Board of Directors
Chairman of the board
Per Sjöstrand
Born 1958
Chair of the Board, member since 2021
Other board positions
Chair: Green Landscaping Group, Uniwater, Håndverksgruppen AS. Board member: Nordic Climate Group, ByggPartner Gruppen.
Work experience
Founder of Instalco and CEO 2014–2021. CEO of several companies
and both director and manager of major projects at the Swedish Transport Administration.
Education
MSc Engineering, Chalmers University of Technology,Gothenburg
Not independent in relation to Instalco and its senior executives
Not independent in relation to major shareholders
Shareholding in Instalco
26,957,835
Board member
Johnny Alvarsson
Born 1950
Member since 2016
Other board positions
Chair: FM Mattsson Mora Group and LLENTAB. Board member: Beijer Alma, Sdiptech and Rotundagruppen.
Work experience
Extensive experience as senior executive at several listed companies
including Indutrade.
Education
MSc Engineering, Management course
Independent in relation to Instalco and its senior executives
Independent in relation to major shareholders
Shareholding in Instalco
85,940
Board member
Carina Edblad
Born 1963
Member since 2018
Current position
CEO Thomas Betong
Other board positions
Board member: Purmo Group and Sweden Green Building Council.
Work experience
Extensive experience in the construction industry as CEO and in senior positions at international companies including Skanska. Many years’ experience of board work in listed companies.
Education
MSc Engineering, Chalmers University of Technology, Gothenburg
Independent in relation to Instalco and its senior executives
Independent in relation to major shareholders
Shareholding in Instalco
6,496
Board member
Per Leopoldsson
Born 1960
Member since 2018
Current position
Head of Solavik Förvaltning AB
Other board positions
Board member at Layer Group AB, NAI Svefa, Vinga Group and
Brandkontoret, and council member for Fastighetsägarna Stockholm.
Work experience
Extensive experience in the property and construction industry. CFO Fastighets ABNäckebro, Ramböll and Bravida.
Education
MBA, Stockholm School of Economics
Independent in relation to Instalco and its senior executives
Independent in relation to major shareholders
Shareholding in Instalco
30,000
Board member
Carina Qvarngård
Born 1959
Member since 2018
Other board positions
Board member at Ability2Sustain and RAK Systems.
Work experience
More than 35 years’ experience in senior positions at international
companies including Ericsson, Sodexo Norden and Caverion, and senior consultant in sustainability and organisation and business development.
Education
MSc Engineering, KTH Royal Institute of Technology, Stockholm
Independent in relation to Instalco and its senior executives
Independent in relation to major shareholders
Shareholding in Instalco
1,200
Board member
Ulf Wretskog
Born 1967
Member since 2023
Current position
CEO Continental Europe at Sodexo Corporate Services
Work experience
30 years’ experience of construction, property and facilities management in senior positions at international companies including Skanska, Coor and Sodexo. Has also held a number of board positions in PE-owned
portfolio companies.
Education
MSc Engineering, LTH Lund University
Independent in relation to Instalco and its senior executives
Independent in relation to major shareholders
Shareholding in Instalco
6,000
Board member
Camilla Öberg
Born 1964
Member since 2018
Current position
CFO Yubico
Other board positions
Board member at Xvivo Perfusion.
Work experience
Extensive experience as CFO of international companies. CFO Cybercom Group, CFO Swegro Group, Head of Investor Relations WM-data, CFO Logica.
Education
MBA, Stockholm School of Economics
Independent in relation to Instalco and its senior executives
Independent in relation to major shareholders
Shareholding in Instalco
2,485
Holding as of 31 December 2023. Including closely related physical and legal persons’ holdings.
Work of the Board of Directors
After the general meeting, the board of directors is the company’s highest decision-making body. The board of directors is also the company’s highest executive body and is responsible for the company’s organisation and the management of the company’s affairs and shall, on a continuous basis, assess the group’s financial position. The chairman of the board of directors has a certain responsibility to lead the board of directors’ work and to ensure that the board fulfils its statutory duties.
According to the Company’s articles of association, the board of directors shall consist of at least three (3) and no more than ten (10) ordinary members, without any deputy members. Currently, the board of directors consists of six (6) ordinary members.
The responsibilities of the board of directors include e.g. to set the company’s overall goals and strategies, oversee major investments, ensure that there is a satisfactory process for monitoring the company’s compliance with laws and other relevant regulations, as well as the compliance with internal guidelines. The responsibilities of the board of directors also include ensuring that the company’s disclosure to the market and investors is transparent, correct, relevant and reliable as well as to appoint and evaluate the company’s CEO.
The board of directors has adopted written rules of procedure for its work, which are evaluated, updated and re-adopted annually. The board of directors meets regularly in accordance with a programme set out in the rules of procedure containing certain permanent items and certain items when necessary.
The board of directors may establish committees to prepare certain matters and may also delegate decision making to such a committee, but the board of directors cannot disclaim responsibility for decisions made on this basis. If the board of directors decides to set up committees, the rules of procedure for the board of directors shall specify the duties and decision making powers that the board of directors has delegated to the committees, as well as how the committees are to report to the board of directors.
The board has established an audit committee and a remuneration committee in accordance with the Swedish Code for Corporate Governance.
Board Committees
The board has established an audit committee in accordance with the Swedish Companies Act and a remuneration committee in accordance with the Swedish Code for Corporate Governance.
Audit committee
The board of directors has established an audit committee consisting of three members: Camilla Öberg (chairman), Per Leopoldsson and Carina Qvarngård. The audit committee shall e.g. monitor the company’s financial reporting, monitor the efficiency of the company’s internal controls, internal audits and risk management, keep itself informed of the audit of the annual report and consolidated financial statements as well as the conclusions of the Supervisory Board of Public Accountants (Sw. Revisorsnämndens) quality controls. The audit committee shall also review and monitor the impartiality and independence of the auditor and, in conjunction therewith, pay special attention to whether the auditor provides the Company with services other than auditing services.
Remuneration committee
The Board has decided that all members of the Board of Directors shall be members of the Remuneration Committee. The Chairman of the Board shall also serve as Chairman of the Remuneration Committee.
The Remuneration Committee meets in conjunction with certain specific Board meetings during the year. The main tasks of the Remuneration Committee are to:
- Decide on issues of remuneration principles, remuneration and other terms of employment for senior executives,
- monitor and evaluate ongoing programmes (along with programmes that were concluded during the year) on variable remuneration to senior executives, and
- monitor and evaluate the application of any guidelines for remuneration to senior executives established by the AGM as well as applicable remuneration structures and remuneration levels.
