Passion for life

Corporate Governance Report

Getinge AB (publ) is a Swedish public limited liability company listed on Nasdaq Stockholm, Large Cap segment. Getinge applies the Swedish Corporate Governance Code and hereby presents the Corporate Governance Report for 2018.

Introduction Securities Council’s opinions on good prac- Board Chairman Carl Bennet was elected Getinge is a global provider of innovative tice on the Swedish stock market, available Chairman of the Meeting. All Board mem- solutions for operating rooms, inten- on aktiemarknadsnamnden.se. This report bers elected by the AGM were present. The sive-care units, sterilization departments summarizes how corporate governance minutes from the AGM are available on and for life science companies and insti- is structured and how it has been carried Getinge’s website: www.getinge.com. tutions. Based on our first-hand experi- out and developed in the Group during the ence and close partnerships with clinical 2018 fiscal year. The decisions made by the AGM include: experts, healthcare professionals and med- The internal steering documents relating • Adoption of the income statements and tech specialists, we are improving everyday to Getinge’s corporate governance include balance sheets presented for the Parent life for people, today and tomorrow. The Getinge AB’s Articles of Association, Company and the Group Group serves 38 countries and conducts instructions and formal work plan for the • Dividend in accordance with the Board’s proprietary production in seven countries. Board of Directors, Board committees and and the CEO’s proposal of SEK 1.50 per The Group’s customers are found primar- CEO, various policies and guidelines as share for the 2017 fiscal year ily in the healthcare and life science areas, well and the Group’s Code of Conduct. • Adoption of the remuneration to Board where products are often pivotal to the The company’s Articles of Association members and auditor quality and efficiency of operations. are available on the Group’s website: www. • Carl Bennet, Johan Bygge, Cecilia Daun Accordingly, confidence in Getinge and getinge.com. Wennborg, Barbro Fridén, Dan Frohm, its products is entirely decisive for contin- Sofia Hasselberg, Johan Malmquist, ued sales successes. Shareholders Mattias Perjos, Malin Persson and Johan Corporate governance is aimed at en- For information about shareholders and Stern were reelected to the Board. suring the continued strong development the Getinge share, see pages 124-125 and • Carl Bennet was reelected as Chairman of the company and, consequently, that www.getinge.com. of the Board the Group’s operations fulfill its obligations • Öhrlings PricewaterhouseCoopers AB to shareholders, customers, employees, General Meeting of Shareholders was reelected auditor for Getinge until suppliers, creditors and society. Shareholders can exert their influence at the conclusion of the 2019 AGM The Group’s corporate governance and the Annual General Meeting (AGM) and, • Guidelines for the remuneration to internal regulations provide frameworks for when applicable, at an Extraordinary Gen- senior executives. achieving business objectives and strate- eral Meeting, which are Getinge’s highest gies. The Group’s risks are well-analyzed and decision-making bodies. Nomination Committee risk management is integrated in the work All shareholders registered in the The Nomination Committee’s task is to of the Board and in operational activities. shareholders’ register at a certain time put forward proposals ahead of the AGM, Getinge’s organization is designed to be before the Meeting and who have notified regarding the election of the Chairman of able to react promptly to market changes. their attendance to the Meeting before the AGM, the Chairman of the Board and Accordingly, operational decisions are the time given in the notice are entitled other members of the Board, election of made on a decentralized basis, while over- to participate in the Meeting and exercise auditors, as well as fees for Board members riding decisions concerning strategy and their voting rights in full. Shareholders who and auditors. Pursuant to a resolution by direction are made by Getinge’s Board and are not able to personally attend can be Getinge’s 2005 AGM, the Nomination Com- the Getinge Executive Team. represented by proxy. A shareholder who mittee is to comprise Getinge’s Chairman wishes to have a matter put forward at the and representatives of the five largest External and internal regulations General Meeting of Shareholders must shareholders at August 31, 2018, as well as The Group’s corporate governance is submit a written proposal to the Board in a a representative for minority shareholders. based on Swedish legislation, as well as timely manner so that the proposal can be Ahead of the 2019 AGM, the Nomination on the Swedish Corporate Governance included in the notice of the AGM. Committee comprises representatives for Code (“the Code”), which is available at the four largest owner-registered share- corporategovernanceboard.se Getinge 2018 Annual General Meeting holders in terms of the number of votes, complies with the Code’s regulations and The 2018 Annual General Meeting (AGM) which is a deviation from the instructions presents an explanation for any deviation was held on April 26 in the Kongresshallen for the Nomination Committee adopted by from the Code’s regulations in 2018. In at Hotel Tylösand, in Halmstad, . the General Meeting. The reason for this addition to the Code, the Group’s corporate A total of 914 shareholders, representing is that such a composition of the Nomi- governance is based on Nasdaq Stock- approximately 60.2% of the number of nation Committee is deemed to be more holm’s Rulebook for Issuers, available at shares and 75.2% of the total number of appropriate with respect to the ownership nasdaqomxnordic.com, and the Swedish votes in the company attended the AGM. structure as per August 31, 2018.

56 2018 ANNUAL REPORT Introduction Market Strategy Operations Sustainability Annual Report Other

This means that ahead of the 2019 AGM, are women and six men (40% and 60%, At its scheduled meetings, the Board ad- Getinge’s Nomination Committee com- respectively). dresses fixed agenda items in accordance prises: Shareholders who would like to submit with the Board’s formal work plan, includ- • Carl Bennet – Board Chairman of proposals to Getinge’s 2019 Nomination ing the business situation, budget, annual Getinge and representative of Carl Committee can contact the Nomination accounts and interim reports. The Board Bennet AB Committee by e-mail at valberedningen@ also addressed comprehensive issues • Per Colleen – Fourth Swedish National getinge.com or by mail: Getinge AB, Att: related to the economy and associated Pension Fund Nomination Committee, Box 8861, SE-402 cost issues, corporate acquisitions and • Viveka Ekberg – representing minority 72 , Sweden. other investments, long-term strategies, shareholders financial matters, quality issues, compli- • Mikael Berglund, Incentive Board of Directors ance, internal control, risk management as • Marianne Nilsson, Robur Primarily, the Board is responsible for well as organization and structure. the organization of the company and the Carl Bennet was re-elected Chairman of Chairman of the Board Carl Bennet was management of its affairs. In carrying out the Board at the 2018 AGM. The Chairman’s appointed Chairman of the Nomination its duties, the Board must safeguard the role is to lead and manage the Board’s work Committee ahead of the 2019 AGM, which interest of all its shareholders. It is also the and to ensure that this is conducted in an deviates from rule 2.4 of the Code. The rea- Board’s duty and responsibility to ensure organized and efficient manner. It involves son for this is the Chairman of the Board that this Corporate Governance Report is ensuring that the Board fulfills its respon- is very well suited to lead the Nomination prepared. sibilities and monitors the development of Committee in an effective manner to According to the Articles of Association, the company, and ensuring that the Board achieve the best results for the company’s Getinge’s Board of Directors is to comprise continuously receives the information shareholders. not fewer than three and not more than ten required for the Board to perform its work The Nomination Committee conducts members, with not more than ten deputy while maintaining the same level of quality an evaluation of the Board and its work. A members. The Board members are elected in accordance with applicable regulations. proposal for the new Board is subsequently annually at the AGM to serve for the The Chairman of the Board does not drawn up by the Nomination Committee period up to and including the next AGM. participate in the operational management together with a proposal on remuneration Employees have the right to appoint two of the company. According to rules 4.4 and to the Board of Directors and is submitted representatives and two deputy members 4.5 of the Code, the majority of the elected with the notice of the forthcoming AGM. to the Board. Board members are to be independent in Ahead of the 2018 AGM, the Nomination In 2018, Getinge’s Board comprised ten relation to the company and its manage- Committee proposed reelection of Board members elected at the AGM. CEO and ment and at least two of these members members Carl Bennet (Chairman), Johan the Group’s Finance Director and Chief are also to be independent in relation Bygge, Cecilia Daun Wennborg, Barbro Financial Officer participate at the Board to the Group’s largest shareholders. The Fridén, Dan Frohm, Sofia Hasselberg, meetings, with the latter also serving as Nomination Committee believes that the Johan Malmquist, Mattias Perjos, Malin Secretary. Other senior executives also Board’s composition in Getinge meets the Persson and Johan Stern. participate when needed. requirements for independent members as The Nomination Committee’s reasoned The work of the Board is governed stipulated by the Code. statement ahead of the 2018 AGM stipu- mainly by the Swedish Companies Act, the The Nomination Committee has ob- lated that the Nomination Committee had Code and the Board’s formal work plan. served that Mattias Perjos, in his capacity applied rule 4.1 of the Code as diversity The Board’s formal work plan is approved as CEO, and Johan Malmquist, in his ca- policy in preparing proposals of Board each year at the statutory Board meeting. pacity as former CEO, are to be regarded members. The aim of the policy is that the According to the current applicable formal as dependent in relation to the company Board is to have a composition appropriate work plan, the Board will have approxi- and executive management, and that to the company’s operations, phase of de- mately six scheduled meetings during the Carl Bennet, Johan Stern and Dan Frohm velopment and other relevant circumstanc- fiscal year. In addition, the formal work plan as representatives and Board members es and to exhibit diversity and breadth of will also determine the distribution of work of Getinge’s principal owner Carl Bennet qualifications, experience and background, and responsibility between the Board, the AB, are to be regarded as dependent and strive for an equal gender distribution. Chairman, Board committees and the CEO. in relation to the largest shareholders. The 2018 AGM resolved to appoint Board The Board held its statutory meeting on Other Board members are deemed to be members in accordance with the Nomina- April 26, 2018 and convened 11 times during independent in relation to the company, tion Committee’s proposal, entailing that the year, with an average attendance rate executive management and the largest ten members were elected, of whom four of 98% of the elected members. shareholders.

2018 ANNUAL REPORT 57 Passion for life

The Board members’ individual sharehold- many years as CEO and a Board member Auditing Committee ings, their independence in relation to the of Getinge, has in-depth knowledge of the In 2018, Getinge’s Auditing Committee company, executive management and company’s circumstances and conditions comprised Board members Johan Bygge the largest shareholders as well as their in matters regarding, for example, the (Chairman), Cecilia Daun Wennborg, other assignments in other companies are personnel situation, provision of skills and and Sofia Hasselberg who served as mem- presented in the table on the page below remuneration structures. bers for all of 2018 as well as Johan Stern and in the presentation of Board members Ahead of the 2019 AGM, the Committee who was a member until the 2018 AGM on pages 62-63. held two minuted meetings and remained and Dan Frohm who was appointed a new in informal contact. The attendance of member on the same occasion at the stat- Remuneration Committee members at the Committee meetings are utory Board meeting following election. In 2018, Getinge’s Remuneration Commit- presented in the table below. All members of the Auditing Commit- tee comprised Board members Carl Bennet Following written instructions, the tee were independent in relation to the (Chairman), Johan Stern, Barbro Fridén, Remuneration Committee’s duties include company, executive management and Malin Persson, Johan Malmquist and preparing questions concerning remunera- the company’s largest shareholders, with Dan Frohm. Except for Johan Malmquist, tion principles and remuneration and other the exception of Johan Stern and Dan who in his capacity as former CEO is to be employment terms and conditions for the Frohm, who are not considered to be considered to be dependent in relation to CEO and other members of the Getinge independent in relation to the company’s the company and executive management, Executive Team. The Committee also largest shareholders. The Committee held all other members of the Remuneration prepares proposals to the Board on the nine minuted meetings in 2018, including Committee are independent in relation to guidelines for the remuneration to senior informal contact when necessary. The the company and executive management. executives, which the Board submits for attendance of members at the Committee The circumstance of the appointment of decision at General Meetings. In addition, meetings are presented in the table below. Johan Malmquist to the Remuneration the Committee follows and evaluates The company’s auditors participated in Committee despite not being independent ongoing and completed variable remuner- all meetings convened by the Auditing in relation to the company and executive ation programs for the Getinge Executive Committee. Jointly with the auditors, the management is a deviation from rule 9.2 of Team during the year and the application of Committee discussed and established the the Code. The reason for this deviation is the guidelines for remuneration to senior scope of the audit. that Johan Malmquist, who has served for executives resolved at the AGM.

Board of Directors and Committees in 2018

Committees Attendance Year Depen- Auditing Remuneration Board Auditing Remuneration Member elected dent1 Committee Committee meetings Committee Committee Carl Bennet, Chairman 1989 Chairman 10/11 2/2 Johan Bygge 2007 Chairman 11/11 9/9 Cecilia Daun Wennborg 2010 Member 11/11 9/9 Barbro Fridén 2017 Member 11/11 2/2 Dan Frohm 2017 Member* Member 11/11 4/5 2/2 Sofia Hasselberg 2017 Member 11/11 9/9 Johan Malmquist 2016 Member 11/11 2/2 Mattias Perjos 2017 11/11 Malin Persson 2014 Member 11/11 2/2 Johan Stern, Vice Chairman 2004 Member** Member 10/11 3/4 1/2 Board members appointed by employees Peter Jörmalm 2012 11/11 Rickard Karlsson 2013 11/11 Åke Larsson (deputy) 2014 11/11 Maria Grehagen Hedberg 2014 (deputy) 9/11

1) As defined by the Swedish Corporate Governance Code Representative of Getinge’s principal owner Carl Bennet AB Former President and CEO of Getinge Getinge’s President and CEO * Dan Frohm was appointed a new member at the statutory Board meeting following the 2018 AGM. Board member of Getinge’s principal owner Carl Bennet AB ** Johan Stern was a member until the 2018 AGM.

58 2018 ANNUAL REPORT Introduction Market Strategy Operations Sustainability Annual Report Other

The Auditing Committee is a standing com- examine and monitor the consolidated The current mandate period expires at mittee in the contact between the Board financial statements and provide recom- the 2019 AGM. The auditors report to the and the auditors, and continuously reports mendations and proposals on ensuring Auditing Committee and the Board on on its work to the Board. the reliability of the financial reporting and their findings. In addition to standard audit The Auditing Committee follows written monitor the efficiency of the company’s assignments, Öhrlings PricewaterhouseC- instructions and its activities are to meet internal control, risk management and oopers AB provides advisory services and the requirements of the Swedish Compa- internal audit. In addition, the Auditing performs investigations. Such assign- nies Act and the EU Audit Regulation. The Committee is involved in planning the ments take place in accordance with the Committee’s tasks include assisting the external audits and continuously consults regulations determined by the Auditing Nomination Committee with preparing and confers with the external auditors. Committee for approval of the nature and proposals for resolutions by the General scope of the services and the fees for such Meeting on election of auditors and fees to External auditors services. The performed assignments are audits, for which the Committee is to mon- Getinge’s auditors are elected at the AGM. not deemed to have given rise to a conflict itor that the auditor’s mandate period does The auditors will review the Annual report, of interest. Details about the amounts of not exceed applicable rules, procure the financial statements and the consolidat- remuneration paid to auditors are present- audit and present a recommendation in ed financial statements as well as the ed in Note 5. accordance with the EU Audit Regulation. management by the Board and CEO in The Auditing Committee is also to accordance with generally accepted au- CEO and Getinge Executive Team examine and monitor the independence of diting standards. After every fiscal year an It is the CEO’s responsibility to implement the auditors and pay particular attention to auditor’s report is presented to the Parent and ensure that the strategies, business whether the auditors provide other non-au- Company and a Group auditor’s report is plans and operational objectives agreed dit services. The Auditing Committee is presented to the General Meeting. At the on by the Board are carried out. It is also also to publish guidelines on non-audit 2018 AGM, the registered accounting firm the CEO’s responsibility to keep the Board services provided by the auditors and, in Öhrlings PricewaterhouseCoopers AB was up to date with information and essential applicable cases, approve the provision of elected auditor with the authorized public management information, to submit re- such services in accordance with these accountant Johan Rippe as the Auditor in ports at the Board meetings while keeping guidelines. The Auditing Committee is to Charge and Eric Salander as co-auditor. the Board and Chairman continually

Board and Auditing Committee meetings

December 14 January 28 Board meeting: Board meeting: Financial plan Annual accounts October 18 December 6 January 27 Board meeting: Auditing Committee DEC JAN Auditing Committee Interim report

F October 14 V E O B Board meeting N February 13 and 21 Q Board meeting October 2 and 17 4 1 Q Auditing Committee

M

T A March 21 C R September 13 O Board meeting Board meeting: March 2 and 14 Company visit and Auditing Committee

review of operations S

E R September 12 P P A Auditing Committee April 26

Q Board meeting: 2 3 Q Interim report A U Y Annual General G A M Meeting April 19 J UL JUN Auditing Committee

July 16 July 18 Board meeting: Board meeting Interim report July 12 Auditing Committee

2018 ANNUAL REPORT 59 Passion for life

updated about the Group’s and company’s Internal Control ters that are responsible for the day-to-day financial position and future development and risk management handling of transactions and accounting. opportunities. The CEO is supported by Description Each business area and the sales orga- the Getinge Executive Team comprising At Getinge, internal control over the nization has a financial manager, who is presidents of the business areas, global financial reporting is an integral part of cor- responsible for the financial control and for sales and Group-wide support functions. porate governance. It comprises processes ensuring that the financial statements are At year-end 2018, Getinge Executive and methods to safeguard the Group’s accurate, complete and submitted in good Team comprised nine individuals. These assets and accuracy in the financial time prior to consolidated reporting. people are presented on pages 64-65 in reporting, and in this manner, protects the this Annual Report. The Getinge Executive shareholders’ investment in the company. Risk assessment Team held seven meetings in 2018 and By conducting quantitative and qualitative remained in continuous contact between Control environment risk analyses based on the offering and op- meetings. The focus of the meetings was Getinge’s organization is designed to erations, Getinge can identify the key risks mainly the Group’s strategic and opera- quickly respond to changes in the market. that could threaten the achievement of tional performance, monitoring results and Operational decisions are thus made on business and financial targets. In addition, quality issues. a decentralized basis, while decisions on several units in each business area and strategy, focus, acquisitions and overall fi- in the sales organization are analyzed to Operating activities nancial issues are made by Getinge Group’s gain a more detailed understanding of the Getinge’s operating activities comprise the Board and the Getinge Executive Team. actual application of the existing rules and business areas of Acute Care Therapies, The internal control over the financial regulations. Life Science and Surgical Workflows as reporting at Getinge is designed to manage Accordingly, measures to minimize well as a global and shared sales organi- these conditions. The basis of the internal identified risks are formulated centrally zation that aims to capitalize on synergies control over the financial reporting com- within the Group. Getinge initiated several in sales. Each operating unit at Getinge is prises the control environment, including activities in 2018 to raise risk awareness headed by a management team respon- the organization, decision-making chan- and to more efficiently manage identified sible for the operations of each unit. The nels, authorities and the responsibilities risks. A company-wide risk analysis was operational management team is the that are documented and communicated one of the measures carried out in the function below the Getinge Executive in steering documents. autumn of 2018. The following risk areas Team that is responsible for ensuring and Each year, the Board adopts a formal were identified: monitoring that the decisions made are work plan that regulates the duties of • Quality-related risks carried out. the Chairman and the CEO. The Board • Sales via third-party distributors Getinge’s synergy functions are located has established an Auditing Committee • Regulatory changes for product centrally in the Group to coordinate to increase knowledge of the level of certification finance, IT, legal, human resources, com- transparency and control of the company’s • Changes to remuneration models munication and marketing, strategy and accounts, financial reporting and risk man- for Getinge’s customers group operations (strategy, purchasing, agement, and a Remuneration Committee • Cyber security logistics and shared services), quality and to manage remuneration to company • Business continuity ethics & compliance. These functions are management. • Platforms and processes responsible for supporting and monitoring Each business area and the sales organi- • Ethical and legal risks the development of the company. zation has one or more administrative cen- • Financial risks

Fees for Board and Committee work 2018, SEK

Remuneration Auditing Board fee Committee fee Committee fee Total Carl Bennet, Chairman 1,184,000 125,000 - 1,309,000 Johan Bygge 592,000 - 260,000 852,000 Cecilia Daun Wennborg 592,000 - 130,000 722,000 Barbro Fridén 592,000 92,000 - 684,000 Dan Frohm 592,000 92,000 130,000 814,000 Sofia Hasselberg 592,000 - 130,000 722,000 Johan Malmquist 592,000 92,000 - 684,000 Malin Persson 592,000 92,000 - 684,000 Johan Stern, Vice Chairman 592,000 92,000 - 684,000 Total 5,920,000 585,000 650,000 7,155,000

60 2018 ANNUAL REPORT Introduction Market Strategy Operations Sustainability Annual Report Other

An independent internal audit function Self-assessment and validation was established in 2018, supported by Since 2006, Getinge Group works with external parties. A framework is being de- a formalized process for the follow-up veloped to further analyze probability and and evaluation of the effectiveness of impact and to determine ownership and documentation and control activities. The strategies for monitoring, preventing and control comprises both a self-assessment minimizing the effects of identified risks. and validation of the self-assessments. Validation is performed centrally by the Control activities internal control function. The identified risks related to financial In 2018, a self-assessment was per- reporting are handled by the company’s formed at the units whose combined net control activities. For example, there are sales exceed 85% of the Group’s total net automated controls in IT-based systems sales. that manage authority levels and rights to In conjunction with the standard audits, authorization, as well as manual controls, the auditors conducted an in-depth vali- such as duality in the day-to-day recording dation of the internal control environment. of transactions and closing entries. The self-assessment and validation func- Detailed financial analyses of results tion encompass the processes relating to and follow-ups against plan and forecasts financial reporting, production, inventories, supplement the operation-specific con- fixed and intangible assets, sourcing and trols and provide overall confirmation of revenues from products and services. the quality of the financial reporting. The The system of self-assessment and Group follows standardized templates and validation provides the Board with a proper models to identify and document process- overview of how the Group manages differ- es and controls. ent flows of information and reacts to new information, and how the various control Information and communication systems function. The Group has information and commu- nication procedures to promote com- Outcome 2018 pleteness and accuracy in the financial The follow-up of the internal control in 2018 reporting. Policies and guidelines are indicated that documentation and control available on the company’s intranet. activities over the financial reporting were, Information regarding the efficiency of the in all material respects, established at the internal controls in the Group is regularly validated companies. reported to the relevant parties within the organization. Follow-on work Over the next year, the continuing work Follow-up and monitoring related to internal control in Getinge will The finance department and management principally focus on risk assessment, con- perform monthly analyses of the financial trol activities and follow-up/monitoring. reporting at a detailed level. The Auditing Based on the outcome of the compa- Committee follows up the financial -re ny-wide risk analysis carried out in the porting at its meetings and the company’s autumn of 2018, resources will continue auditors report on their observations and to be assigned to documenting additional provide recommendations. critical processes and control activities. The Board receives financial reports Depending on the outcome of the imple- on a monthly basis and the company’s mented self-assessment and risk analysis, financial position is discussed at every it may be necessary to address reported Board meeting. shortcomings. The efficiency of the internal control activities related to the financial reporting is followed up centrally in the Group every year and comprises an as- sessment of the formulation and operative function of key control elements that have been identified and documented.

2018 ANNUAL REPORT 61 Passion for life

Board of Directors

Carl Bennet (1951) Johan Bygge (1956) Cecilia Daun Wennborg (1963) Barbro Fridén (1956) Board member elected by AGM, Board member elected by AGM Board member elected by AGM Board member elected by AGM Chairman of the Board M.Sc. (Economics) M.Sc. (Economics) Licensed physician, M.D. M.Sc. (Economics), Dr. Tech. h.c. Assignments on Getinge’s Board: Assignments on Getinge’s Board: Assignments on Getinge’s Board: Mem- Assignments on Getinge’s Board: Chairman of the Auditing Committee. Member of the Auditing Committee. ber of the Remuneration Committee. Chairman of the Board since 1997. Board member since 2007. Board member since 2010. Board member since 2017. Chairman of the Nomination Commit- Other assignments: Senior industrial Other assignments: Board member of Other assignments: Board member of tee. Chairman of the Remuneration advisor at EQT stationed in Asia companies including ICA Gruppen AB, Vitrolife AB, Apoteket AB, Helsa AB, Committee. Board member since 1989. Pacific and Board Chairman of PSM Loomis AB, Bravida Holding AB, Hoist Brighter AB and the Swedish Sea Res- Other assignments: CEO of Carl International, China, member of Board Finance AB, Oncopeptides AB, Atvexa cue Society. Consultant and Advisor. Bennet AB, Chairman of the Board of of Trustees of SNS, Centre for Business AB and Sophiahemmet. Member of the Previous assignments: CEO of Sheikh Elanders and Lifco. Board member and Policy Studies. Swedish Securities Council. Khalifa Medical City, United Arab Emir- of Arjo, Holmen and L E Lundberg­ Previous assignments: CFO of Investor Previous assignments: Vice President ates, CEO of Sahlgrenska University företagen. AB, Executive Vice President of of Ambea AB, President of Carema Hospital, Division Director of Astrid Previous assignments: President and and CFO of Electrolux. Vård och Omsorg AB, acting President Lindgren Children’s Hospital, Medical CEO of Getinge. Shareholding (own and related of Skandiabanken, Head of Swedish Director of Fertilitetscentrum AB in Shareholding (own and related parties): 10,000 Class B shares. Operations at Skandia and President Stockholm and Gothenburg, and Opera- of Skandia Link. tions Director of the clinic Women’s and parties): Holds 18,217,200 Class A Synthetic options: 144,927 Class B Children’s Health in Varberg, Sweden. shares and 36,332,969 Class B shares. shares. Shareholding (own and related parties): 4,500 Class B shares. Shareholding (own and related Synthetic options: 144,927 Class B parties): 300 Class B shares. shares. Synthetic options: 72,463 Class B shares.

Dan Frohm (1981) Maria Grehagen Hedberg Sofia Hasselberg (1983) Peter Jörmalm (1959) Board member elected by AGM (1958) Board member elected by AGM Regular Board member 2018-, repre- sentative of Unionen M.Sc. (Industrial Engineering and Deputy representative of the Swedish M.D. Management). Metalworkers’ Union Materials Planner, Logistics depart- Assignments on Getinge’s Board: ment at Getinge Sterilization. Assignments on Getinge’s Board: Assembly Member of the Auditing Committee. Member of the Auditing Committee. Assignments on Getinge’s Board: Board member since 2017. Assignments on Getinge’s Board: Member of the Remuneration Commit- Deputy 2012–2014. Regular Board Deputy representative since 2014. Other assignments: Director, Head tee. Board member since 2017. member 2014–2016. Deputy 2016–2018. Employed at Maquet Critical Care AB of Digital and Customer Solutions at Employed at Getinge Infection Other assignments: CEO of VD i DF Shareholding (own and related MSD AB. Advisory LLC. Board member of Carl Control AB parties): Holds no shares. Previous assignments: Vast experi- Bennet AB, Elanders AB and Swedish-­ Shareholding (own and related ence as a senior adviser, providing American Chamber of Commerce, Inc. parties): Holds no shares. strategic, operational and organiza- Previous assignments: Management tional advice to players across the full consultant at Applied Value LLC in healthcare value chain. Engagement New York. Manager at McKinsey & Company until Shareholding (own and related 2017. Physician at Karolinska University parties): 149,510 Class B shares. Hospital, Solna, Sweden. Synthetic options: 144,927 Class B Shareholding (own and related shares. parties): Holds no shares.

62 2018 ANNUAL REPORT Introduction Market Strategy Operations Sustainability Annual Report Other

Rickard Karlsson (1970) Åke Larsson (1966) Johan Malmquist (1961) Mattias Perjos (1972) Regular Board member, representative Deputy 2018-, representative of Board member elected by AGM Board member elected by AGM of Swedish Metalworkers’ Union Swedish Association of Graduate M.Sc. (Economics) M.Sc. (Industrial Engineering and Assembly Engineers Assignments on Getinge’s Board: Management). M.Sc. (Engineering), Research & Assignments on Getinge’s Board: Member of the Remuneration Commit- Assignments on Getinge’s Board: Development Regular Board member since 2014. tee. Board member since 2016. Board member since 2017. Deputy 2013–2014. Employed at Assignments on Getinge’s Board: Other assignments: Chairman of Other assignments: President and Getinge Sterilization AB Deputy 2014-2016, regular Board Arjo AB and Tingstad Pappers AB. CEO of Getinge. Shareholding (own and related member 2016-2018. Board member of Elekta AB (publ.), Previous assignments: CEO of Coesia parties): Holds no shares. Employed at Maquet Critical Care AB Mölnlycke Health Care AB, the Dunker Industrial Process Solutions (IPS) and Shareholding (own and related Foundations, Stena Adactum, Coesia International. Prior to that, parties): Holds no shares. Trelleborg AB and Chalmers University Mattias Perjos held a number of senior of Technology Foundation. international positions at FlexLink Previous assignments: President and including the role of CEO. CEO of Getinge Group from 1997 to Shareholding (own and related 2015, Business Area Director within parties): 34,500 Class B shares. Getinge Group, President of Getinge Group’s French subsidiary, President of Synthetic options: 579,710 Class B subsidiaries in the Electrolux Group. shares. Shareholding (own and related parties): 90,000 Class B shares. Synthetic options: 144,927 Class B shares.

Malin Persson (1968) Johan Stern (1951) Board member elected by AGM Board member elected by AGM, Vice M.Sc. (Industrial Engineering & Chairman of the Board Management) M.Sc. (Economics) Assignments on Getinge’s Board: Assignments on Getinge’s Board: Member of the Remuneration Commit- Member of the Remuneration Commit- tee. Board member since 2014. tee. Board member since 2004. Other assignments: CEO and owner of Other assignments: Chairman of Accuracy AB, Board member of compa- Healthinvest Partners AB, Rolling nies including Mekonomen, Hexatron- Optics AB, Fädriften Invest AB, Skanör ic, Hexpol AB, Evry AS and Peab. Falsterbo Kallbadhus AB and Harry Previous assignments: CEO of the Cullberg’s Fund Foundation. Board Chalmers University of Technology member of Carl Bennet AB, Elanders Foundation, many years’ experience in AB, Lifco AB, RP Ventures AB, Swed- major Swedish industrial enterprises ish-American Chamber of Commerce, such as the Group. Inc. and Estea AB. Shareholding (own and related Previous assignments: Active within parties): SEB’s operations in Sweden and the US. 5,284 Class B shares. Shareholding (own and related Synthetic options: 144,927 Class B parties): 30,104 Class B shares. shares. Synthetic options: 144,927 Class B 2018 ANNUAL REPORT 63 shares. Passion for life

Getinge Executive Team

Mattias Perjos (1972) Lars Sandström (1972) Stéphane Le Roy (1977) CEO & President Chief Financial Officer President Surgical Workflows M.Sc. (Industrial Engineering and Management). M.Sc. (Economics) Masters Degree (Industrial Engineering). Swedish citizen Swedish citizen French citizen Employed at Getinge since 2017 Employed at Getinge since 2017 Employed at Getinge since 2012 Shareholdings (own and related parties): Shareholdings (own and related parties): Shareholdings (own and related parties): 34,500 Class B shares 13,159 Class B shares Holds no shares. Synthetic share options: 579,710 Class B shares Synthetic share options: 289,855 Class B shares Synthetic share options: Holds no shares. Previous experience: CEO of Coesia IPS Division and Previous experience: Senior Vice President Group Previous experience: Regional President, South Coesia International 2012-2017. CEO of Flexlink 2006- reporting, Tax & Control at AB Volvo (2015-2017). West Europe for Getinge where he started his career 2016 and other senior positions in the Group where Several senior positions within Scania such as Vice in 2012 as country manager for Infection Control in he started his career in 1998. President Financial Services, Head of Group Financial France. Between 2006 and 2012 he was business reporting and Head of Group Reporting and Control. unit manager for CT Scanners in France for Siemens CFO of Swedish Orphan Biovitrum AB 2010-2012. Healthcare. Before that, he held several senior posi- tions at GE Healthcare.

Jens Viebke (1967) Harald Castler (1957) Carsten Blecker (1966) President Acute Care Therapies President, Life Science Chief Commercial Officer Executive MBA, PhD (Polymer Technology) and M.Sc. (Chemical Engineering) PhD (Dentistry), Doctorate (Business Administration) M.Sc. (Chemical Engineering). Swedish citizen German citizen. Swedish citizen Employed at Getinge since 1988 Employed at Getinge since 2014 Employed at Getinge since 2010 Shareholdings (own and related parties): Shareholdings (own and related parties): Shareholdings (own and related parties): 12,966 Class B shares 1,000 Class B shares 1,100 Class B shares Synthetic share options: 217,391 Class B shares Synthetic share options: 144,927 Class B shares Synthetic share options: 217,391 Class B shares Previous experience: Leading positions in Getinge for Previous experience: President WEMEA in Medical Previous experience: Chief Technology Officer of more than 30 years, including Sales and Marketing di- Systems and President Middle East & Africa for Get- Acute Care Therapies and President of Vascular Sys- rector for Infection Control and President for Getinge inge. Carsten Blecker’s previous experience includes tems and Critical Care at Getinge. He had previously International. positions at Biomet, McKinsey & Company, held positions at GE Healthcare Life Sciences. Kimberly-Clark, Medtronic and Palex Medical.

64 2018 ANNUAL REPORT Introduction Market Strategy Operations Sustainability Annual Report Other

Lena Hagman (1966) Jeanette Hedén Carlsson (1966) Magnus Lundbäck (1969) Executive Vice President Quality Regulatory Executive Vice President Communications & Brand Executive Vice President Human Resources Compliance Management & Sustainability B.Sc. (Chemistry and Textile Engineering) B.Sc. (Business Administration) PhD (Strategy and Organization) and Licentiate Swedish citizen Swedish citizen of Science Employed at Getinge since 2010 Employed at Getinge since 2017 Swedish citizen Shareholdings (own and related parties): Shareholdings (own and related parties): Employed at Getinge since 2017 3,656 Class B shares Holds no shares. Shareholdings (own and related parties): Synthetic share options: 217,391 Class B shares Synthetic share options: 144,927 Class B shares 1,000 Class B shares Previous experience: Senior Vice President, Group Previous experience: Senior management positions Synthetic share options: 217,391 Class B shares Quality & Regulatory Compliance for Getinge. Lena within Communication and Marketing in the Volvo Previous experience: SVP Human Resources & has a broad background from the field of quality Group and Volvo Car Group. Most recent assignment Sustainability for the Gunnebo group. He has and her experience includes working at companies held was as Senior Vice President Brand & Commu- previously served as Executive Vice President Human including Capio, Neoventa Medical AB and Mölnlycke nication Volvo Trucks, with responsibility for global Resources and Sustainability at Getinge and as Healthcare. marketing, brand management, media relations and Vice President of Human Resources at Volvo Car internal communication. Corporation.

2018 ANNUAL REPORT 65