Corporate governance

Corporate governance is a set of tools consisting of applicable rules, regulations and processes by which companies are operated, regulated and controlled in order to ensure that they are run in the best interest of the shareholders and in accordance with applicable laws and regulations.

Corporate governance is exercised through structures of decision making and control functions. An important element of good corporate governance is providing the shareholders and the capital market with relevant and accurate information.

Prospectus and Company Description

Read more:
General meeting
Articles of association
Board Of Directors



Ronne Hamerslag

Chief Executive Officer since july 2022

Born: 1969

Education: M.Sc in Metallurgy and Materials Technology, Royal Institute of Technology (KTH), Stockholm

Background: Ronne has previously held a managerial roles within Boliden’s raw materials supply and the procurement organization. Prior to that, he has held a number of operational and business leadership roles in international operations. Ronne also has experience from several start-up companies and board positions.

Other assignments:  Board Member of the subsidiary Ludvika Gruvor AB. Board Member Mahvie Minerals AB

Holdings in the Company:

Ulf Kasshag

Chief Financial Officer, CFO

Born: 1959

Education: Bachelor of Science in business administration, University of Stockholm. Course IMD Business School.

Background: Ulf Kasshag has more than 35 years of working experience as auditor, controller, internal auditor and CFO from companies like Price Waterhouse, Learning Tree International, Borland International, EDS, StreamServe, Snow Software and Findity.

Independent in relation to the company, its management and major shareholders.

Other assignments: Senior advisor, Sakofall Fastigheter i Sverige AB and Betagenon AB.

Holdings in the Company:

Board Of Directors

Bengt Nilsson

Chairman since June 2023

Born: 1961

Other assignments: Bengt has no other assignments.

Background: Bengt Nilsson has almost 30 years’ experience of management in the Swedish steel industry. Bengt has, among other positions, been CEO of Åkers Group and Managing Director of SSAB Oxelösund. Bengt has also been CEO of Edsbyn Senab which operates in the furniture- and interior design industry.

Independent in relation to the company, its management and major shareholders.

Holdings in the Company:

Tomas Olofsson

Board Member May 2017 (Alternate director 2014 – 2016)

Born: 1968

Other assignments: Managing director of Lemont AB, owner, partner and board member of Ludvika Holding AB, Grytänge Invest AB, Matojo AB, Fastighets AB Morgårdshammar, Datorama AB, Abacus Sales AB, A. Rentall AB and Mecapto AB plus Svanströms Lackeringar AB, Rondic Invest AB.

Background: Thomas Olofsson is an entrepreneur with 20 years of experience from the engineering industry. He has built and developed a number of industrial, staffing and real estate companies.

Independent in relation to the company and its management but not from major shareholders.

Holdings in the Company: 4,453,483 shares through owned companies.

Jonas Bengtsson

Board Member since 2011

Born: 1969

Education: MBA, Stockholm University.

Other assignments: Board member of Bengtssons Tidnings AB with subsidiaries, Zensum AB,  Jonas Bengtsson Invest AB with subsidiaries and  Svenska Nyttobostäder AB with subsidiaries.

Background: Jonas Bengtsson is a partner at BTAB Invest and has 15 years experience in the financial sector and the development of small and medium-sized industrial and property companies.

Independent form the company and its management but not from major shareholders.

Holdings in the Company: 524,105 shares directly and 7,799,238 shares through corporate holdings.

Gösta Bergman

Board Member since  August 2018

Born: 1950

Education: LL.B. from StockholmUniversity

Other assignments:  Chairman of the Board in OptiMobile AB and owner of Advokatfirman Bergman & Partners AB

Background: Business Lawyer since 1978 with experience from companies including Ericsson, Unisys, Ovako Steel and as chairman of the board of Grängesberg Iron AB.

Independent form the company and its management and from major shareholders.

Holdings in the Company:

Tobias Hansson

Board Member since June 2023

Born: 1977

Other assignments: CEO of Hitachi Energy Sweden and Board member in Hitachi Energy Sweden, Teknikföretagen and Luleå University of Technology among others.

Background: Tobias has more than 20 years’ experience from different positions in ABB, most recently Senior Vice President, Power Transformers in Europe.

Independent in relation to the company’s management and major shareholder. Not independent in relation to the company.

Holdings in the Company:


Hans Thorshag

Technical director since 2011


Education: Mining Engineer, Royal Institute of Technology (Kungliga Tekniska högskolan), Stockholm, Sweden

Background: Hans Thorshag has more than 37 years’ experience from the mining industry as a project manager, production manager and mining specialist at companies such as LKAB, Boliden, Midroc Gold and Lundin Mining. Also, he is nominated Qualified Person in accordance with SveMin’s regulatory framework.

Other assignments: Board member of HT Mineral AB and partner in Mining and Milling in Bergslagen Handelsbolag.

Holdings in the Company: 14 000 shares.

Paul Marsden 

Technical and Marketing advisor  since 2011

Born: 1957

Education: Bachelor of Science in geology, Aston University, Birmingham, UK, Chartered Engineer (C Eng) and Chartered Scientist (CSci).

Background: Paul Marsden has over 35 years’ experience in the development of iron ore and steel industry projects globally and has, in recent years, held various executive positions at NIO and Northland Resources SA, most recently as Technical Sales and Marketing Director at NIO and VP Business Development at NAUR. Prior to this, Paul Marsden was engaged as a consultant in the international mining, iron and steel industries, including nearly 27 years with Corus Consulting (formerly British Steel Consultants Ltd). Paul Marsden’s last position at Corus Consulting was as project director which included, among other things, responsibility for managing industry development projects and feasibility studies. Paul’s expertise is in mineral processing, alternative iron-making processes and global iron ore markets. Paul Marsden is nominated a Qualified Person in accordance with the Institute of Metals, Minerals and Mining (IOM3) and its regulatory framework.

Other assignments: No other assignments.

Innehav i bolaget: 17 740 Shares.

LennartLennart Eliasson

Financial advisor

Born: 1956

Education: MBA, Uppsala University.

Background: Lennart Eliasson has previously been CEO of Nordic Iron Ore 2018-2022 and CFO 2011- 2018. Lennart has also worked as an Authorised Public Accountant at KPMG, where he was a partner and worked as a specialist in financial analysis and valuation issues. He subsequently worked as an advisor for ten years, primarily concerning raising venture capital and IPOs.

Other assignments: Board member of the subsidiaries Ludvika Gruvor AB and LEAdvisory AB.

Holding in the company: 50,000 shares.