The board of directors is the company’s second-highest decision-making body after the shareholders’ meeting. The duties of the board of directors are governed by the Swedish Companies Act, Balco’s articles of association, the Board’s Rules of Procedure and the Code.
The directors are normally elected by the annual general meeting to serve for the period until the close of the next annual general meeting and meet according to a schedule of meetings established annually. The chairman of the board of directors represents Balco in dealings with the company’s shareholders. Balco’s board of directors consists of six ordinary directors.
Board Composition
Ingalill Berglund / Chairman of the Board
Board member since: 2016, chairman of the remuneration committee.
Education: Higher level specialized course in economics at Frans Schartaus Handelsinstitut.
Other current positions: Director in Axfast AB, Bonnier Fastigheter AB and Stenvalvet Fastighets AB. CEO Lövsta Stuteri AB.
Previous positions and professional experience: President and CEO of Atrium Ljungberg AB. CFO of Skolfastigheter i Stockholm AB. CEO of Axfast AB.
Own and closely associated holdings: 25,000 shares
Legal person: Independent in relation to Balco and management, as well as Balco’s major shareholders.
Mikael Andersson / Director
Board member since: 2019, member of the audit committee.
Education: MSc Chemical Engineering, LTH.
Other current positions: -
Previous positions and professional experience: CEO of PMC Group, President at BU Trelleborg Waterproofing (Trelleborg AB), Division Manager Saint-Gobain Ecophon.
Own and closely associated holdings: -
Legal person: Independent in relation to Balco and management, as well as Balco’s major shareholders.
Carl-Mikael Lindholm / Director
Board member since: 2018, member of the remuneration committee.
Education: Degree of Doctor of Medicine from Karolinska Institutet in Stockholm, and a specialist degree in general medicine and oncology.
Other current positions: Chairman of the Board of Hamhus AB and its subsidiaries. Board member of Herenco Holding. Board member and head of administration at Carl-Olof and Jenz Hamrin Foundation.
Previous positions and professional experience: Doctor at Radiumhemmet at Karolinska Hospital, Oncologist at University Hospital in Linköping, Oncologist at Länssjukhuset Ryhov and Operations Manager Bankeryds Vårdcentral.
Own and closely associated holdings: 6,077,027, of which 50,000 shares are private.
Legal person: Carl-Mikael Lindholm is independent in relation to the company and its executive management, but dependent in relation to the major shareholders of the company.
Johannes Nyberg / Director
Board member since: 2018, chairman of the audit committee.
Education: MBA in International Economics from Uppsala University; Commerce Programme, School of Business Queen’s University as well as studies in economics at Humboldt University.
Other current positions: CEO of Skandrenting AB. Board Chairman of Cryonite AB. Director of Raiffeisen Leasing Nordic AB and Skandrenting AB.
Previous positions and professional experience: Several senior positions within banking and finance as well as construction and real estate, both nationally and internationally.
Own and closely associated holdings: 3,900 shares
Legal person: Johannes Nyberg is independent in relation to the company and its executive management, but dependent in relation to the major shareholders of the company.
Vibecke Hverven / Director
Board member since: 2020, member of the audit committee.
Education: Degree in engineering from the Norwegian Institute of Technology.
Other current positions: Chairman of the Board of OsloMet Storbyunderversitetet and Over Easy Solar AS. Board member of Norconsult ASA, Cambi ASA, Brekke & Strand Akustikk AS, USBL, Prevent Systems AS, and Henie Onstad Kunstsenter.
Previous positions and professional experience: Partner Considium Consulting Group AS. CEO OBOS Prosjekt AS, VP DNV GL Energy Advisory, Managing Director of Sweco Norge AS and Head of Department Statkraft Gröner AS.
Own and closely associated holdings: 4,100 shares
Legal person: Independent in relation to Balco and management, as well as Balco’s major shareholders.
Thomas Widstrand / Director
Board member since: 2021, member of the remuneration committee.
Education: Master of Business Administration from the Gothenburg School of Economics.
Other current positions: President/CEO of Troax AB.
Previous positions and professional experience: Long career within the ESAB Group, Cardo Pump AB, Borås Wäfveri AB and Troax AB.
Own and closely associated holdings: 10,000 shares
Legal person: Independent in relation to Balco and management, as well as Balco’s major shareholders.