The Board of Directors and its work

Ando Wikström
Chairman of the Board of Directors

Elected to the Board: February 2024

Born: 1964

Experience: Ando has over 30 years of experience in the property industry from various financial and finance functions in mainly listed companies. Ando also has experience from board assignments in Swedish and foreign companies, including companies subject to authorisation such as fund managers and banks within the Catella Group.

Education: Master of Science in Economics from Stockholm University.

Other assignments: Advisor to Birger Bostad AB, including board assignments within the Birger Bostad Group. Board member of own investment and advisory companies and Board member of Bostadsrättsföreningen Rådjuret nr 6.

Shareholding in Binero Group: 577,340 via companies
Option holdings in Binero Group: No
Independent in relation to the Company and its senior executives: Yes
Independent in relation to major shareholders: Yes

Malcolm Lindblom
Member of the Board of Directors
Responsible for Merger and Aquisition

Elected to the Board: February 2024.

Born: 1963

Experience: Entrepreneur. Malcolm founded Infrateq Group in 2021, which is part of the merger of companies that now form Binero. Malcolm also founded Hoist Group AB in 1994.

Education: Self-taught

Other assignments: Infrateq Group AB, Plegium AB, Tiliaflore Holding AB, Tiliaflore AB.

Shareholding in Binero Group: 66 443 545 shares
Option holdings in Binero Group: No
Independence in relation to the Company and its senior executives: Yes
Independent in relation to major shareholders: Yes

Jonas Lundberg
Member of the Board of Directors

Elected to the Board: February 2024

Born: 1973

Experience: Jonas has extensive experience from the banking and financial world. Jonas has previously been Global Head of Trading at SEB, and was also responsible for major IT projects and IT purchasing at SEB

Education: CASS Business School London England

Other assignments:

Shareholding in Binero Group: 280 422
Option holdings in Binero Group: No
Independent in relation to the Company and its senior executives: Yes
Independent in relation to major shareholders: Yes

Mr Tomas Hallberg
Member of the Board of Directors

Elected to the Board: February 2024

Born: 1965

Experience: Entrepreneur, consultant and investor with focus on IT management, tech and internet-based platforms. Owner of Claymountain Venture AB

Education: Corporate Innovation - Stanford University, Board education - Stockholm School of Economics, Naval War College.

Other assignments: EasyPeasy Insurance AB, Stockholm Lighting AB, Dakota Lithium LLC

Shareholding in Binero Group: 577 340
Option holdings in Binero Group: No
Independence in relation to the Company and its senior executives: Yes
Independent in relation to major shareholders: Yes

Mr Jonas Feist
Member of the Board of Directors

Elected to the Board: 2022

Born: 1960

Experience: Jonas has 30 years of experience in the IT industry, of which 20 years as an entrepreneur. Started the Open Source company Redbridge in 2003.

Education: Master of Science in Computer Science from Linköping Institute of Technology at Linköping University.

Other assignments: Open Source Sweden

Shareholding in Binero Group: 3 074 227
Option holdings in Binero Group: No
Independent in relation to the Company and its senior executives: No
Independent in relation to major shareholders: Yes

Frode Kristian Danielsen
Member of the Board of Directors

Elected to the Board: May 2025

Born: 1966

Experience: Frode Kristian is a chartered accountant and has been a partner at PwC, where he led the Tromsø office and also served on the board. He has also been responsible for BDO’s establishment in Tromsø. Frode Kristian has extensive experience in auditing and advising large public and private companies, as well as leadership in the business sector. From 2019 to 2021, Frode Kristian was CEO of Narvikgården AS and chairman of the board of Site Narvik, where he promoted the establishment of green industry in the region. From 2019 to the present, Frode Kristian has been working as chairman of the board, board member and advisor for a number of companies.

Education: Holds a degree in economics and auditing from UiT The Arctic University of Norway and the Norwegian School of Economics. He also has a degree in sustainable management from Innlandet University College.

Other assignments: Has since 2019 been chairman of the board and strategic advisor for several companies, including Nova AS, Yeti Move AS, IT Partner Tromsø AS, Øveraasen; AS, Nor-El, and others.

Shareholding in Binero Group: 303 200
Option holdings in Binero Group: No
Independent in relation to the Company and its senior executives: Yes
Independent in relation to major shareholders: Yes

Rules of procedure of the Management Board

The company must comply with the provisions of the Swedish Companies Act on corporate governance. To this end, the Board of Directors of Binero has established rules of procedure for its work, instructions regarding the division of labour between the Board of Directors and the CEO, which addresses the CEO's duties and reporting obligations, and established instructions for financial reporting. The rules of procedure are reviewed annually.
The Board of Directors holds regular meetings according to a programme set out in the rules of procedure, which includes fixed decision points as well as items as required. At its regular meetings, the Board of Directors dealt with the fixed items on the agenda for each meeting in accordance with its rules of procedure, such as liquidity, business situation, budget, annual accounts and interim reports.

Evaluation of the work of the Board and the CEO

The Board intends to carry out an evaluation of its work. The Board continuously evaluates the work of the CEO.

Remuneration of the Board of Directors

The remuneration of the Board is determined by the Annual General Meeting. If, in any particular case, Binero gives individual board members assignments for the Company in addition to ordinary board work (and any committee work), the board of directors shall decide on the remuneration, which shall be market-based and reasonable. The Board of Directors is entitled to deviate from the guidelines if there are special reasons for doing so in an individual case.