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Sandvik AB (SAND.ST)

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Summary

Name Age Since Current Position

Johan Molin

58 2015 Independent Chairman of the Board

Bjorn Rosengren

58 2016 President, Chief Executive Officer, Director

Tomas Eliasson

55 2016 Chief Financial Officer, Executive Vice President

Goran Bjorkman

51 2017 President - Business area Sandvik Materials Technology

Asa Thunman

48 2014 Executive Vice President, General Counsel, Secretary to the Board

Johan Kerstell

47 2016 Executive Vice President, Head of Human Resources

Jessica Alm

40 2013 Executive Vice President, Head of Group Communications

Lars Engstrom

54 2016 President of the Sandvik Mining and Rock Technology Business Area

Klas Forsstrom

50 2017 President of the Sandvik Machining Solutions Business Area

Tomas Karnstrom

51 2006 Director, Employee Representative

Thomas Lilja

42 2016 Director, Employee Representative

Helena Stjernholm

47 2016 Director

Jennifer Allerton

66 2015 Independent Director

Claes Boustedt

55 2015 Independent Director

Johan Karlstrom

60 2011 Independent Director

Lars Westerberg

69 2010 Independent Director

Ann-Sofie Nordh

48 2014 Chief Investor Relations, Spokesperson

Biographies

Name Description

Johan Molin

Mr. Johan Molin has been Independent Chairman of the Board at Sandvik Aktiebolag since May 7, 2015. He is also Chairman of the Remuneration Committee and Member of the Nomination Committee. He holds a Master of Science in Business and Economics degree from the Stockholm School of Economics. He has been President and CEO of ASSA ABLOY since 2005 and previously served as President and CEO of Nilfisk-Advance 2001–2005 and in various positions within the Atlas Copco Group 1983–2001. He is Board Member of ASSA ABLOY AB.

Bjorn Rosengren

Mr. Bjorn Rosengren has been President and Chief Executive Officer of Sandvik AB since November 1, 2015. He has been Director of the Company since April 28, 2016. He holds a Master of Science degree in Technology. He was President and CEO of Wartsila 2011–2015. He also served as Senior Executive Vice President Atlas Copco AB and Business Area President for Construction and Mining Technique 2002–2011 as well as President of the Atlas Copco Rock Drilling Equipment division 2001–2002 and President of the Atlas Copco Craelius division 1998–2001, GM of Nordhydraulic, Nordwin AB, Sweden 1995–1998. He also held various positions within ESAB Group 1985–1995. He is Member of the Board of Danfoss A/S.

Tomas Eliasson

Mr. Tomas Eliasson has been appointed Chief Financial Officer and Executive Vice President at Sandvik Aktiebolag effective as of April 1, 2016. He was Chief Financial Officer for Electrolux from 2012 till 2016. Previously, he was CFO for ASSA ABLOY AB during 2006-2012 and Seco Tools AB between 2002 and 2006. His professional career started at ABB in 1987. He was Financial Manager of ABB Flexible Automation AB 1997-1999, and held various positions within the ABB Group in Sweden and Australia 1987-1997. He is Board Member of Millicom International Cellular S.A. He holds a bachelor of science in business administration and economics from Uppsala University, Sweden.

Goran Bjorkman

Mr. Goran Bjorkman has been appointed President - Business area Sandvik Materials Technology of the Company effective on 11 - 01 - 2017. He has been with the company since 1990 of which almost 20 years at the materials technology operations. Currently he has the position as Vice President Production at Sandvik Coromant and Vice President Production Strategy, Sandvik Machining Solutions.

Asa Thunman

Ms. Asa Thunman has been Executive Vice President, General Counsel and Secretary to the Board of Sandvik AB since October 1, 2014. She served as Senior Vice President General Counsel of Securitas Group from 2011 until 2014, having joined the company in 2009. Prior to Securitas, she held senior positions at Elekta AB (1999-2009), one of which as General Counsel. She also has experience from private practice at a Swedish law firm Lagerlof & Leman (1996-1999). She holds a Master of Laws degree.

Johan Kerstell

Mr. Johan Kerstell has been appointed Executive Vice President and Head of Human Resources at Sandvik Aktiebolag effective as of June 1, 2016. He has been with Sandvik since 2004. He was Vice President and Head of Human Resources at Sandvik Coromant. Before joining Sandvik, he worked for Cap Gemini (1999-2003). Johan Kerstell has a Master of Science in Business and Economics from Uppsala University, Sweden.

Jessica Alm

Ms. Jessica Alm has been Executive Vice President and Head of Group Communications at Sandvik AB since July 1, 2013. Before that, she has been Vice President Communication and Marketing at Sandvik Coromant (2012-2013) and Internal Communication Manager at Sandvik Coromant (2010-2012). She has been employed at the Company since 2006. She holds a Master of Science degree in Geological and Earth Sciences/Geosciences and Journalism.

Lars Engstrom

Mr. Lars Engstrom has been appointed President of the Sandvik Mining and Rock Technology Business Area within Sandvik AB effective as of July 1, 2016. Before that, he has been President of the Sandvik Mining Business Area at the Company since December 15, 2015. He was Acting President and CEO of BE Group AB from 2014 to 2015. Lars Engstrom, previously Acting President and CEO of the air treatment solutions company Munters AB (2006-2014), has industrial background with over a decade’s experience from the Mining and Construction industry. He has held leading positions within Atlas Copco (1994-2006), including as President of the Rock Drilling Equipment and Underground Rock Excavation Division (2002-2006), as General Manager and responsible for sales in Australia and New Zealand (2000-2002) and also Vice President functions within Marketing and Finance for the Rock Drilling Tools Division. Lars Engstrom has several years’ experience from Seco Tools (1988-1994) and his career comprises international positions with locations in several continents. He is Board Member of the industry association Svemin. He holds Master of Science degree in Industrial Engineering and Management.

Klas Forsstrom

Mr. Klas Forsstrom has been appointed President of the Sandvik Machining Solutions Business Area at Sandvik Aktiebolag effective as of April 1, 2017. He has been with the Sandvik group since 1992. From 2011 till 2017, he was President of Sandvik Coromant where he has worked most of his career. In addition, he has held managerial positions within other product areas such as Dormer and Sandvik Hard Materials (today Sandvik Hyperion). His work has comprised leading positions within several areas; R&D, marketing, business development and sales. He holds M.Sc. Material Physics and an MBA in International Marketing and Business, Uppsala University, Sweden. He completed Advance Management Program at INSEAD, France.

Tomas Karnstrom

Mr. Tomas Karnstrom has served as Employee Representative on the Board of Directors of Sandvik AB since 2006. He is Chairman of the Union Committee, Metal Worker’s Union, Sandvik Materials Technology and he has held various positions within the Company since 1986.

Thomas Lilja

Mr. Thomas Lilja has been Director, Employee Representative at Sandvik Aktiebolag since April 28, 2016. He is Technical College Graduate - Mechanical Engineering. He is Chairman Trade Union, Unionen Sandvik Sweden and Unionen Coromant & Machining Solutions. He was Process & System Coordinator Direct Purchasing at Sandvik Tooling 2007–2010 and Professional Buyer Direct Material at Sandvik Coromant/Tooling 2000–2007. He held various positions within production and logistics at Scania 1995–2000.

Helena Stjernholm

Ms. Helena Stjernholm has been Director of Sandvik Aktiebolag since April 28, 2016. She is Member of the Audit Committee. She holds M.Sc. in Economics. She has been President and CEO of AB Industrivarden since 2015. Prior to joining Industrivarden, she was a partner in the private equity firm IK Investment Partners where she had worked since 1998. From 1997 till 1998 she worked as a consultant at Bain & Company. She is Board member in AB Industrivarden, AB Volvo and Telefonaktiebolaget LM Ericsson.

Jennifer Allerton

Ms. Jennifer Allerton has been Independent Director at Sandvik Aktiebolag since May 7, 2015. She holds M.Sc. in Physics and B.Sc. in Mathematics, Physical Sciences and Geosciences. She was Chief Information Officer at F. Hoffmann-La Roche Ltd 2002–2012, Technology Director at Barclaycard 1999–2002 and held various positions at ServiceNet, USA, BOC (now Linde), Cable & Wireless Business Networks and Unilever plc. She is Board member of Iron Mountain Inc and AVEVA Group plc.

Claes Boustedt

Mr. Claes Boustedt has been Independent Director at Sandvik Aktiebolag since May 7, 2015. He is also Chairman of the Audit Committee. He holds Master of Business Administration degree. He has been Executive Vice President of L E Lundbergforetagen AB since 1997 and President of L E Lundberg Kapitalforvaltning AB since 1995. He is Board Member of Hufvudstaden AB.

Johan Karlstrom

Mr. Johan Karlstrom has served as Independent Member of the Board of Directors of Sandvik AB since 2011. He is Member of the Remuneration Committee. He has been President of Skanska AB since 2008. He previously held various senior positions at BPA (currently Bravida) (1995-2000). He is also Member of the Board of Skanska AB. He holds a Master of Science degree in Engineering.

Lars Westerberg

Mr. Lars Westerberg has been Independent Member of the Board of Directors of Sandvik AB since 2010. He is Member of the Audit and Remuneration Committees. During the course of his career, he was President and Chief Executive Officer of Autoliv Inc. (1999–2007), Granges AB (1994–1999) and ESAB (1991–1994). Prior to this, he has held various positions within ESAB and ASEA since 1972. Mr. Westerberg is Board Member at SSAB, AB Volvo and Stena AB. He holds a Bachelor of Science degree in Economics and a Master of Science degree in Engineering.

Ann-Sofie Nordh