102 BOARD OF DIRECTORS AND AUDITORS Lars Lundquist Chairman of the Board, Chairman of the Compensation Committee and the Investment Committee Appointed to the Board: 2005 Shares in JM: 85,000 Age: 65 Education: MSc Econ. Stockholm School of Economics; MBA, University of Wisconsin. Work experience: 32 years at various banks, brokerage firms and insurance companies. Other significant appointments: Chairman of the Board of Vasakronan, Intrum Justitia AB and Försäkrings AB ERIKA. Board member and treasurer of Hjärt-Lungfonden. Independent: The Director is considered to be independent in relation to the Company and its management as well as major shareholders in the Company. Anders Narvinger Board member and member of the Audit Committee Appointed to the Board: 2009 Shares in JM: 5,000 Age: 64 Education: MSc Eng. Faculty of Engineering at Lund University; MSc Econ. Uppsala University. Work experience: 8 years as President of Teknikföretagen and active 30 years within the ABB Group, as e.g. President and CEO of ABB Sverige. Other significant appointments: Chairman of the Board of Telia Sonera AB, Alfa Laval AB, Capio AB, Trelleborg AB and Coor Service Management AB. Board member of Pernod Ricard S.A. and ÅF AB. Independent: The Director is considered to be independent. Kia Orback Pettersson Board member and member of the Audit Committee Appointed to the Board: 2010 Shares in JM: 740 Age: 53 Education: MSc Econ. Work experience: 20 years experience from leading positions within retail, real estate and media business; President of Sturegallerian and VP of Guldfynd/Hallbergs. Other significant appointments: Partner in Konceptverkstan. Chairman of the Board of NAI Svefa AB, Ponderus Invest AB and Forsen Projekt AB. Board member of Garbergs AB, Jernhusen AB, Kungsleden AB, Octanorm Nordic AB and Tengbomgruppen AB. Independent: The Director is considered to be independent. EMPLOYEE REPRESENTATIVES Elisabet Annell Åhlund Board member and Chairperson of the Audit Committee Appointed to the Board: 2002 Shares in JM: 2 070 Age: 67 Education: M.Pol.Sc. Stockholm University. Work experience: 14 years at KPMG as an authorized public accountant and corporate finance consultant, 11 years as VP and President of three different service companies: MGruppen, Tönnerviksgruppen and Sifo Group, 6 years as President and strategic consultant at SMG and 5 years as President and CEO of Univero Group. Other significant appointments: Chairperson of the Board of Knightec AB and Lärande i Sverige AB. Board member of Skandia Liv AB, Upplands Motor AB, Öresundsbrokonsortiet and LRF Konsult AB. Independent: The Director is considered to be independent. Johan Skoglund President and CEO Board member Appointed to the Board: 2003 Shares in JM: 28,586 including 2,000 in endowment insurance Convertibles: SEK 4,944,636 Material shareholdings or part ownerships in companies with which the Company has material business relationships: 0 Age: 50 Education: MSc Eng. Royal Institute of Technology, Stockholm; MSc Program Stockholm School of Economics. Work experience: 26 years at JM in various positions such as site engineer, project manager, regional manager, business unit manager and President. Other significant appointments: Board member of Castellum AB, Infranord AB and Mentor Sverige. Independent: The Director is considered to be dependent in his capacity as President and CEO. Peter Skogert Concrete worker Age: 39 Member of the Board since 2012. Shares in JM: 0 Convertibles: SEK 118,076 Johan Wegin Construction engineer Age: 47 Member of the Board since 2002. Shares in JM: 1,943 Convertibles: SEK 0 Thomas Mattsson Constructor Age: 50 Deputy member of the Board since 2012. Shares in JM: 0 Convertibles: SEK 0 Jan Strömberg MSc Eng. Age: 54 Deputy member of the Board since 2011. Shares in JM: 0 Convertibles: SEK 515,955 Johan Bergman Board member and member of the Investment Committee Appointed to the Board: 2012 Shares in JM: 1,000 Age: 48 Education: Degree in engineering, Royal Institute of Technology, Stockholm. Work experience: 16 years in various positions within the Skanska Group and 6 years as President of NIAM AB. Other significant appointments: None. Independent: The Director is considered to be independent. Åsa Söderström Jerring Board member and member of the Compensation Committee and Investment Committee Appointed to the Board: 2007 Shares in JM: 5,000 Age: 56 Education: MSc Econ. Stockholm University. Work experience: 25 years of experience from the building and real estate industry in various positions such as Communications Manager at NCC Bygg, President at Ballast Väst and President at SWECO Theorells. Other significant appointments: Board member of Geveko AB, Rejlers AB, Comfort-kedjan AB, ELU Konsult AB, Arkitekterna Krook & Tjäder AB, San Sac AB and Nordic Home Improvement AB. Partner in Infobooks AB. Independent: The Director is considered to be independent. SECRETARY OF THE BOARD Maria Bäckman General Counsel at JM AB Age: 39 Secretary to the Board of Directors since 2012. Shares in JM: 500 Convertibles: SEK 180,005 AUDITORS Ernst & Young AB Jonas Svensson, Authorized Public Accountant Lars Träff, Authorized Public Accountant Ernst & Young AB was re-elected to serve as auditors of JM AB at the AGM in April 2012. Shareholdings pertain to personal holdings or a related physical or legal person’s holdings of JM AB shares and other financial instruments, as of February 22, 2013. J M A N N U A L R E P O R T 2 0 1 2