The Nomination Committee nominates the persons to be proposed at the Annual General Meeting for election to Duni’s Board. Proposals are also produced regarding auditor fees, Board fees for the Chairman of the Board and other directors, as well as compensation for committee work. All proposals are presented at the Annual General Meeting as well as in the notice to attend and on the website prior to the Annual General Meeting. The Nomination Committee shall be comprised of representatives of Duni’s three largest shareholders as per September 30.
The following persons served on the Nomination Committee, which is charged with presenting proposals to the Annual General Meeting in 2017 regarding the composition of Duni's Board of Directors, etc.:
Mr Rune Andersson, Mellby Gård Investerings AB
Mr Johan Strömgren, Carnegie fonder
Mr Bo Lundgren, Swedbank Robur fonder
Mr Magnus Yngen, Chairman of Duni AB
During the period pending the 2017 Annual General Meeting, the Nomination Committee held two meetings at which minutes were taken. The work of the Nomination Committee begins by reviewing the independent evaluation of the current Board, which is carried out each year. The Nomination Committee considers that the Board functions well, that a composition comprising only five members provides for an effective Board of Directors, and that all directors are duly engaged and committed, including employee representatives. The Nomination Committee also notes that the Board is comprised of a sound and relevant mix of gender, skills and experience. The Nomination Committee proposed the re-election of the directors Johan Andersson, Pauline Lindwall, Alex Myers, Pia Rudengren and Magnus Yngen.
Chairman of the Board since 2016
President and CEO, Camfil
Board Chairman: Sveba Dahlen AB
Director: Dometic Group and Intrum Justitia
President and CEO, Dometic
President and CEO, Husqvarna
Executive Vice president, Electrolux
Mr Yngen holds a Master of Engineering and Licentiate of Technology from the Royal Institute of Technology, Stockholm.
Shares in Duni: 3,000
Independent in relation to the Company, company management and Duni’s larger shareholders
CEO and President and board member of Mellby Gård AB and several board assignments within the Mellby Gård Group
Work experience: CEO of Smarteyes International AB, employed at EQT Partners AB
Master of engineering, Chalmers University of Technology and MBA from INSEAD, Singapore
Shares in Duni: 14,094,500
Considered as independent of the company, the company management but not of Duni’s major shareholders
Director Celesio AG and Lantmännen
Work experience: Category Director Coffee France and Southern Europe, Kraft/Mondelez, Switzerland
Several years of experience in various executive positions within the Nestlé Group both in Asia and Europe such as Country Business Manager Nestlé Nutrition in Germany and Indonesia
Ms. Lindwall holds a Bachelor of Science in BAE from the University of Växjö.
Shares in Duni: 1,000
Independent in relation to the Company, company management, and Duni’s largest shareholders.
President and CEO, Getinge AB
President and CEO, Hilding Anders Group
President, ArjoHuntleigh/Executive Vice President Getinge Group
Senior Vice President, Western Europe and Global Sales & Marketing as well as member of the management group of Carlsberg Breweries
Vice President Marketing & Innovation and member of the management group of Pripps-Ringnes (Orkla Drinks)
Several middle management positions at Unilever in Sweden and Germany
Mr Myers holds a BA in Organizational Behavior from Yale University, USA
Shares in Duni: 2,000
Independent in relation to the Company, company management, and Duni’s largest shareholders.
Board Chairman: Social Initiative AB.
Director: KappAhl AB, Swedbank AB and Tikkurila Oyj
Executive Vice President, W Capital Management AB
CFO and member of the management group, Investor AB
Ms. Rudengren holds an MSc in Economics and Business Administration from the Stockholm School of Economics.
Shares in Duni: 1,200
Independent in relation to the Company, company management and Duni’s major shareholders.
Employee representative for PTK
Mr Halvordsson is employed as management and organization resource at Rexcell Tissue & Airlaid AB
Mr Halvordsson has undertaken PTK board training
Shares in Duni: 0
Not independent in relation to the Company.
Employee representative for LO
Employee representative on the Board of Rexcell Tissue & Airlaid AB
Mr Nieminen is employed as an operator at the steam power station at Rexcell Tissue & Airlaid AB
Shares in Duni 0
Not independent in relation to the company
|Magnus Yngen||chairman, independent||member||member|
|Pauline Lindwall||member, independent||chairman|
|Alex Myers||member, independent||member|
|Pia Rudengren||member, independent||chairman|
|Johan Andersson||member, not independent*)||member|
|Per-Åke Halvordsson||union representative, not independent**)|
|union representative, not independent**)|
The Remuneration Committee prepares issues concerning remuneration and other benefits for corporate management, while decisions thereon are taken by Duni’s Board of Directors. Compensation and benefits for corporate management are evaluated through comparisons with market data provided by external sources. Such data demonstrates that Duni has competitive compensation levels and that the total compensation package is reasonable and not excessively high. Once a year, the Remuneration Committee evaluates the performance of senior executives and also certain second-tier managers in accordance with a systematic procedure.
The Remuneration Committee held three meetings in 2017 and comprises three members; Pauline Lindwall (Chairman), Johan Andersson and Magnus Yngen. The CEO participates at the meetings, as does the HR Director, who serves as a secretary at meetings of the Remuneration Committee.
Duni’s Audit Committee is responsible for ensuring the quality of the Company’s financial and business reporting. The Committee also evaluates Duni’s internal control processes and management of financial and operating risks. A special iterm on the yearly agenda addresses fraud and anti-corruption. The Committee meets regularly with the Company’s auditors in order to obtain information regarding the focus and scope of the external audit and to evaluate the work of the external auditors. The evaluation also covers the scope of any non-audit-related work performed by the auditors on behalf of Duni. When preparing a proposal regarding the election of auditors and compensation for audit work, the Nomination Committee is assisted by the Audit Committee.
The Audit Committee held four meetings in 2017 and comprises three members: Pia Rudengren (Chairman), Magnus Yngen and Alex Myers. The CFO and the Group Accounting manager, as well as the auditors, participate at all meetings.
Née en 1969
Président et PDG de Duni depuis Octobre 2017.
Johan Sundelin a occupé le poste de PDG pour Santa Maria au sein de Paulig Group. Précédemment, il était le PDG de Abba Seafood au sein de Orkla Group.
Johan Sundelin est le Directeur de Svenska Retursystem AB ainsi que de DLF et de DLF Service AB.
Johan Sundelin est titulaire d'un MSc en administration des affaires des universités d'Umea et de York.
Nombre d'actions chez Duni: 1 000
Né en 1960
Chief Financial Officer de Duni depuis 2009, il travaille chez Duni depuis 1987.
Mats Lindroth est titulaire d'un Master en sciences économiques et administration des affaires de l'École des hautes études économiques de Stockholm.
Nombre d'actions chez Duni : 25,200
Né en 1974
Directeur des Opérations chez Duni depuis le 1er Mars 2015.
Le poste le plus récent occupé par Fredrik Malmgren était celui d'associé fondateur de Montell & Partners AB, où il était principalement chargé des grands projets de production et de chaîne logistique pour des entreprises multinationales.
Fredrik Malmgren est titulaire d'un Master en automatisation de l'École polytechnique Chalmers à Göteborg.
Nombre d'actions chez Duni : 6,100
Née en 1974
Directrice RH chez Duni depuis juin 2016.
Sofie travaille chez Duni depuis 2007, d'abord à un poste de Responsable RH pour la région Nordics. Précédemment, elle travaillait au développement produit de la division Table Top, et en tant que Category Manager pour la division Meal Service. Avant de rejoindre Duni, Sofie Lindström occupait un poste de cadre chez Accenture.
Sofie est titulaire d'un diplôme en Economie obtenu à la Pacific Lutheran University de Seattle aux États-Unis.
Nombre d'actions chez Duni : 400
Né en 1957
Directeur Développement Entreprise chez Duni depuis 2012 et membre de l'Équipe de Direction de Duni depuis Octobre 2015.
Thomas Lööb travaille chez Duni depuis 1996 et a occupé plusieurs postes dans les services Innovation et Recherche & Développement.
Président du Conseil d'Administration chez Rexcell Tissue & Airlaid AB depuis 2014.
Thomas Lööb est titulaire d'un Master de sciences en génie chimique de l'Université de Lund.
Nombre d'actions chez Duni : 6000
Né en 1971
Directeur de la division Table Top depuis Novembre 2015 et précédemment Directeur de la division Consumer depuis 2012.
Robert Dackeskog vient du groupe Findus où il occupait les fonctions de directeur général de Findus Danemark et de directeur de la restauration et de l'export chez Findus Suède.
Robert Dackeskog est titulaire d'un Master en administration des affaires de l'Université de Göteborg.
Nombre d'actions chez Duni : 5,000
Né en 1977
Directeur de la division Meal Service depuis Mai 2012.
Linus Lemark occupait auparavant les fonctions de directeur de l'innovation chez The Absolut Company AB et de vice-président chez Aquavit à New-York.
De 2007 à 2009, Linus Lemark a été tour à tour Corporate Development Manager et Marketing Manager Duni Food Solutions chez Duni.
Linus Lemark est titulaire d'un Master en sciences économiques et administration de l'École des hautes études économiques de Stockholm.
Nombre d'actions chez Duni : 5,000
Née en 1973
Directrice de la division Consumer depuis Août 2016.
Anna travaille chez Duni depuis 2005 et occupait un poste de Directrice Marketing Consumer. Elle a précédemment travaillé en tant que Directrice des ventes pour la division Consumer Nordics et Contrôleur de Gestion pour la division Table Top Nordics. Avant de rejoindre Duni, Anna occupait un poste de Consultante en Management chez BearingPoint.
Anna Lundqvist est titulaire d'un Master en administration des affaires de l'Université de Lund.
Nombre d'actions chez Duni : 0
Né en 1964
Directeur de la division New Markets depuis janvier 2014.
Auparavant Directeur Business Development/New Markets et précédemment Président de Rexcell Tissue & Airlaid AB depuis 2007.
Les années précédentes, M. Söderstjerna occupait les fonctions de PDG de Zarlink Semiconductor AB, Advanced Printing Ascherleben GmbH et Finotech Verbundstoffe GmbH.
Patrik Söderstjerna est titulaire d'un Master en génie mécanique de l'École Polytechnique de Lund.
Nombre d'actions chez Duni : 9,700
A number of risk factors may affect Duni's operations in terms of both operational and financial risks. Operational risks are normally handled by each operating unit and financial risks are managed by the Group's Treasury department, which is included as a unit within the Parent Company.
Duni is exposed to a number of operational risks which it is important to manage. The development of attractive product ranges, particularly the Christmas collection, is very important in order for Duni to achieve satisfactory sales and income growth. Duni addresses this issue by constantly developing its range. Approximately 25% of the collection is replaced each year in response to, and to create new, trends.
A weaker economic climate over an extended period of time in Europe could lead to a reduction in the number of restaurant visits. Reduced market demand and increased price competition, may affect volumes and gross margins partly through increased discounts and customer bonuses. Fluctuations in prices of raw materials and energy constitute an operational risk which has an impact on Duni's operating income.
Duni’s finance management and its handling of financial risks are regulated by a finance policy adopted by the Board of Directors. The Group divides its financial risks between currency risks, interest rate risks, credit risks, financing and liquidity risks. These risks are controlled in an overall risk management policy which focuses on unforeseeability on the financial markets and endeavors to minimize potential adverse effects on the Group’s financial results. Duni's management of financial risks is described in greater detail in the Annual Report as per 31 December 2016.
At the Annual General Meeting held on May 3, 2017, PricewaterhouseCoopers AB was elected auditor, with Eva Carlsvi as auditor-in-charge.
The auditors review the annual accounts and the Annual Report as well as the Company’s ongoing operations and routines in order to express an opinion regarding the accounts and management by the Board of Directors and the CEO.
The audit of the annual accounts and Annual Report is conducted in January-February. Thereafter, compliance with the Annual General Meeting’s guidelines regarding remuneration for senior executives is audited. The auditors participate at all meetings of the Audit Committee during the year. In October, an interim audit is carried out in combination with a general review of Duni’s report for the third quarter.
In addition to Duni, Eva Carlsvi is also auditor-in-charge in respect of, among other companies, BE Group AB (publ), Eolus Vind Aktiebolag (publ), E.ON Nordic Aktiebolag and Kappahl AB (publ). Eva Carlsvi is an authorized public accountant and member of FAR SRS. Apart from the audit engagement, fees to PwC for other engagements during 2016 totalled SEK 4.8 (2015: SEK 3.0).
The current articles of association were adopted at the Annual General Meeting held on May 6, 2009. They provide, among other things, that the registered office shall be in Malmö, that members of the Board of Directors shall be elected each year for a term of office until the close of the next Annual General Meeting, and that each share shall carry one vote.
The articles of association are adopted by the general shareholders' meeting and contain certain mandatory information of a fundamental nature for the company.
Duni's articles of association provide, among other things, that the directors are elected each year at the annual general meeting for a term until the close of the next annual general meeting. All shares in Duni carry equal voting rights.
The company’s name is Duni AB (Reg. No. 556536-7488). The company is a public company (publ).
The object of the company’s business is to, directly or indirectly, conduct business in production, development and sales of consumer related articles for serving and packaging of meals, and any other activities compatible therewith.
The company’s registered office should be situated in Malmö, Sweden.
The company’s share capital should be not less than SEK forty million ten thousand (40,010,000) and not more than SEK one hundred sixty million forty thousand (160,040,000).
The company should have not less than thirty two million eight thousand (32,008,000) shares and not more than one hundred twenty eight million thirty two thousand (128,032,000) shares.
The board of directors elected by the shareholders’ meeting should consist of not less than three (3) members and not more than twelve (12) members.
In addition to the members of the board of directors elected yearly at the general annual meeting, a member of the board and deputy member of the board can from time to time be appointed in accordance with the Private Sector Employees Act (1987:1245).
The company must have one (1) or two (2) auditors and one (1) or two (2) deputy auditors, or a registered public accounting firm be elected.
The company’s financial year is to comprise 1st January – 31st December.
Shareholders’ meeting is to be held yearly within six months from the end of each financial year. The shareholder’s meeting is to be held in Stockholm or Malmö, Sweden, at the discretion of the board of directors.
The following business shall be addressed at the annual shareholders’ meetings:
Notice convening a general meeting shall be given by announcement in Post- och Inrikes Tidningar and on the company's website. It shall be announced in Svenska Dagbladet that notice of a general meeting has been made. The notices shall be published within the time limits stipulated in the Swedish Companies Act (2005:551).
Shareholders who want to participate in shareholders’ meetings are to notify the company not later than 4.00 pm CET the day which is specified in the notice to the meeting. The last-mentioned day may not be a Sunday, other public holiday, Saturday, Midsummer Eve, Christmas Eve or New Years Eve and not fall earlier than the fifth weekday prior to the meeting.
The company’s shares are to be registered in a securities register in accordance with the Swedish Financial Instruments Accounts Act (1998:1479).