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Eric Elzvik, Lead Independent Director and Chairman of the Remuneration Committee, is a Swiss and Swedish citizen, born in 1960. He has been a member of the Board of Directors since 2017. Mr. Elzvik also currently serves as board member of AB Volvo (STO: VOLV), board member and chairman of the audit and compliance committee at LM Ericsson Telephone Company (STO: ERIC), chairman of IP-Only/Global Connect Group, and board member of VFS Global. Between 2013 and 2017, Mr. Elzvik served as Chief Financial Officer and Member of the Group Executive Committee of ABB Ltd. Prior to his role as CFO of ABB, Mr. Elzvik served as Division CFO ABB Discrete Automation & Motion (2010-2013) and division CFO Automation Products Division (2006-2010) at ABB Ltd, Zurich. Earlier in his career, Mr. Elzvik had various positions within the ABB Group beginning 1984, including senior management positions within finance, mergers & acquisitions, and new ventures. Mr. Elzvik holds a Master of Business Administration (Civilekonom), Stockholm School of Economics, Sweden.