CORPORATE GOVERNANCE

As of 2019, Climeon applies the Swedish Code of Corporate Governance. 

THE BOARD OF DIRECTORS

Kent Sander

Kent Sander

Chairman of the Board

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Kent Sander - Chairman of the Board

Born in 1953
Member of the Board of Directors since 2026

Education/background: Kent Sander holds a Bachelor of Science in Business Administration and Economics from Stockholm University and has more than 35 years of experience from international companies, including senior positions at Ericsson, Associated Group Inc and True Position Inc. He has extensive Board experience and is currently Chair of the Board of, among others, Tribox Group AB and Modvion AB, and Board member of Polarium Energy Solutions AB.

Holdings in the Company: Kent Sander currenty owns no shares in the company.

Independent in relation to the Company and management, as well as the Company’s major shareholders.
Updated 2026-06-23

Thomas Ostrom

Thomas Öström

Founder & Board Member

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Thomas Öström - Founder & Board Member

Born in 1973
Member of the Board of Directors since 2011

Education/background: Thomas Öström has a master of science degree in computer science and control engineering from Luleå University of Technology, and he completed the leadership and finance programs at Svenska Managementgruppen. He has also taken courses at Styrelseakademin. Thomas Öström is an entrepreneur and a joint founder of Climeon. Thomas Öström previously worked for over ten years at Micronic AB (publ), and was vice president for technology development, for example. Micronic is a Swedish high tech company in the electronics industry and is listed on Nasdaq Stockholm.

Holdings in the Company: Thomas Öström owns 390,000 class A shares and 562,785 class B shares in the Company, as well as 58,000 warrants.

Independent in relation to the Company and its management, as well as in relation to the Company’s major shareholders.
Updated 2026-04-01

Joakim Thölin

Joakim Thölin

Board Member

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Joakim Thölin - Board Member

Born in 1965
Member of the Board of Directors since 2024

Education/background: Joakim Thölin holds a Master of Science in Economics from the Stockholm School of Economics. He has been active within the Alfa Laval Group in various senior positions, such as Vice President for the Marine division, Managing Director for Alfa Laval Austria and in recent years, led Alfa Laval's M&A group. Joakim also has experience from management consulting, led start-ups in IT and board assignments in companies within different industries.

Holdings in the Company: Joakim Thölin owns 30,699 class B shares in the Company and 58,000 warrants.

Independent in relation to the Company and management, as well as the Company’s major shareholders.
Updated 2026-04-01

Olle Bergström

Olle Bergström

Board Member

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Olle Bergström - Board Member

Born in 1972
Member of the Board of Directors since 2026

Education/background: Olle Bergström holds a Master of Science in Engineering Physics from Chalmers University of Technology and an MBA from the University of Warwick in England. Olle Bergström has extensive experience of Board work and senior management positions in companies such as Modvion AB, Telia and Skanova, and previously served as a Board member of Climeon during the years 2013–2021.

Holdings in the Company: Joakim Thölin owns 616,959 class B shares in the Company.

Independent in relation to the Company and management, as well as the Company’s major shareholders.
Updated 2026-06-23

EXECUTIVE MANAGEMENT

lena

Lena Sundquist

Chief Executive Officer

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Lena Sundquist - CEO

Born in 1975
CEO since 2021

Education/background: Lena Sundquist has extensive experience of leading positions in innovation, business development, sales and marketing. Lena Sundquist has 15 years of experience from Alfa Laval Marine & Diesel, where she, among other things, developed environmental technology business within maritime and gensets. Most recently, she was CEO of Kivra Sweden. Lena Sundquist has a master's degree in engineering from the Royal Institute of Technology.

Holdings in the Company: Lena Sundquist owns 14,392 class B shares in the Company and 248,500 warrants.

Updated 2026-04-01

carl-frykfeldt

Carl Frykfeldt

Finance Manager

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Carl Frykfeldt - Finance Manager

Born in 1965
Employed since 2018

Education/background: Carl Frykfeldt holds a Master of Science degree in Finance and Business from Stockholm University. Carl has extensive experience from various roles within financial and business controlling. Carl has held managerial roles within logistics and finance throughout his career, both as Supply Chain Manager, Material Manager and Planning Manager. Carl brings more than 15 years of experience as a controller within the Telecom and Pharmaciutical production industries.

Holdings in the Company: Carl Frykfeldt holds 157,900 warrants in the company.

Updated 2026-04-01

Henrik Österman, CTO, Climeon

Henrik Österman

Chief Technology Officer

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Henrik Österman -  Chief Technology Officer

Born in 1981
Employed since 2025 and part of executive management since 2025

Education/background: Henrik Österman has extensive experience in engineering, product development and technology leadership. He has more than 20 years of experience from the energy and industrial sectors, including over 15 years working with ORC (Organic Rankine Cycle) technology. Henrik Österman has held senior roles such as R&D Manager at Svenska Rotor Maskiner (SRM) and CTO/COO at InEpact AB, leading development and innovation within waste heat recovery technology. Most recently, he worked as a leadership consultant at Chief Consulting AB, where he led a three-year assignment at Scania’s Project Office introducing new biofuel gas drivelines. Henrik Österman holds a master’s degree in engineering from the Royal Institute of Technology (KTH).

Holdings in the Company: Henrik Österman has no shares in the company.

Updated 2026-04-01

Asset 10

Fredrik Nimander

Chief Operating Officer

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Fredrik Nimander, Chief Operating Officer

Born in 1986
Employed since 2024 and part of executive management since 2024

Education/background: Fredrik Nimander has extensive experience within the energy industry, holding Sr. and managerial positions in project management, delivery, strategy and organizational development. Prior to joining Climeon, Fredrik was Senor Manager for technical project management at Northvolt within the management team for the company's Manufacturing Engineering department, which managed the development and delivery of production equipment for Lithium-Ion Batteries. Fredrik has a master’s in engineering physics from KTH in Stockholm with focus on nuclear energy engineering.

Holdings in the Company: Fredrik Nimander holds 248 Class B shares in the company and 103,600 warrants.

Updated 2026-04-01

committes

Nomination Committee 2026

The Nomination Committee elected for the Extraordinary General Meeting 2026 was appointed by the largest shareholders as of August 31, 2025.

The nomination committee consists of the following representatives appointed by the four largest shareholders, based on voting rights, as per 31 of August 2025:

  • Peter Lindell, representing himself and the shareholder Cidro Förvaltning (16.3% of the votes and 17.6% of the shares as per 31 August 2025), Chairperson of the nomination committee.
  •  Thomas Öström, representing himself (9.7% of the votes and 2.2% of the shares as per 31 August 2025).
  •  Olle Bergström, appointed by the shareholder Stefan Wikström (5.7% of the votes and 6.2% of the shares as per 31 August 2025)
  •  Björn Wasing, appointed by SEB-Stiftelsen, Skandinaviska Enskilda Bankens Pensionsstiftelse (5.4% of the votes and 5.9% of the shares as per 31 August 2025)

 

Contact the Nomination Committee

Shareholders who wish to submit proposals to the nomination committee are welcome to contact the nomination committee via e-mail, nomination.committee@climeon.com. Proposals shall be submitted in due time before the AGM 2026 to ensure that the proposals can be considered by the nomination committee. Time and location for the AGM 2026 will be announced later.

Climeon AB (publ)
Valberedningen
Torshamnsgatan 44
16440 Kista, Sweden
nomination.committee@climeon.com

Instructions for the Nomination Committee

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General meetings

Follow the link below to find registration for upcoming meetings, information and documents from past meetings.

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investor relation

INVESTOR RELATIONS CONTACT

Certified Advisor: FNCA Sweden AB

Box 5807,
SE 102 48 Stockholm, Sweden


Phone: + 46 8 528 00 399

Climeon IR-Contact

Email: investor@climeon.com