Corporate governance

Board of directors

Copperstone’s Board of Directors are appointed by the company’s owners and are responsible for ensuring that the company’s organization and administration safeguard the shareholders’ interests in the best possible way. The work of the Board of Directors is regulated in rules of procedure adopted annually.

Per Colleen, Chairman of the Board

Board member since 2022, Chariman since 2023.

Born: 1969

Education and professional experience: Per holds a Master of Science in Business and Economics from Lund University. He has many years of experience from the financial industry, including as former Head of Equities at AP4 between 2013–2021, SEB Investment Management between 2011–2013 and DnBNor between 2008–2011.

Other current assignments: Per is CEO of TomEnterprise AB, which holds shares in Copperstone

Holdings in Copperstone Resources:
Shares: 150,000 through companies.
Warrants: –

Independent in relation to the Company and its management but not independent in relation to the Company’s major shareholders.

Markus Petäjäniemi, Board member and Deputy chairman of the board

Vice Chairman of the Board since 2021

Born: 1959

Education and professional experience: Markus Petäjäniemi has over 15 years of experience from various management positions within LKAB and was a member of the group management of LKAB until March 2021. His most recent managerial role within LKAB was as Senior Vice President Market & Technology and was thus responsible for sales and marketing of LKAB iron ore products and R&D, with a focus on development and innovation to create LKABS ‘future sustainable energy and production systems. Markus has been Chairman of the Board of LKAB Malmtrafik AB and LKAB Norge AS, both 100% owned by LKAB, and Board member of Hybrit Development AB and MEFOR.

Other current assignments: Markus is a board member and chairman of Last & Terrain Häggroths Traktor Aktiebolag and Kiruna Cargo AB. In addition, he is a board member of Impulseradar Sweden AB and a deputy board member of Lemape AB.

Holdings in Copperstone Resources:
Shares: 11,250.
Warrants:  62,500 (2021/2024:2) and 37,500 (2022/2025:2) through Lemape AB

Independent in relation to the Company and its management and in relation to the Company’s major shareholders.

Jörgen Olsson, Board member

Board member since 2020.

Born: 1961

Education and professional experience: Jörgen Olsson (Bachelor of Science in Business and Economics from Luleå University) has an extensive track record in building company culture, financing and profitable growth, e g as Chairman and CEO of Hoist Finance growing to 1,700 employees.

Other current assignments: Jörgen is a board member and chairman of Kiruna Växer cooperation, board member of Deciso AB and deputy board member of JOHECO AB.

Holdings in Copperstone Resources:
Shares: 3,543,673  ( through JOHECO AB) and 15,048 (private holding).
Warrants: 150,000 (2021/2024:2), 250,000 (2022/2025:2) and 125,000 (2023/2027:2)

Not independent in relation to the Company and its management and not independent in relation to the Company’s major shareholders.

 

Jane Lundgren Ericsson, Board member

Board member since 2020

Born: 1965

Education and professional experience: Jane Lundgren Ericsson holds a Master of Law degree from Stockholm University and an LL.M. from the University of London. Jane has more than 20 years of experience from the financial and capital markets and from leading positions within AB Svensk Exportkredit where she was part of the executive management 2005–2018.

Other current assignments: Jane is a board member of SBAB Bank since 2013. She is also board member of AB Sveriges Säkerställda Obligationer (publ), Miskatonic Ventures Aktiebolag, Ineytt AB, Bokio AB, and Visma Financial Solutions. She is also CEO of Flex Applications AB,

Holdings in Copperstone Resources:
Shares: 70,873
Warrants: 100,000 (2021/2024:2) and 100,000 (2022/2025:2)

Independent in relation to the Company and its management and in relation to the Company’s major shareholders.

Henrik Ager, Board member

Board member since 2023

Born: 1969

Education and professional experience:
Henrik is educated at the Stockholm School of Economics. Henrik was previously a partner at the consulting company McKinsey where he worked for 16 years focusing on the mining industry, with strategic and operational work for global and Swedish mining companies. During his eight years at Sandvik, Henrik was Head of Strategy for Business Area Mining, President of Sandvik Rock Tools and President of the company’s largest business area, Sandvik Mining and Rock Solutions, with approximately 17,000 employees. During the period December 2022 – September 2023 Henrik was CEO of Copperstone.

Other current assignments:
Henrik is a board member of Re:NewCell AB and CEO of Höganäs AB.

Holdings in Copperstone Resources:
Shares: —
Warrants: 50,000 (2022/2025:1)

 

Not independent in relation to the Company and its management but independent in relation to the Company’s major shareholders.

Sven-Erik Bucht, Board member

Board member since 2019

Born: 1954

Education and professional experience: Sven-Erik Bucht was Minister for Rural Affairs in the Swedish government between 2014-2019. Member of Parliament 2010–2019. Prior to that, the chairman of the municipal executive board and municipal commissioner in Haparanda. Has previously, during 2020-2023, represented Sweden in the Nordic Freedom of Movement Council. He has previously held positions as CEO, Sales Manager and Head of Administration.

Other current assignments: Sven-Erik is a board member of Infranord AB and the Swedish Pensions Agency.

Holdings in Copperstone Resources:
Shares: 127,752.
Warrants: 100,000 (2021/2024:2)

Independent in relation to the Company and its management and in relation to the Company’s major shareholders.

Lars Seiz, Board member

Board member since 2020

Born: 1960

Education and professional experience: Lars holds a B.Sc. in Finance and Marketing from Uppsala University and further education in Financial Theory from the Stockholm School of Economics. He has over 30 years of experience from the financial sector with leading positions in, among others, SEB and the Second Swedish National Pension Fund. Between 2008 – 2016 he was a board member of Barramundi Asia Pte Ltd. in Singapore. In recent years, he has also co-founded several companies in various industries, where he currently acts as an advisor in financing and corporate affairs.

Other current assignments: –

Holdings in Copperstone Resources:
Shares: 175,000.
Warrants: 164,000 (2021/2024:2) and 100,000 (2022/2025:2)

Independent in relation to the Company and its management and in relation to the Company’s major shareholders.

Ing-Marie Andersson Drugge, Board member

Board member since 2022

Born: 1962

Education and professional experience: Ing-Marie has extensive experience  from the mining and construction industry. Ing-Marie grew up in Malmberget and has a Master of Science degree in metallurgy and materials science from Luleå University. Ing-Marie has previously held leading positions at BillerudKorsnäs, Boliden and Outokumpu.

Other current assignments: Plant Manager at Munters, a global leader in innovative, energy-efficient and sustainable climate solutions for mission-critical processes where temperature and humidity control is mission critical.

Holdings in Copperstone Resources:
Shares: 75 (through close relatives)
Warrants: 25,000 (2022/2025:2)

Independent in relation to the Company and its management and in relation to the Company’s major shareholders.