Viscaria’s Board of Directors are appointed by the company’s owners and are responsible for ensuring that the company’s organisation 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 since 2023, Board member since 2022
Born: 1969 Education and professional experience: Per holds a Master of Science in Business Administration and Economics from Lund University. He has many years of experience in the financial industry, including as former Head of Equities at AP4 in 2013-2021, SEB Investment Management in 2011-2013, and DnBNor in 2008-2011.
Other ongoing assignments: Per is CEO of TomEnterprise AB, which holds shares in Viscaria. Per is also a board member at Qvantum Industries, Hammar Maskin AB, GA Drilling Holding Inc. and Optio Investment Partners.
Warrants: –
Independent in relation to the Company and its management, but not independent in relation to the Company’s major shareholders.
Markus Petäjäniemi
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 LKAB’s Group Management until March 2021. His most recent managerial role within LKAB was as Senior Vice President Market & Technology and he was thus responsible for sales and marketing of LKAB’s iron ore products as well as R&D, with a focus on development and innovation to create LKAB’s 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, as well as a Board member of Hybrit Development AB and MEFOR.
Other ongoing assignments: Markus is a board member and Chairman of Last & Terräng Häggroths Traktor Aktiebolag and Kiruna Cargo AB. In addition, he is a board member of Impulseradar Sweden AB, Chairman of the Board in the economic association Arctic Rail, and a deputy board member of Lemape AB.
Warrants: –
Independent in relation to the Company and its management, as well as in relation to the Company’s major shareholders.
Lars-Eric Aaro
Board member since 2025
Born: 1956
Education and professional experience: Lars-Eric Aaro has over 40 years of experience in the mining industry and served as CEO and President of LKAB from 2009 to 2015. He has also held senior positions at Boliden, Outokumpu, Secoroc (now Epiroc), ÅF (now AFRY), and AssiDomän. He is a Mining Engineer (M.Sc.) from Luleå University of Technology, an honorary doctor at Luleå University of Texhnology and a fellow of the Royal Swedish Academy of Engineering Sciences (IVA).
Other ongoing assignments: Lars-Eric is a member of the Board in the chemical company WIBAX Group AB, stock listed companies as Rana Gruber A/S and Infra company NYAB. He serves as chairman of the board in TechIND companies Bothnia Bay Group AB and Predge Holding AB and Blastr Green Steel A/S, among others.
Warrants: –
Lars-Eric is independent in relation to the Company and its management. Independent in relation to the Company’s major shareholders.
Ing-Marie Andersson Drugge
Board member since 2022
Born: 1962
Education and professional experience: Ing-Marie has extensive experience in the mining and construction industry. Ing-Marie grew up in Malmberget and has a Master of Science in Engineering in Metallurgy and Materials Science from Luleå University. Ing-Marie has previously held senior positions at BillerudKorsnäs, Boliden, and Outokumpu.
Other ongoing assignments: Factory Manager at Munters, a global leader in innovative, energy- efficient, and sustainable climate solutions for mission-critical processes where temperature and humidity control are operation-critical.
Warrants: –
Independent in relation to the Company and its management, as well as in relation to the Company’s major shareholders.
Mark Johnson
Board member since 2025
Born: 1959
Education and professional experience: Mark Johnson has extensive experience in the mining industry, with over 40 years in the field. He has spent more than 35 years with Freeport-McMoRan, where he has worked, and continues to work, on mining engineering and operations, infrastructure projects, exploration, strategy, and cost management. For over 20 years, he has been responsible for operations at Grasberg, one of the world’s largest copper and gold mines, located in the Indonesian province of Papua on the western half of New Guinea. He holds a Bachelor of Science in Mining Engineering from the Montana School of Mines.
Other ongoing assignments: Mark does not hold any other board positions.
Warrants: 85,000 (2024/2027)
Mark is independent in relation to the Company and its management, as well as in relation to the Company’s major shareholders.
Jane Lundgren Ericsson
Board member since 2020
Born: 1965
Education and professional experience: Jane Lundgren Ericsson holds a Master of Laws degree from Stockholm University and an LL.M. from the University of London. Jane has more than 20 years of experience in the financial and capital markets and in leading positions within the AB Svensk Exportkredit, where she was part of the Group Executive Management from 2005 to 2018.
Other ongoing 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.
Warrants: –
Independent in relation to the Company and its management, as well as in relation to the Company’s major shareholders.
Jörgen Olsson
Board member since 2020, CEO since 2023
Born: 1961
Education and professional experience: Jörgen Olsson has a Bachelor of Science in Business and Economics from Luleå University. Jörgen has an extensive track record of building corporate culture, f inancing and profitable growth, for example, as former Chairman and CEO of Hoist Finance, which has approximately 1,700 employees. In 2022, Jörgen founded the organisation Kiruna växer with the aim of promoting business and community development in Kiruna, thereby contributing to the municipality’s attractiveness as both a place to live and a business hub. Jörgen served as Chairman of the Board of Viscaria from 2020 to 2023.
Other ongoing assignments: Jörgen is a board member of Deciso AB and an deputy board member of JOHECO AB.
Warrants: 125,000 (2023/2027:2) and 70,000 (2025/2028).
Not independent in relation to the Company and its management and not independent in relation to the Company’s major shareholders.
Lars Seiz
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 in the financial sector with leading positions in, among others, SEB and the Second Swedish National Pension Fund. Between 2008 and 2016, he was a member of the Board of Directors 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 ongoing assignments: Board memeber of Handelsbanken Fonder AB.
Warrants: –
Independent in relation to the Company and its management, as well as in relation to the Company’s major shareholders.
Board committees
Audit Committee
According to the Board’s rules of procedure, the Audit Committee shall consist of at least two Board members who are independent in relation to the company and its management, of which one Board member shall also be independent in relation to the company’s major shareholders.
The Audit Committee is tasked with monitoring the processes surrounding financial reporting, risk management and internal control. The Committee also assists the Nomination Committee with proposals for the election of auditor.
Jane Lundgren Ericsson is a member and Chairman of the Audit Committee, Ing-Marie Andersson Drugge and Per Colleen are both members of the committee.
Remuneration Committee
According to the Board’s rules of procedure, the Remuneration Committee shall consist of the Chairman of the Board and one or more Board members who are independent in relation to the company and its management.
The Remuneration Committee is tasked with preparing the Board’s decisions on matters relating to remuneration and other terms of employment for senior executives. The committee prepares guidelines for remuneration to senior executives that the general meeting is to decide on, and evaluates the application of these guidelines. The Remuneration Committee shall also monitor and evaluate programs for variable remuneration that are ongoing and completed during the year.
Lars Seiz is a member and chairman of the Remuneration Committee and Markus Petäjäniemi is a member.