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
Anders Davidsson / Chairman of the Board
Director since: 2026, Chair of the Audit Committee and the Remuneration Committee.
Education: Master of Science in Economics from Uppsala University.
Other current assignments: CEO of Herenco AB.
Previous positions and professional experience: CEO Fristad Kansas AB. CEO Bong AB (publ).
Own and closely associated holdings: -
Legal person: Anders Davidsson is independent in relation to the company, its executive management, but dependent in relation to major shareholders of the company.
Johan Dyberg / Director
Director since: 2026.
Education: Master of Science in Mechanical Engineering from the Royal Institute of Technology in Stockholm.
Other current assignments: Partner in Inivi AB. Member of the Board of Directors of Pronect AB (part of Liljedahl Group AB).
Previous positions and professional experience: Deputy CEO and Head of Division at Addtech AB (publ). Various positions at Husqvarna AB (publ).
Own and closely associated holdings: -
Legal person: Johan Dyberg is independent in relation to the company, its executive management and the major shareholders of the company.
Michael Wickell / Director
Director since: 2026.
Education: Bachelor of Science in Mechanical Engineering and Master of Business Administration from Linnaeus University in Växjö.
Other current assignments: CEO and owner of Viverk AB.
Previous positions and professional experience: CEO Hydroware AB. CEO Balco.
Own and closely associated holdings: -
Legal person: Michael Wickell is independent in relation to the company, its executive management and the major shareholders of the company.
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.
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 Cambi ASA, Brekke & Strand Akustikk AS, USBL, Prevent Systems AS, and JM Hansen AS.
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: Chairman of the Board of HAKI Safety AB and Opima Holding AB. Board member of Troax Group AB, Arla Plast AB and Elcowire Group AB.
Previous positions and professional experience: President and CEO of Troax AB. 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.