Board, Group CEO and EMT Members

Board of Directors

The table below shows the members of the Board of Directors, when they were first elected and whether they are considered to be independent of the Company and/or the major shareholders.

			Independent of
Name	Position	Member since	The Company and executive management	The major shareholders
Patrik Tigerschiöld	Chairman	2014	Yes	No
Niklas Edling	Board member	2019	Yes	Yes
Annette Kumlien	Board member	2019	Yes	Yes
Peter Nilsson	Board member	2023	Yes	Yes
Keith Svendsen	Board member	2021	Yes	Yes

Born 1964. Swedish citizen, resident in Stockholm, Sweden. Board member since 2014 and Chairman of the board since 2018. Member of the Nomination Committee, Audit Committee and Remuneration Committee.

Education: Patrik Tigerschiöld holds an M.Sc. in Business and Economics.

Other current assignments: Chairman of Bure Equity AB and Mycronic AB. Chairman of SNS and the Association for Generally Accepted Principles in the Securities Market. Fellow of the Royal Swedish Academy of Engineering Sciences (IVA).

Recent previous assignments: –

Shareholding in the Company: Patrik Tigerschiöld and family holds 1,598,000 shares in the Company.

Born 1963. Swedish citizen, resident in Stockholm, Sweden. Board member since 2019: Member of the Audit Committee.

Education: Niklas Edling holds a M.Sc. in Mechanical Engineering from Royal Institute of Technology, Stockholm and a B.Sc. of Economics and Business Administration from Stockholm School of Economics.

Other current assignments: CEO at ScandiNova Systems AB, member of the Board of HMS Networks AB.

Recent previous assignments: SVP Corporate Development and deputy CEO at Mycronic.

Shareholding in the Company: Niklas Edling holds 83,599 shares in Cavotec.

Born 1965. Swedish citizen, resident in Skåne, Sweden. Board member since 2019: Chair of the Audit Committee.

Education: Annette Kumlien holds a Bachelor of Business Administration from Stockholm School of Economics.

Other current assignments: COO Intrum AB and member of the Board of Dirac Research AB.

Recent previous assignments: GVP and CFO at Munters Group AB, CFO and COO at Diaverum, CFO at Höganäs AB and Pergo AB.

Shareholding in the Company: Annette Kumlien holds 75,000 shares in Cavotec.

Born 1962. Swedish citizen, resident in Stockholm, Sweden. Board member since 2023: Chairman of the Remuneration Committee.

Education: Peter Nilsson holds an M.Sc. in Business and Economics from the Stockholm School of Economics.

Other current assignments: Chairman of the Board of Lindab Group, Nilfisk A/S and Deputy Chairman of Creaspac AB.

Recent previous assignments: Peter was previously, among others, Chairman of Adapteo AB and Unilode AG, deputy Chairman of the Board of Cramo OYJ and CEO of Sanitec AB and Duni AB.

Shareholding in the Company: Peter Nilsson holds no shares in the Company.

Born 1973. Danish citizen, resident in The Netherlands. Board member since 2021: Member of the Remuneration Committee.

Education: graduated as a Master Mariner from Fanoe Navigation College in Denmark, and has an Executive MBA from the London Business School, in UK.

Keith Svendsen currently serves as CEO of APM Terminals, one of the largest port terminal companies in the world and is director of a number of entities associated with A.P. Moller-Maersk and a member of the Executive Leadership Team at A.P. Moller-Maersk.

Recent previous assignments: COO of APM Terminals and before that Head of Operational Execution for the Maersk Group’s Ocean shipping part.

Shareholding in the Company: Keith Svendsen holds no shares and no warrants in the Company.