Board of Directors

Minesto's Board of Directors consists of a mix of highly experienced people combining entrepreneurial track records and extensive experience of business development with expertise in technology development, commercialisation of new products and project finance.

Bengt Adolfsson

Chairman of the Board. First elected in 2010. Independent in relation to the company. Not independent of the company's major shareholders (represents BGA Invest AB).

Bengt Adolfsson is Managing Director and owner of the investment company BGA Invest. Previous positions include the role as CEO and later Chairman of Hildning Anders, at the time Europe’s largest bed company. During Bengt Adolfssons time at Hildning Anders the company grew from a turnover of €6m to nearly €400m.

Year of birth: 1949

Education: Economic studies.

Other assignments: Chairman of SmartRefill i Helsingborg AB. Board member of Acconeer AB, Watersprint AB and Digimail Sverige AB.

Holdings in Minesto including associates: 28,467,980 shares.

Git Sturesjö Adolfsson

Board member. First elected in 2010. Independent in relation to the company. Not independent of the company's major shareholders (represents BGA Invest AB).

Git Sturesjö Adolfsson is vice president of BGA Invest. She has 20 years of experience in top management leading marketing and sales organisations in both international and domestic business in L’Oréal, Arla Foods as Marketing manager and Malmö Aviation as Vice President Sales and Marketing.

Year of birth: 1961

Education: Economics Degree.

Other assignments: Board member of Acconeer AB, SmartRefill i Helsingborg AB and Digimail Sverige AB.

Holdings in Minesto including associates: 28,467,980 shares.

Göran Linder

Board member. First elected in 2007. Independent in relation to the company. Not independent of the company's major shareholders (represents Midroc New Technology AB).

Göran Linder is managing director of Midroc New Technology AB and Midroc Invest AB. He has over 25 years of diversified sales, business development and management experience, with extensive knowledge across technology-related fields.

Year of birth: 1962

Education: M.Sc. in Engineering.

Other assignments: Board member of Midroc New Technology AB, Midroc Invest AB, Midroc Finans AB, PowerCell AB, Crunchfish AB, Nilsson Special Vehicles AB, QCG Sweden AB and Promore Pharma AB .

Holdings in Minesto including associates: 20,709,060 shares.

Javier Sanz

Board member. First elected in 2018. Independent in relation to the company and to the company's major shareholders.

Javier Sanz is CTO Renewable Energies at InnoEnergy, a leading European investor in renewable energy, where he leads the company’s strategy in renewable energy. He has more than 25 years of professional experience developing new products and bringing them to the market in the energy and aerospace sectors.

Year of birth: 1967

Education: M.Sc. in Aerospace Engineering, M.Sc. in Renewable Energies, Ex-MBA InnoEnergy Business School

Other assignments: –

Holdings in Minesto including associates: 0

Jonas Millqvist

Board member. First elected in 2018. Independent in relation to the company and to the company's major shareholders.

Jonas Millqvist is Senior Underwriter at Denmark’s Export Credit Agency. He has extensive experience in business development and finance in renewable energy, having worked eight years for global wind turbine manufacturer Vestas Wind Systems. During his time with Vestas, Jonas led teams in treasury and structured finance, facilitating large-scale wind power projects through different financial solutions.

Year of birth: 1961

Education: B.Sc. in Economics and Political Science.

Other assignments: –

Holdings in Minesto including associates: 1,000 shares.

Dr Martin Edlund

Board member and CEO. First elected in 2008. Not independent in relation to the company (part of the executive management team). Independent of the company's major shareholders.

Dr Martin Edlund has for the last 20 years combined management consulting and strategy research collaboration with world-class technology companies such as ABB, GE, LM Ericsson and SKF. He has been active in the marine energy industry for the last decade. Martin Edlund has been CEO of Minesto since 2016, leading the company’s strategy to commercialise its unique product.

Year of birth: 1969

Education: Ph.D. in Innovation Management, M.Sc. in Engineering Physics.

Other assignments: –

Holdings in Minesto including associates: 80,000 shares and 260,000 stock options.

Andreas Gunnarsson

Deputy board member. First elected in 2007. Independent in relation to the company. Not independent of the company's major shareholders (represents Midroc New Technology AB).

Andreas Gunnarsson is Portfolio Director at Midroc New Technology. Previous positions include Investment Manager at Saab Ventures. He carries an extensive experience of developing and growing high-tech start-ups ever since the mid-1990s.

Year of birth: 1974

Education: Business studies

Other assignments: Chairman of Heliospectra AB, Lamera AB and WRAP International AB. Board member of Air to Air Sweden AB and SolarWave AB.

Holdings in Minesto including associates: 0