Organisation and Governance

Ellevio AB (publ) is a Swedish limited liability company whose registered office is in Stockholm. It is owned by OMERS Infrastructure, former Borealis Infrastructure, (50 percent), the Swedish Third National Pension Fund (20 percent), Folksam (17.5 percent) and the Swedish First National Pension Fund (12.5 percent).

Corporate governance at Ellevio is meant to ensure good risk and internal management, clear allocation of responsibility, a sound company culture, effective decision-making and good relationships with the company’s stakeholders. The ultimate objective is to foster long-term value creation for the company’s owners.

The Board of Directors of Ellevio believes that good corporate governance is essential to running a successful business, as it creates the conditions for well-founded decision making and maintaining a high level of confidence among the company’s stakeholders.

Authority, management and governance are allocated among shareholders, the Board of Directors, the CEO and the Management Team.

Annual general meetings

The annual general meeting is Ellevio’s highest decision-making body, through which Ellevio’s shareholders are entitled to determine Ellevio’s affairs. The annual general meeting elects the Board of Directors and the auditors, decides their fees, adopts the income statement and balance sheet, resolves on the allocation of the company’s earnings, grants the Board and CEO discharge from liability, and resolves on other matters pursuant to the law, Articles of Association and shareholder agreement.

The 2019 annual general meeting was held on 25 April at Ellevio’s head
office in Stockholm. All shareholders were represented and the auditors were
present. No decisions were taken beyond the ordinary decisions at the annual general meeting. Given the limited amount of owners, neither a notification of nor minutes for the annual general meeting were published on the company’s website. The 2020 annual general meeting was held on 28 April 2020 in Stockholm.

Board of Directors

  • Sören Mellstig, Chairman
  • Anna Belfrage
  • Lars Clausen
  • Göran Hägglund
  • Karin Jarl Månsson
  • Michael McNicholas
  • Sten Olsson
  • Mohammad Nazemi, Employee representative
  • Pamela Sundin, Employee representative

The Board of Directors is responsible for the organisation and administration of Ellevio and for the ongoing assessment of the company’s financial situation. The Board’s remit also includes ensuring that Ellevio’s organisation is designed in a manner that assures satisfactory control of accounting, treasury management and financial conditions otherwise. The Board must furthermore adopt operational targets and strategy, evaluate operational management and ensure that effective systems for monitoring and control are in place. The Board is also required to draft a written charter for its own work, which must be revised and adopted annually. The Board of Directors of Ellevio held 14 meetings in 2019.


Four Board committees have been established to improve efficiency and opportunities for deepening the work of the Board. These are the Audit Committee, the Nomination and Remuneration Committee, the Finance Committee and the Sustainability Committee. The committees work in an advisory capacity only and their work primarily involves preparing matters for decision by the Board. Meetings are minuted and committee chairs report the progress of their work at every board meeting. Representatives of Ellevio’s executive management participate at committee meetings.

CEO and Management Team

CEO, Johan Lindehag
Finance, Anna-Karin Käck
Treasury, Jan Seveborg
Regulation, David Bjurhall
Legal, Erika Abrahamsson
Communications, Anna Lidberg
HR, Susanne Bragée
Business development, IT and Sustainability, Anna-Carin Joelsson
Customer and market, Emma Thorsén
Network and Operations, Jörgen Hasselström

The Board of Directors appoints the CEO, who is responsible for day-to-day management of Ellevio in accordance with the Board’s instructions. The allocation of responsibility between the Board and the CEO is, in addition to the rules that apply to limited liability companies, specified in a directive adopted by the Board of Directors each year.

The CEO’s responsibility includes but is not limited to operation of the business, human resources, finances and accounting and regular contact with Ellevio’s stakeholders, such as government agencies. The CEO is responsible for ensuring that the Board is furnished the information required for decision-making. The CEO delivers monthly reports to the Board covering financial circumstances, significant events and other important information.

The CEO has appointed a Management Team that is in charge of day-to-day operations. The Management Team meets regularly to make decisions about and follow up the business, current projects and other matters and to discuss organisational and human resources issues.