Re-election

Annika Bäremo LL.B, born in 1964, elected to the Board in 2006.
Annika Bäremo has been employed by Sandvik AB as Senior Legal Advisor since 2000. Annika Bäremo is not independent of owners controlling more than 10 per cent of the company. Annika Bäremo held 500 shares in Seco Tools AB at year-end 2010.

Stefan Erneholm, LL.B., born in 1950, elected to the Board in 1999. Stefan Erneholm is self-employed and manages a consulting business in the corporate finance area, primarily in Sweden. He is also a member of the Swedish Securities Council and the Stockholm Stock Exchange’s Disciplinary Board. Stefan Erneholm was previously active for many years in S-E Banken’s investment bank division Enskilda. Stefan Erneholm held 17,500 shares in Seco Tools AB at year-end 2010.

Staffan Jufors, M.Sc. Econ./MBA, born in 1951, elected to the Board in 2007.
Staffan Jufors has been President of Volvo Lastvagnar AB since 2004. During the period 1998–2004, Staffan Jufors was President of AB Volvo Penta. Prior to this, Staffan Jufors held senior positions in Volvo Personvagnar AB. Staffan Jufors is currently also Chairman of Volvo Bussar AB and Vice Chairman of North America Trucks, USA. Staffan Jufors held no shares in Seco Tools AB at year-end 2010.

Peter Larson, MBA, born in 1949, elected to the Board in 2008 and was also a member of the Board in 2001.
Peter Larson has been Executive Vice President of Sandvik AB since 2000. Peter Larson was responsible for HR at Sandvik AB up to 30 September 2010, where he has previously been responsible for IT and served as CFO. Prior to this, Peter Larson held senior positions in Kanthal AB, Uddeholm Tooling, Härnösands Grafit AB and Asea/ABB. Peter Larson is not independent of owners controlling more than 10 per cent of the company. Peter Larson held 1,600 shares in Seco Tools AB at year-end 2010.

Anders Ilstam, Mercantile Engineer, born in 1941, elected to the Board in 2003.
Anders Ilstam is Chairman of Grimaldi Industri AB, Beijer Electronics AB and Munters AB, and a Board member of Cycleurope AB. During the period 1993–2004, Anders Ilstam was employed in the Sandvik group, most recently as President of Sandvik Mining and Construction and member of Sandvik’s group executive management. Prior to this, Anders Ilstam worked for SKF as Head of SKF Tools SKF Tools. Anders Ilstam held 10,000 shares in Seco Tools AB at year-end 2010.

Carl-Erik Ridderstråle, Licentiate of Technology, Royal Institute of Technology, born in 1942, elected to the Board in 2005.
Carl-Erik Ridderstråle is Chairman of BE Group AB, Hultdins System AB and SECTRA AB, and is a Board member of DIAB Int. AB. Carl-Erik Ridderstråle was President of Kanthal AB during 1985–1989, business area manager of ABB Service during the period 1989–1992, CEO of BT Industries during 1992–2002 and executive advisor to BT’s owner Toyota Industries Corporation during 2002–2004. Carl-Erik Ridderstråle held 11,000 shares in Seco Tools AB at year-end 2010.

Election of new Board Members

Lars Bergström, M. Eng., Royal Institute of Technology, MBA from Uppsala University, born 1958.
Since 1 January 2011, Lars Bergström is President and CEO of Seco Tools AB. Lars Bergström has a long background in the Swedish engineering industry though previous experience as President and CEO of BE Group AB, President and CEO of Karolin Machine Tools (KMT) and several senior positions in the ABB group. Lars Bergström held no shares in Seco Tools AB at year-end 2010.

Alrik Danielson, M.Sc. Econ, born 1962.
Alrik Danielson is President and CEO of Höganäs AB and a member of the boards of the Swedish Steel Producers’ Association, EFG European Furniture Group AB and the Chamber of Commerce and Industry of Southern Sweden. Alrik Danielson has previously held management positions within AB SKF. Alrik Danielson held no shares in Seco Tools AB at year-end 2010.