Last year's activity
During the period from January 1, until December 31, 2018, the Board held seven scheduled meetings and one statutory meeting.
At all scheduled Board meetings, with the exception of the statutory Board meeting, the Board received a general report from the CEO and discussed the activities and financial results of the Company and the associated companies, as well as other pertinent projects and matters.
All meetings held during the year followed an approved agenda. Prior to each meeting, a proposed agenda and, where applicable, documents relevant to the items on the agenda were sent to the Board. The Company’s auditors attended the Board meeting in February 2018 to present the audit report and observations from the audit. At the board meeting in June, which was held in Stockholm, the Board visited Swedish Match’s Analytical and Product Science operations and met with the company’s employees who told about their business. The Board also made market visits in stores where Swedish Match’s products are sold.
In April 2018, Swedish Match acquired House of Oliver Twist A/S, a Danish privately owned company active in smokeless tobacco on the European market, and in July, Swedish Match acquired a majority share in Gotlands Snus AB, a privately held Swedish company located in Romakloster on the island of Gotland, Sweden. Gotlands Snus develops, produces and sells both snus and pouch products with neither nicotine nor tobacco and has sales in Sweden, the US, Asia and parts of Europe.
Composition of the Board and attendance 2018
| Board of Directors | Audit Committee | Compensation Committee | |
|---|---|---|---|
| Total number of meetings 2018 | 8 | 6 | 2 |
| Members elected by the General Meeting | |||
| Conny Karlsson (Chairman) | 8 | 2 | |
| Andrew Cripps (Deputy Chairman) | 8 | 6 | |
| Charles A. Blixt | 8 | 2 | |
| Jacqueline Hoogerbrugge | 8 | 2 | |
| Pauline Lindwall | 7 | ||
| Wenche Rolfsen | 8 | 6 | |
| Joakim Westh | 8 | 6 | |
| Employee representatives | |||
| Patrik Engelbrektsson | 7 | ||
| Eva Larsson (until April, 2018) | 1 | ||
| Pär-Ola Olausson (from April, 2018) | 7 | ||
| Dragan Popovic | 8 | ||
| Employee representatives (deputies) | |||
| Joakim Andersson | 1 | ||
| Niclas Bengtsson (from April, 2018) | 5 | ||
| Niclas Ed | 7 | ||
| Matthias Eklund (from April, 2018) | 6 | ||
| Gert-Inge Rang (until April, 2018) | 1 |
