Corporate governance at Nordic Iron Ore is based on Swedish legislation, the company’s articles of association and internal instructions. The Swedish Corporate Governance Code (“the Code”) applies to Swedish limited liability companies whose shares are listed on a regulated market. As Nordic Iron Ore is not listed on a regulated market, it is not obliged to apply the Code but has chosen to apply certain sections of the Code. For more information on the company’s corporate governance, see the Annual Report 2023.
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General meeting
Articles of association
Management
Board Of Directors
Advisors
Management
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: 49 064
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.
Other assignments: Senior advisor, Sakofall Fastigheter i Sverige AB and Betagenon AB.
Holdings in the Company: –
Karl-Owe Svensson
Head of Logistics
Born: 1959
Education: Diploma in Marketing from IHM Business School. Completed Boliden Management Development Program, Executive Management Program (IFL), and Boliden Procurement Academy.
Background: Karl-Owe Svensson has over 40 years of experience in shipping, logistics, and commercial management. He has held roles as chartering manager and purchasing manager within shipping and energy, as well as senior positions at Boliden AB, overseeing logistics and the sale of metal concentrates. During his years at Boliden, he was a member of the Business Area Mines management group, reporting directly to the head of the business area.
Other assignments: –
Holdings in the Company: 2000
Ylva Wård
Director of EHSQ & HR
Education: Certified in environmental and sustainability management, with specialist expertise in environment, occupational health and safety, as well as quality assurance.
Background: Ylva Wård has extensive experience as a leader in the environmental and sustainability sector, most recently serving as Environmental and Sustainability Manager at Engebø Rutile & Garnet, Nordic Mining, and previously at Sydvaranger AS. She possesses broad expertise in EHSQ, including policy development, regulatory compliance, stakeholder engagement, and the management of both personnel and consultants.
Other assignments: –
Holdings in the Company: –
Magnus Lundin
Director Technology & Projects
Born: 1967
Education: Technical High School, LEAN Six Sigma Black Belt, Operational Leadership (OPL)
Background:Magnus Lundin has extensive experience as a project manager and maintenance manager in the mining and steel industry. Magnus comes from the role of Consultant Manager at Aenigma Bergslagen combined with the role of Project Manager Backfill and Ventilation at Boliden Garpenberg. Previously, Magnus has held a number of important roles at Outokumpu Avesta.
Other assignments: –
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.
Anders Bengtsson
Board Member
Born: –
Other assignments: –
Background: Partner in Bengtssons Tidnings Aktiebolag, invests in companies in mobile IT, mineral resources and mining, real estate and renewable energy
MBA from Middlebury Institute of International Studies at Monterey, USA
20 years as CEO in small and medium-sized companies
Independent in relation to the company and its management but not from major shareholders.
Holdings in the Company: 10,697,711
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 in relation to the company, its management and 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: –
Pierre Heeroma
Board Member
Born: –
Other assignments: –
Background: Over 20 years’ experience within the steel and
metal industry with several renowned positions at leading companies including:
Currently Board director SSAB (Swedish Steel AB), Vanadis Battery Metals AB (Aura Energy), member of Expert Pool for Critical Raw Materials in European Commission and more.
Independent in relation to the company, its management and major shareholders.
Holdings in the Company: –
Leon Davies
Board Member
Born: –
Other assignments: –
Background: Over 15 years’ experience from the raw material
industry including:
Currently Atlantic Customer Lead and Global Sustainability Lead, Cargill Metals, London Non-executive Director, Tacora Resources, Canada, Europe Commercial Lead, Cargill Metals, London and Head of Metallurigcal Coal, globalCOAL Ltd, London / Singapore
Independent in relation to the company and its management but not from major shareholders.
Holdings in the Company: –