Management team

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David Pagels

CEO

Born 1968. Swedish citizen. CEO since 2022.

Education: Executive MBA, Stockholm School of Economics, Sweden. M.Sc. in Mechanical Engineering, Luleå University of Technology, Sweden. B.Sc. in Mechanical Engineering, University of Växjö, Sweden.

Previous assignments: CEO Dellner Couplers AB. Head of Global Sourcing at Xylem Europe GmbH. Director, Strategic Sourcing, Bombardier Transportation.

Holdings in Cavotec: 750,000 shares and 1,500,000 call options issued by Bure Equity AB.

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Joakim Wahlquist

CFO

Born 1977. Swedish citizen. CFO since 2023.

Education: M.Sc. in Business Administration, Linköping University, Sweden. Executive Education, Stockholm School of Economics, Sweden.

Previous assignments: Managing Director Financial Services Russia at Scania. CFO Russia & Central Asia at Scania. CFO Hong Kong at Scania.

Holdings in Cavotec: 75,000 shares and 150,000 call options issued by Bure Equity AB.

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Patrick Baudin

President, Services

Born 1971. Canadian and French citizen. President Services since 2018.

Education: MBA HEC School of Business, Paris, France. B.Sc. in Mechanical Engineering, McGill University, Montreal, Canada.

Previous assignments: President and member of the Board of Directors of GE Renewable Energy Canada Inc.

Holding in Cavotec: 10,000 shares.

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Jonathan Eriksson

Senior Vice President, Head of Industry Division

Born 1992. Swedish citizen. Senior Vice President and Head of Industry Division since 2025.

Education: M.Sc. in Industrial Management and Engineering, Royal Institute of Technology, Stockholm, Sweden.

Previous assignments: Senior positions at Cavotec 2020–2025 such as Vice President Industry Division, Vice President and Head of Business Development and Project Director, Global Operations. Management consultant, Roland Berger. Project leader, Atlas Copco Industrial Technique.

Holding in Cavotec: 12,500 shares through pension scheme.

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Patrick Mares

Senior Vice President, Product Management and Chief Technology Officer

Born 1962. Belgian citizen. Senior Vice President, Product Management and Chief Technology Officer since 2025.

Education: M.Sc. in Engineering, University of Leuven, Belgium.

Previous assignments: Head of Ports & Maritime Division 2019–2024. Vice President EMEA, Harsco Rail. Vice President Sales & Business Development, GKN Land Systems. President EMEIA, Ingersoll Rand Security Technologies. Leadership positions at General Electric.

Holding in Cavotec: 18,950 shares.

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Jörgen Ohlsson

Senior Vice President, Head of Global Operations

Born 1970. Swedish citizen. Senior Vice President, Head of Global Operations since 2023.

Education: M.Sc. in Mechanical Engineering, Linné university, Kalmar, Sweden.

Previous assignments: Production Director for Xylem’s site in Emmaboda, Sweden. Strategic Sourcing at Ericsson. Positions in production and sourcing at Bombardier.

Holding in Cavotec: 1,095 shares.

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Vanessa Tisci

Chief Legal & Human Resources Officer

Born 1982. Italian citizen. Group General Counsel & Group Compliance Officer since 2020. Chief Legal & Human Resources Officer since 2023.

Education: Admitted to practice law in New York and Italy. Attended the Universities of Bologna and Milan, Italy. Master’s degree in Law, Stanford Law School, UK.

Previous assignments: Head of Legal of The SCP Group. Senior International Counsel for Walgreens Boots Alliance. New York qualified attorney and corporate lawyer at major law firms in the US.

Holding in Cavotec:

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Nicklas Vedin

Senior Vice President, Head of Ports & Maritime Division

Born 1991. Swedish citizen. Senior Vice President, Head of Ports & Maritime Division since 2025.

Education: M.Sc. in Industrial Engineering and Management, Linköping University, Sweden.

Previous assignments: Senior positions at Cavotec 2018–2025 such as Vice President Sales in the Ports & Maritime Division and Vice President, Product Management for MoorMaster. Management consultant at Ericsson in Sweden and the US.

Holding in Cavotec: 10,000 shares.

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