Annual Report 2006 - Munters

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Board of Directors and AuditorBerthold LindqvistAnders IlstamEva-Lotta KraftBengt KjellBorn 1938.Chairman since 1997.Born 1941.Member since 2005.Born 1951.Member since 2004.Born 1954.Member since 2003.BSc Eng, MD Hon.Background: Executive VicePresident Wilh. Soneson AB,President and CEO Gambro AB.Board member of Securitas AB,JM AB, Cardo AB, Trelleborg AB.Shares held: 2,000 (directly and viacompany)Associate Engineer.Background: President SKF Tools,CTT Tools, Sandvik Mining andConstruction, and other companies.Chairman of Beijer Electronics AB,Air Liquide AB and Grimaldi Industri AB.Board member of Seco Tools AB,Isaberg Rapid AB and Tylö AB.MSc Chem Eng, MBA.Background: Many years ofinternational experience, includingSales engineer etc., AGA, RegionalManager Alfa Laval, Division Managerand Executive Vice President atSiemens-Elema AB, DepartmentManager FOI (The Swedish DefenceResearch Agency).Board member of AB Ångpanneföreningenand Karlstad University.Shares held: 1,500BSc from Stockholm School ofEconomics.Executive Vice President of ABIndustrivärden.Background: Authorized PublicAccountant, Head of CorporateFinance Securum, Senior PartnerNavet AB.Chairman of Kungsleden AB andIndutrade AB.Board member of HelsingborgsDagblad AB, Höganäs AB, IsabergRapid AB and Pandox AB.Sven OhlssonJan SvenssonSören MellstigMats PerssonBorn 1944.Member since 1997.Born 1956.Member since 2004.Born 1951.Member since 1997.Born 1957.Member since 2004.Chairman of Audit Committee.BSc Econ.Background: President of Scancemamong other executive positions.Board member of Dacke PMC ABand Scan Coin AB.Shares held: 2,000BSc Mech Eng and BSc Econ, theStockholm School of Economics.President and CEO of Investment ABLatour.Background: President of AB SigfridStenberg.Board member of Loomis AB andOxeon AB.Shares held: 1,000MSc Econ.Background: CFO and Executive VicePresident of Incentive, Area ManagerGambro Renal Products andExecutive Vice President Gambro,CEO and President of Gambro AB.Chairman of Aleris AB.Board member of Ferrosan A/S, PaloDEx Oy and Eucomed.Shares held: 6,800Installer.Employee representativeappointed by the SwedishTrade Union Confederation.Pia nordqvistTommy MorinKjell WibergBorn 1973.Member since 2004.Born 1951.Deputy member since 2005.Born 1958.Deputy member since 2005.IT Support.Employee representative appointedby the Swedish Union of Clerical andTechnical Employees in Industry.Electrical designer and electricalsafety officer.Employee representative appointedby the Swedish Union of Clerical andTechnical Employees in Industry.Plumber.Employee representativeappointed by the SwedishTrade Union Confederation.BOARD SECRETARY Peter Idsäter, Solicitor, born 1960. Partner Mannheimer Swartling Advokatbyrå AB.AUDITOR Auditing firm Ernst & Young AB. Auditor since 2004. Supervising auditor: Björn Fernström. Authorized Public Accountant. Born 1950.Information is as of 7 March 2007.68 M U N T E R S A N N U A L R E P O R T 2 0 0 6
Group ManagementLARS ENGSTRÖMBorn 1963.President and CEO.Employed since 2006.MSc Mech Eng, Institute ofTechnology Linköping University.Background: Various positions withinAtlas Copco in Sweden andAustralia, most recently as Presidentof Atlas Copco Underground RockExcavation Division.Shares held: 12,000Options: 25,000JONAS SAMUELSONBorn 1968.Chief Financial Offi cer,Executive Vice President.Employed since 2005.MSc Busin. Admin., GothenburgSchool of Economics and BusinessAdministration.Background: General Motors andSaab Automobile in Sweden andUS. Most recently ExecutiveDirector Vehicle Sales, Service &Marketing Finance, General MotorsNorth America.Shares held: 9,000Options: 10,000MIKE MCDONALDBorn 1947.President Dehumidifi cation Division,Group Vice President.Employed since 1995.BS Business Administration andEconomics, Drury College, SeniorExecutive Development Program,Northwestern University.Background: President of RedaPump Company.Shares held: 12,800Options: 10,000PER SEGERSTRÖMBorn 1956.President HumiCool Division,Group Vice President.Employed since 2003.MSc Mech Eng. The Royal Instituteof Technology, Stockholm.Background: Various positions withinABB in Sweden, Australia and Spain,most recently as Senior VicePresident within the Substationsbusiness area.Shares held: 3,000JOHAN SÖDERSTRÖMBorn 1962.President of MCS Division,Group Vice President.Employed since 2005.MSc Mech Eng. Institute ofTechnology, Linköping University.Background: Various positions withinABB, most recently as Senior VicePresident in Automation Productsand Low Voltage Products businessarea.Shares held: 10,550SÖREN SJÖSTRÖMBorn 1945.Group Vice President HumanResources and CorporateCommunications.Employed since 2000.BA Social Studies, StockholmUniversity.Background: Various positions withinScania in Sweden, Argentina andBrazil, most recently as Director ofHuman Resources.Shares held: 5,500Lennart Evrell resigned as Board member at the 2006 AnnualGeneral Meeting and as President and CEO on 31 May 2006.M U N T E R S A N N U A L R E P O R T 2 0 0 6 69
Page 1 and 2:
Annual Report 2006
Page 3 and 4:
The year in briefOrder intake incre
Page 5 and 6:
From everyday life to highsustainab
Page 7 and 8:
Focus on product development and gr
Page 9 and 10:
Munters develops a strategic plan f
Page 11 and 12:
Carl Munters’ first sketch of a r
Page 13 and 14:
PRODUCTS AND SERVICES CONTRIBUTING
Page 15 and 16:
and a bonus program aimed at upper
Page 17 and 18:
Many production processes require p
Page 19 and 20:
“In many instances, Munters has t
Page 21 and 22: Facts - Dehumidification Division
Page 23 and 24: For insurance companies and constru
Page 25 and 26: “The development of framework agr
Page 27 and 28: Facts - Moisture Control Services (
Page 29 and 30: In Mist Elimination, we develop eff
Page 31 and 32: “The increasingly stringent envir
Page 33 and 34: Facts - HumiCool Division“ Our en
Page 35 and 36: Transaction exposureTransaction exp
Page 37 and 38: DividendFor the 2006 fi scal year,
Page 39 and 40: Work of the Board of DirectorsGener
Page 41 and 42: for implementing the guidelines to
Page 43 and 44: Pro forma 2GEOGRAPHIC REGIONS 2006
Page 45 and 46: 2006 2005 2004GEOGRAPHIC REGIONS Q4
Page 47 and 48: Income statementGroupParent Company
Page 49 and 50: Balance sheetGroupParent CompanyAmo
Page 51 and 52: Statement of the Group’s recognis
Page 53 and 54: Average rateYear-end rateCurrency C
Page 55 and 56: Borrowing costsBorrowing costs are
Page 57 and 58: NOTE 4 CONT.Dehumidification MCS Hu
Page 59 and 60: NOTE 9 Cont.GroupDeferred tax asset
Page 61 and 62: NOTE 15 PARTIciPATIONS IN ASSOCIATE
Page 63 and 64: NOTe 18 cont.Parent CompanySharecap
Page 65 and 66: NOTe 20 cont.Reported pension costs
Page 67 and 68: NOTE 27 REMUNERATION TO THE BOARD A
Page 69 and 70: Proposed distribution of earningsFu
Page 71: GLOSSARYAbsolute humidityThe volume
Page 75: = Production facilities, sales and
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Annual Report 2006 - Munters

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