The Board and the CEO

The task of the Board of Directors is to manage the company's affairs on behalf of the owners. The Board's work is governed by applicable laws and recommendations as well as by the Board's rules of procedure, which include rules regarding the division of work between the Board and the CEO, financial reporting, investments and financing. The rules of procedure are determined annually at the statutory Board meeting, held in conjunction with the AGM.

Board and CEO

Lars Stenlund

Chairman of the Board

Founder of the company, together with Olov Sandberg, in 1985. Employed 1985–2021. CEO 1990–2021. Board member 1985–2009. Chairman of the Board since 2021. Born in 1958.
PhD in applied physics from Umeå University, 1987.
Board member of Umeå University Holding AB, Treac AB. Former assistant professor at Umeå University.
Holdings in Vitec: 1,170,000 class A shares, 212,245 class B shares (including related parties). No convertibles. Warrants for 10,000 class B shares.
Dependent in relation to the Company. Is the Company’s largest shareholder in terms of votes.

Jan Friedman

Board member

Board member since 2010. Born in 1952.
MBA from the Stockholm School of Economics in 1978.
Chairman of the Board of IFITAB Holding AB. Board member for Agora Networks Oy. Many years of experience from various CEO, board and consultancy assignments.
Holdings in Vitec: 13,995 class B shares through company, no convertibles.
Independent in relation to the Company and its shareholders.

Birgitta Johansson-Hedberg

Board member

Board member since 2011. Born in 1947.
BA, MSc in Psychology from Lund University, 1972.
Board Chairman of Sörmlands Sparbank. Board member of Hedberg Ekologkonsult AB and Sparbankernas Ägareförening. Former CEO of Lantmännen, Föreningssparbanken and Liber.
Holdings in Vitec: 7,500 class B shares, no convertibles.
Independent in relation to the Company and its shareholders.

Malin Ruijsenaars

Board member

Board member since 2023. Born 1971.
Human Resources Management and Labor Relations Program, Lund University, 1997.
Talent Manager and business developer at AB Grenspecialisten since 2019.
Running her own consulting company, Cephalon AB.
Previous board assignments for e.g. Lime Technologies, Probi, Tretton 37 Group and IDL Biotech.
Holdings in Vitec: no shares, no convertibles.
Independent in relation to the Company and its shareholders.

Kaj Sandart

Board member

Board member since 1998. Born in 1953.
MSc in Engineering from the Royal Swedish Institute of Technology in 1977.
Director at Hallvarsson & Halvarsson Group. Director of Vallabacken Invest AB and Milox AB, as well as the association Baltic Deepwater Life with its subsidiaries. Former Chief Information Officer of ÅF (now AFRY) and CEO of Svensk Energiförsörjning AB.
Holdings in Vitec: 116,000 class B shares including related parties.
Independent in relation to the Company and its shareholders.

Anna Valtonen

Board member

Board member since 2012. Born in 1974.
PhD. Department of Industrial and Strategic Design, Helsinki, Finland, 2007.
Professor of Strategic Design, Aalto University. Former Vice President of Aalto University and dean of the School of Arts, Design and Architecture at Aalto University. Professor and Dean of the Umeå Institute of Design at Umeå University, as well as industrial design, including Head of Design Research & Foresight, Nokia. Chairperson of the Board of the Design Museum in Helsinki and Kalevala Jewelry. Also has several other international assignments and seats on various boards.
Holdings in Vitec: no shares, no convertibles.
Independent in relation to the Company and its shareholders.

Olle Backman

CEO

More about corporate governance

The Board and the CEO Group Management Corporate governance reports General Meeting documents Vitecs bolagsordning Insiders