Corporate Development and deputy CEO at Mycronic.

Shareholding in the Company: Niklas Edling holds 75,000 shares and no warrants in the Company.

Annette

Born 1965. Swedish citizen, resident in Skåne, Sweden. Board member since 2019.

Education: Annette Kumlien holds a Bachelor of Business Administration from Stockholm School of Economics.

Other current assignments: GVP, CFO at Munters Group AB.

Resent previous assignments: CFO/ COO in Diaverum and CFO in Höganäs AB and Pergo AB.

Shareholding in the Company: Annette Kumlien holds no shares and no warrants in the Company.

Keith

Born 1973. Danish citizen, resident in Denmark. Board member since 2021. 

Education: Keith Svendsen graduated as a Master Mariner from Fanoe Navigation College, in Denmark, and earned an Executive MBA from the London Business School.

Other current assignments: Keith Svendsen currently serves as COO of APM Terminals, one of the largest port terminal operators in the world and is director of a number of entities associated with A.P. Moller-Maersk.

Resent previous assignments: Head of Operational Execution for the Maersk Group’s Maersk Line business unit.

Shareholding in the Company: Keith Svendsen holds no shares and no warrants in the Company.