Board of Directors

Chairman of the board

Per Sjöstrand

Born: 1958.
Position: Chairman of the board
Experience: Founder of Instalco and CEO 2014-2021. Per has 25 years’ experience as CEO of several companies and has been the director and manager of major projects within Trafikverket, the Swedish Transport Administration. He has a Master of Science in engingeering from Chalmers tekniska högskola i Göteborg (Chalmers University of Technology in Gothenburg).
Other current assignments: Per is chairman of the board of directors of Green Landscaping AB and Åhlin & Ekeroth AB.
Independent of Instalco and the senior management: No.
Independent of major shareholders (as of today): No.
Holdings in Instalco: 26,957,835 shares.

 

Board member

Johnny Alvarsson

Born: 1950.
Position: Board member since 2016.
Other current assignments: Johnny is chairman of the board of directors of FM Mattsson Mora Group AB and VBG GROUP AB (publ). He is a board member of Sdiptech AB (publ) and Beijer Alma AB.
Other relevant experience: Johnny has almost 30 years’ experience as a senior executive in several listed companies. He has a Master of Science in engineering degree from Linköpings Tekniska Högskola (Linköping University, Institute of Technology).
Independent of Instalco and the senior management: Yes.
Independent of major shareholders (as of today): Yes.
Holdings in Instalco: Johnny owns 85,940 shares in Instalco AB.

 

Board member

Carina Edblad

Born: 1963.
Position: Board member since 2018.
Other current assignments: Carina is CEO of Thomas Betong AB and board member in Purmo Group.
Other relevant experience: Carina has more than 30 years of operational experience from the construction and contractor business, both as specialist and manager, with responsibilities for project management, business development, procurement and as CEO. She holds an engineering degree from Chalmers University of Technology.
Independent of Instalco and the senior management: Yes.
Independent of major shareholders (as of today): Yes.
Holdings in Instalco: Carina owns 6,496 shares in Instalco AB.

 

Board member

Per Leopoldsson

Born: 1960.
Position: Board member since 2018.
Other current assignments: Director of Layer Group AB and Vinga Nordic Holding AB, council member for Fastighetsägarna Stockholm, Brandkontoret and NAI Svefa.
Other relevant experience: Extensive experience in the property and construction industry. CFO Fastighets AB Näckebro, Ramböll and
Bravida. Per holds a MSc in Business and Economics from the Stockholm School of Economics.
Independent of Instalco and the senior management: Yes.
Independent of major shareholders (as of today): Yes.
Holdings in Instalco: Per owns 30,000 shares in Instalco AB.

 

Board member

Carina Qvarngård

Born: 1959.
Position: Board member since 2018.
Other current assignments: Carina works as a senior consultant in organisational and business development towards Nordic clients that are in need of industrialisation and internationalisation. She is a board member in XM Reality AB.
Other relevant experience: Carina has more than 30 years of experience from leading positions in international companies, such as Ericsson AB, Sodexo Nordics and Caverion Oy. She holds an engineering degree from KTH in Stockholm.
Independent of Instalco and the senior management: Yes.
Independent of major shareholders (as of today): Yes.
Holdings in Instalco: Carina owns 1,000 shares in Instalco AB.

 

Board member

Ulf Wretskog

Born: 1967.
Position: Board member since 2023.
Other current assignments: Ulf is CEO of Sodexo Corporate Services in Continental Europe.
Other relevant experience: Ulf has 30 years’ experience from leading positions within construction, property an facilities management in international companies such as Skanska, Coor and Sodexo. He has also held several board assignments within private equity-owned portfolio companies. Ulf has Master of Science in engineering degree from Lunds Tekniska Högskola (Lund University, Faculty of Engineering).
Independent of Instalco and the senior management: Yes.
Independent of major shareholders (as of today): Yes.
Holdings in Instalco: Ulf owns 6,000 shares in Instalco AB.

 

Board member

Camilla Öberg

Born: 1964.
Position: Board member since 2018.
Other current assignments: Camilla is CFO of Yubico an she is also a board member in Xvivo Perfusion AB.
Other relevant experience: Camilla has extensive experience as CFO in complex and international businesses. Among previous positiokns, Camilla has been CFO of Swegro Group, Head of Investor Relations at WM-Data and CFO of Logica. She holds a MSc in Business and Economics from the Stockholm School of Economics.
Independent of Instalco and the senior management: Yes.
Independent of major shareholders (as of today): Yes.
Holdings in Instalco: Camilla owns 1,900 shares in Instalco AB.

 

 

Holding as of 30 September 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:

  1. Decide on issues of remuneration principles, remuneration and other terms of employment for senior executives,
  2. monitor and evaluate ongoing programmes (along with programmes that were concluded during the year) on variable remuneration to senior executives, and
  3. 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.

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