Board of Directors auditors

Members of the Board

Clas ke Hedstrm, b. 1939.
Chairman since 2002, Director of Sandvik AB since 1994.
Education and business experience:
MSc. Eng. President and CEO of Sandvik
AB 19942002. President of Sandvik
Tooling business area 19801994 and
various positions within Sandvik Coromant 19651980.
Current Board assignments: Director of
AB SKF.
Shareholding in Sandvik (own and
closely related persons): 225,000.
Lars Pettersson, b. 1954.
Director of Sandvik AB since 2002.
Education and business experience:
MSc. Eng., PhD Honorary. President and
Chief Executive Officer of Sandvik AB
since 2002. Group Executive Vice President and President of Sandvik Specialty
Steels business area 20002002. Various
positions within production and management in Sandvik 19781999.
Current Board assignments: Director of
Skanska AB and Teknikfretagen.
Shareholding in Sandvik (own and
closely related persons): 113,654.
Georg Ehrnrooth, b. 1940.
Director of Sandvik AB since 1997.
Education and business experience:
Graduate engineer, D.Tech. Honorary.
President of Metra Oyj (currently Wrtsil Oyj Abp) 19912000, President of
Lohja Oyj Abp 19791991, various positions in production and management
within Wrtsil Oyj Abp 19651979.
Current Board assignments: Chairman of
the Board of Sampo plc, Director of Oy
Karl Fazer Ab and Nokia Oyj.
Shareholding in Sandvik (own and
closely related persons): 55,000.

104

SANDVIK ANNUAL REPORT 20 08

Fredrik Lundberg, b. 1951.

Director of Sandvik AB since 2006.
Education and business experience:
MSc. Eng., B.Sc. (Econ.), D.Econ Honorary, D.Tech. Honorary. Active in L E
Lundbergfretagen AB since 1977 and
Chief Executive Officer since 1981.
Current Board assignments: Chairman of
the Board of Cardo AB, Holmen AB,
Hufvudstaden AB, Vice Chairman of
Svenska Handelsbanken AB and NCC AB,
Director of LE Lundbergfretagen AB
and Industrivrden AB. Shareholding in
Sandvik (own and closely related persons): 4,280,000, via L E Lundbergfretagen AB 14,000,000 and via AB
Industrivrden 136,431,200.
Anders Nyrn, b. 1954.
Director of Sandvik AB since 2002.
Vice Chairman of the Board.
Education and business experience:
B.Sc. (Econ.), MBA. President and Chief
Executive Officer of AB Industrivrden
since 2001, Executive Vice President and
CFO of Skanska AB 19972001, various
executive positions within AB Wilhelm
Becker, STC Scandinavian Trading Co
AB, STC Venture AB, OM International,
Securum AB and Nordbanken 19791997.
Current Board assignments: Chairman
of Association of Exchange-listed Companies and the Association for Good
Practices on the Securities Market, Vice
Chairman of Svenska Handelsbanken
AB, Director of Ericsson, Industrivrden,
SCA, SSAB, and Ernstrmgruppen.
Shareholding in Sandvik (own and
closely related persons): 4,500.

Egil Myklebust , b. 1942.

Director of Sandvik AB since 2003.
Education and business experience:
LLB. Chief Executive Officer of Norsk
Hydro 19912001, President of Nringslivets hovedorganisajon 19891990,
President of Norsk Arbeidsgivareforening
19871988, various positions within
Norsk Hydro 19711987. Consultant to
the National Insurance Administration
19681971.
Current Board assignments:
Director of University Board (University
of Oslo). Shareholding in Sandvik (own
and closely related persons): 5,000.
Hanne de Mora , b. 1960.
Director of Sandvik AB since 2006.
Education and business experience:
B.Sc. (Econ.), Bachelors degree of Business Administration IESE, Barcelona.
One of the founders and owners, also
Chairman of the Board of the management company a-connect (group) ag since
2002, partner in McKinsey & Company
Inc. 19892002, various positions within
brand management and controlling
within Procter & Gamble 19861989.
Currrent Board Asignements:
Shareholding in Sandvik (own and
closely related persons): 0.
Simon Thompson, b. 1959.
Director of Sandvik AB since 2008.
Education and business experience:
MA Geology. Various positions with
Anglo American Group 19952007
including director of Anglo American plc
20052007, Director of AngloGold
Ashanti 20042008, chairman Tarmac
20042007, Director os SG Warburg
19941995, NM Rothschild & Sons Ltd.
19841995.
Current Board assignments: Director of
UC Rusal, Newmont Mining Corporation and AMEC plc.
Shareholding in Sandvik (own and
closely related persons): 0.

Tomas Krnstrm, b. 1966.

Director of Sandvik AB since 2006
(Employee representative).
Education and business experience:
Principal safety representative Sandvik
Materials Technology. Various positions
within Sandvik since 1986.
Current Board assignments:
Shareholdings in Sandvik (own and
closely related persons): 2,865.
Jan Kjellgren, b. 1952.
Director of Sandvik AB since 2008
(Employee representative).
Education and business experience:
Research engineer, Sandvik Tooling Sverige AB. Various positions within Sandvik
since 1981.
Current Board assignments: AB Sandvik
Hard Materials, Sandvik Tooling Sverige
AB.
Shareholding in Sandvik (own and
closely related persons): 570.

Deputy members

Auditors

Bo Westin, b. 1950.
Director of Sandvik AB since 1999
(Employee representative).
Education and business experience:
Chairman Union Committee, Metal
Workers Union, Sandvik Rotary Tools
AB, Kping. Various operator positions
within Sandvik Mining and Construction
since 1973. Volvo Kpingverken 1971
1972, Kpings Mekaniska Verkstad
19681970.
Current Board assignments: Director of
Sandvik Rotary Tools.
Shareholding in Sandvik (own and
closely related persons): 101.

Caj Nackstad, b. 1945.

Auditor in charge, Authorized Public
Accountant, KPMG AB.
Other auditing assignments: Billerud,
Skanska, LKAB, Axel Johnson AB and
Wallenius.
Current Board assignments:
Shareholding in Sandvik (own and
closely related persons): 0.

Mette Ramberg Frodigh, b. 1961.

Director of Sandvik since 2006
(Employee representative).
Education and business experience:
Master of Engineering NTH Norway,
research engineer since 1997.
Current Board assignments:
Shareholding in Sandvik (own and
closely related persons): 900.

Board Secretary
Bo Severin, b. 1955.
Secretary to the Sandvik Board of Directors since 2000.
Education and business experience: LLB.
General Counsel in Sandvik AB.
Current Board assignments:
Shareholding in Sandvik (own and
closely related persons): 12,544.

Honorary Chairman
Percy Barnevik, b. 1941.
Chairman of the Board of Sandvik AB
19832002.

Information regarding Board assignments and holdings of shares is as of 1 January 2009.

SANDVIK ANNUAL REPORT 20 08

105