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The Board of Directors

The Board of Directors and its Chairman are appointed by the AGM. The Board is responsible for the Company’s organisation and administration of the Company’s affairs.
The Board’s duties are regulated by the Swedish Companies Act, the Articles of Association and the Rules of Procedure as adopted annually by the Board.

Hexatronic Group's Board consists of seven members elected by the General Meeting

Magnus Nicolin

Magnus Nicolin

Chairman of the Board, Board Member and Chair of the Remuneration Committee.

Member since: 2024

Year of birth: 1956

Work experience: Work experience: Magnus Nicolin has extensive international experience, having lived and worked in the US, Canada, France, Belgium, and the UK for over 40 years. He served as CEO of Australian listed Ansell Limited, a global leader in personal protective equipment (PPE), from 2010-2021, President of Newell Brands - Europe, Middle East, Africa, and Asia Pacific (USA) from 2006-2010, and before that CEO of Esselte Business Systems Inc (Sweden). Mr. Nicolin has also held senior positions at Bayer AG, Pitney Bowes Inc., and McKinsey & Company.

Education: B.Sc. degree, Stockholm School of Economics, MBA, The Wharton School of the University of Pennsylvania.

Other assignments: Chairman of the Board of Munters AB (publ), Board Member of FAM AB and Billerud AB (publ).

Shares: 60,000 shares and 200,000 call options issued by Accendo Capital SICAV RAIF.
Independent of the company, the company management and major shareholders.

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Diego Anderson

Diego Anderson

Board Member and Member of the Remuneration Committee

Member since: 2024

Year of birth: 1968

Work experience: Diego Anderson has over 30 years of experience in senior management positions in the US fiber network industry, including CEO of Lumos Fiber, Senior Vice President & General Manager at Segra, and other senior positions at nTelos and Sprint. Since January 2024, Mr. Anderson has been Executive Vice President of the Broadband Division of Schurz Communications Inc (USA).

Education: B.Sc. in electrical engineering technology from South Carolina State University, M.Sc. in Administration from Central Michigan University, M.Sc. in Management of Information Technology from the University of Virginia, McIntire School of Commerce

Other assignments: Executive Vice President at Schurz Communications (USA)

Shares: 15,000 shares.
Independent of the company, the company management and major shareholders.

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Linda Hernström

Linda Hernström

Board Member and a member of the Audit Committee.

Member since: 2024

Year of birth: 1982

Work experience: During the period 2008-2022, Linda Hernström held various senior positions within Telia, mainly related to the roll-out of fiber optic networks in Sweden. The roles include Strategic Director for Skanova and Head of Telia Fiber Business. During 2022-2024, Linda Hernström was COO of AxSol, which is part of the Axel Johnson Group.

Education: M.Sc. degree in Industrial Engineering and Management, Chalmers University of Technology

Other assignments: -

Shares: 8,000 shares.
Independent of the company, the company management and major shareholders.

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Helena Holmgren

Helena Holmgren

Board Member and Chair of the Audit Committee.

Member since: 2020

Year of birth: 1976

Work experience: Helena Holmgren was CEO of Pricer AB (publ) during the years 2018-2022, after having held the role of CFO for the company during 2015-2017.In addition, Helena Holmgren has worked in various leading positions in finance and operations for companies such as Navigio, Intrum Justitia AB (publ) and EF.

Education: MSc in Business and Administration, Lund University, MBA University of Ottawa.

Other assignments: Board Member of Profoto Holding AB (publ), Micro Systemation AB and ProGlove GmbH.

Shares: 15,000 shares.
Independent of the company, the company management and major shareholders.

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Jaakko Kivinen

Jaakko Kivinen

Board Member and a member of the Audit Committee.

Member since: 2018

Year of birth: 1970

Work experience: Jaakko Kivinen has extensive experience in corporate development, private equity, advisory, and M&A through his previous positions as a Partner at Altor Equity Partners, Partner at Soros Private Equity Partners, and Associate at Goldman Sachs. Jaakko has been a Senior Advisor to Accendo Capital since 2017. Jaakko is a Finnish citizen and is based in London.

Education: MSc in Economics, Helsinki School of Economics and MBA, University of South Carolina.

Other assignments: -

Shares: 46,500 shares.
Independent of the company, the company management and major shareholders.

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Erik Selin

Erik Selin

Board Member

Member since: 2014

Year of birth: 1967

Work experience: Erik Selin has over 25 years of experience in the real estate industry, where he founded and built-up Erik Selin Fastigheter AB and Fastighets AB Balder, among others. Erik Selin is primarily active as CEO of Fastighets AB Balder.

Education: High School Economics.

Other assignments: Board Chairman of K-Fast Holding AB, Brinova Fastigheter AB, Swedish Logistic Property AB and Norion Bank AB. Board Member and President of Fastighets AB Balder. Board Member of Neudi & Co and Hedin Mobility Group.

Shares: 7,138,503 shares via part ownership of Chirp AB.
Independent of the company, the company management and major shareholders.

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Åsa Sundberg

Åsa Sundberg

Board Member and a member of the Remuneration Committee.

Member since: 2024

Year of birth: 1959

Work experience: Åsa Sundberg has since 2012 been CEO of Teracom Group AB, which is a state-owned telecommunications infrastructure company. Prior to that, Åsa Sundberg was Chairman of Teracom Group AB and CEO of Net1 Sverige AB. Previous roles include partner at the venture capital company Provider Venture Partner, CEO of Telia Engineering and Telia Prosoft, and head of Telia International Carrier.

Education: M.Sc. degree in Real Estate Finance from KTH Royal Institute of Technology

Other assignments: Board Member of Industrifonden.

Shares: 15546 shares.
Independent of the company, the company management and major shareholders.

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Audit Committee

The Audit Committee is responsible for drafting the Board’s efforts to quality assure the Company’s financial reporting, internal control and risk management. Moreover, the Audit Committee shall keep itself informed of the audit of the Annual Report and consolidated financial statements, meet the Company’s Auditor on an ongoing basis, scrutinise the Auditor’s impartiality, evaluate the audit assignment, and assist the Nomination Committee in recommending an auditor and his/her remuneration.

The Hexatronic Group Audit Committee is comprised of Helena Holmgren (chair), Jaakko Kivinen and Linda Hernström.

Remuneration Committee

The Remuneration Committee drafts matters relating to remuneration and other employment conditions for the Company’s President and Senior Executives. The Remuneration Committee’s tasks mainly comprise drafting matters relating to remuneration principles, remuneration and other employment conditions for the company management ahead of Board decisions, and monitoring and assessing variable remuneration programmes for the company management, whether these programmes are ongoing or have come to an end in the past year. The Committee shall also monitor and evaluate the application of the guidelines for remuneration to Senior Executives on which the AGM, by law, should decide, as well as applicable remuneration structures and remuneration levels in the Company.

The Hexatronic Group Remuneration Committee is comprised of Magnus Nicolin (chair), Diego Anderson and Åsa Sundberg.