Scandinavian Tobacco Group has a two-tier management structure consisting of the Board of Directors and the Executive Management. The two governing bodies are independent of one another and have no overlapping members. The Board of Directors is responsible for the overall strategic direction of the Group and supervises the company’s activities, management and organisation. The Board of Directors appoints the Executive Management, which is responsible for the day-to-day management of the Group.

BOARD OF DIRECTORS
The Board of Directors currently consists of ten members, seven elected by the general meeting and three elected by the employees. Board members elected by the general meeting are elected every year. Members elected by the employees are elected for a four-year term, and the next election of employees will take place in 2023.

For the full list of the members of the Board of Directors click here.

The work of the Board of Directors is organised according to an annual plan, and in 2018 the Board conducted six meetings as well as a full-day strategy seminar. The Executive Management attends the meetings of the Board of Directors and when relevant also members of the Executive Board are invited to those meetings. During the second half of the year, the Board of Directors carried out an evaluation of the performance of the Board of Directors and its collaboration with the Executive Management. The evaluation process was carried out as a combination of a survey and interviews conducted by the Chairman. The evaluation did not identify a need for any significant changes to the way the Board works.


EXECUTIVE MANAGEMENT

The Board of Directors appoints the CEO and other members of the Executive Management. The Executive Management prepares for the Board of Director’s approval and implements the Group’s overall strategy. The Executive Management is responsible for the day-to-day management of the business.

The Executive Management, i.e. the formally registered management of the company, consists of the CEO and the CFO. The day-to-day operation of the company is managed by a wider group, namely the Executive Board. The Executive Board was expanded in October 2018 as a consequence of the transformational program Fuelling the Growth.

For the full list of the members of the Executive Board click here.