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Board of Directors

Cavotec’s Board of Directors consists of six ordinary members, including the chairman of the board, with no deputy board members, all of whom are elected for the period up until the end of the annual shareholders’ meeting 2020. 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

Fabio Cannavale

Board member

2010

Yes

No

Niklas Edling

Board member

2019

Yes

Yes

Roberto Italia

Board member

2018

Yes

Yes

Annette Kumlien

Board member

2019

Yes

Yes

Erik Lautmann

Board member

2007

Yes

Yes

 

 

Patrik

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, Mycronic AB, The Swedish Association of Listed Companies and The Association for Generally Accepted Principles in the Securities Market. Member of the Board of Directors of Fondbolaget Fondita AB and Ovzon AB. Patrik is also a Fellow of the Royal Swedish Academy of Engineering Sciences (IVA).

Previous assignments (last five years): Member of the Board of Directors of Stockholm University and Mercuri International Group AB.

Shareholding in the Company: Patrik Tigerschiöld holds 698,000 shares in the Company.

Fabio

Born 1965. Italian citizen, resident in Collina d’Oro, Switzerland. Board member since 2010.

Education: Fabio Cannavale holds a diploma in engineering from Politecnico di Milano and an MBA from INSEAD, Fontainebleau, France.

Other current assignments: Chairman of Lastminute.com group. Member of the Board of Directors of Nomina SA and Consortium Real Estate BV.

Previous assignments (last five years): –

Shareholding in the Company: Fabio Cannavale holds 7,583,008 shares in the Company, (through Nomina SA, in which Fabio, together with related parties, hold 100 per cent of the shares).

Roberto Italia

Born 1966. Italian citizen, resident in Collina d’Oro, Switzerland. Board member since 2018. Member of the Audit Committee.

Education: Roberto Italia graduated cum laude in Business and Economics from LUISS, Rome (Italy) and has an MBA with distinction from INSEAD, Fontainebleau (France).

Other current assignments: Chairman of Avio (AVIO.MI). Member of the Board of Directors of lastminute.com Group (LMN. SW) and of a number of private companies associated with his investment activities.

Previous assignments (last five years): Partner at Cinven.

Shareholding in the Company: Roberto Italia does not hold any shares or warrants in the Company.

Erik

Born 1950. Swedish citizen, resident in Stockholm, Sweden. Board member since 2007. Chairman of the Remuneration Committee.

Education: Erik Lautmann holds a BSc from the Stockholm School of Economics.

Other current assignments: Fellow of the Royal Swedish Academy of Engineering Sciences (IVA).

Previous assignments (last five years): Chairman of MYBW gruppen Holding AB, Attendo AB and Actic AB.

Shareholding in the Company: Erik Lautmann holds 133,562 shares in the Company.

niklas

Born 1963. Swedish citizen, resident in Stockholm, Sweden. Board member since 2019.

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: SVP Strategy & Portfolio Management at Mycronic, member of the Board of Aritco AB.

Previous assignments (last five years): SVP Operations at Mycronic.

Shareholding in the Company: Niklas Edling holds 60,000 shares and no warrants in the Company.

Annette

Born 1965. Swedish citizen, resident in Skåne, Sweden. Board member since 2019.

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

Other current assignments: Advisor for strategic projects for the Diaverum group.

Previous assignments (last five years): CFO and later SVP and COO in Diaverum group, with focus on driving organic growth and operational excellence.

Shareholding in the Company: Annette Kumlien holds no shares and no warrants in the Company.