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CORPORATE GOVERNANCE

Management

 

Richard Paxman, C.E.O.
Born 1983, employed since 2009. Richard Paxman has extensive experience in global market development including clinical trial design and regulatory approvals specifically related to scalp cooling. Richard Paxman has been active within the business since 2007, and has also held a management role for Brewfitt Ltd prior to his engagement in Paxman. Richard Paxman is a board member of Brewfitt Ltd and Paxman Coolers Ltd.
Qualifications: Management Science at University of Manchester, Institute of Science and Technology
Shareholding: 1,281,000 shares

 

Emelie Gustafsson, C.F.O.
Born 1980, employed since 1 March 2020. Emelie Gustafsson has been the C.F.O. of the entire CIMON Group since 2015, and is a Board member of a large number of companies within this Group.
Qualifications: University studies in business administration and tax law (University of Kristianstad)
Shareholding: 2,000 shares

 

Claire Paxman, Director of Sales & Training
Born 1978, employed since 2010. Claire Paxman’s key responsibilities include the management of sales & training teams/field staff including organisation of sales meetings, key account management of private hospitals and home health care business, training management of all overseas partners/distributors and international promotional activities.
Qualifications: Huddersfield Technical College
Shareholding: 0 shares
Number of warrants held: 7,272

 

Kathryn Daniel, Export & Communications Manager
Born 1975, employed since 2002. Kathryn Daniel’s key responsibilities include the co-ordination and management of international activities, support and liaison with international customers and distributor networks, management of PR and marketing activities including the liaison with external marketing agencies.
Qualifications: Greenhead College, and studies in corporate law at Huddersfield University
Shareholding: 3,554 shares
Number of warrants held: 4,848

 

Patrick Burke, Technical & Engineering Manager
Born 1959, employed since 2009. Patrick Burke was responsible for the international regulatory submission including all technical and quality-related matters for the FDA 510K Submission, for which clearance was obtained in April 2017. Patrick Burke’s key responsibilities also include the maintenance of the company’s ISO13485 quality system, the liaison with external bodies on quality assurance matters and the maintenance of, and adherence to, the QMS.
Qualifications: Ordinary National Electrical Engineering, Higher National in Electronics and Computing, B.Ed. Design and BSc (Hons) Applied Mathematics
Shareholding: 0 shares
Number of warrants held: 4,848

 

 

Maria Escreet, Key Account Manager
Born 1970, employed since 2006. As Key Account Manager, Maria Escreet is the project manager of “Walk the Walk” and NHS. She is also in charge of exhibition planning, co-ordination and implementation, and provides assistance to Export, Marketing and PR.
Qualifications: BA Secretarial Studies
Shareholding: 0 shares
Number of warrants held: 4,848

 

Alexandra Sheldrake, Regulatory Affairs and Operations
Born 1985, employed since 2009. Alexandra Sheldrake’s key responsibilities include, i.a., the co-ordination of servicing and claims, the customer help desk and technical support, UK sales orders and rental order processing. Alexandra Sheldrake is also responsible for internal audits and regulatory affairs.
Qualifications: Level 2 and 3, Business Administration
Shareholding: 0 shares
Number of warrants held: 2,242

Board of Directors

 

Per-Anders Johansson, Chairman of the Board since 1 December 2016
Born 1954. Active as an investor through CIMON Venture Trust AB. Per-Anders Johansson has extensive experience from technology- and development companies, as well as a thorough industrial experience from the Karlshamns Group, Nordico and Ellos where he held management positions. He is also the majority shareholder, Chairman and CEO of CIMON AB, and engaged in most of the subsidiaries of the CIMON Group. Other current assignments are, i.a., Chairman of the Board of Sparbanken i Karlshamn, Mina Gubbar i Stockholm Finansservice AB, CFS Medical AB, MediReduce AB, Svensk Avfallsrådgivning AB and Nomic Förvaltnings AB. Per-Anders Johansson is also a board member of Karo Pharma AB (publ), TC TECH Sweden AB (publ), CT Intressenter AB, Joesli Sweden Holding AB and Nomic Fastigheter AB.
Qualifications:  Mechanical engineer, specialized in process technology.
Shareholding: 100,000 shares privately, 1,094,501 shares through CIMON Venture Trust AB and 13,673 shares through NOMIC AB.
Dependence: Yes. Dependence in relation to CIMON Venture Trust AB, independent of company.

 

Glenn Paxman, Board member since 20 December 2016
Born 1956. Glenn Paxman has more than 40 years of experience of business management, business development, product design and the development of med-tech products. Glenn Paxman is both the founder and inventor of the Paxman Scalp Cooler. His key role within the business is to support the Board and Management with is valuable know-how and experience, and to be the key lead on product design and development.
Glenn Paxman is majority shareholder and chairman of the board of Webster Holdings Ltd (owner of Brewfitt Ltd). Glenn Paxman is also partner and board member of Under Control Ltd, and board member of Paxman Group Ltd and Paxman Coolers Ltd.
Qualifications: Mechanical engineer in process technology, specialized in manufacturing technology.
Shareholding: 6,538,645 shares
Dependence: Yes, in his capacity of major shareholder.

 

Björn Littorin, Board member since 1 December 2016
Born 1947. Björn Littorin has more than 40 years of experience as management consultant, C.E.O. and board member in a number of companies in the manufacturing as well as in the service industry. Björn Littorin has also 20 years of experience as Investment Manager and board member in technology- and development companies, mainly within med-tech and some of them listed companies. Björn Littorin has been a board member of Paxman Group Ltd and its subsidiary Paxman Coolers Ltd since 1999. Other current assignments are, board member and partner of  MedUniverse AB, Team Littorin AB, Bejef AB and MGiSF AB. Björn is also a member of the board of Pull-X Machines Inc, and chairman of the board of Klaria Pharma Holding AB (publ).
Qualifications: MSc of Engineering from Chalmers University of Technology
Shareholding: 1,035,076 shares
Dependence: No

 

Robert Kelly, Board member since 20 December 2016
Born 1961. Robert Kelly is an attorney specialized in corporate law, but is also an authorized public accountant. Robert Kelly has extensive experience from business management in both private and public companies such as Minorplanet Systems plc, Caudwell Group and Kunick plc. Up to 2016 Robert Kelly was a Managing Partner of Armitage Sykes Solicitors Ltd. He managed the sale of Armitage Sykes to Schofield Sweeney LLP, and is currently a partner of Schofield Sweeney LLP.
Qualifications: M.A. from Oxford University, Graduate Diploma in Law from Huddersfield University, Legal Practice Course from College of Law in York.
Shareholding: 0 shares
Dependence: No

 

Maria Bech, Board member since 20 December 2016
Born 1968. Maria Bech has extensive experience from a large number of companies within biotech and pharmaceuticals, having held positions such as Clinical Research Manager of Pharmacia & Upjohn, Clinical Project Manager of AstraZeneca and Director of Clinical Operations and Principal Project Manager of Karo Pharma AB. Maria Bech is currently a board member of Neuronano AB and EQL Pharma AB, and Chief Scientific Officer of Smartfish AB/AS.
Qualifications: Master of Science in molecular biology
Shareholding: 8,700 shares
Dependence: No

 

Richard Paxman, Board member since 10 February 2017, C.E.O. since 20 December 2016
Born 1983. Richard Paxman has extensive experience in global market development including clinical trial design and regulatory approvals specifically related to scalp cooling. Richard Paxman has been active within the business since 2007, and has also held a management role for Brewfitt Ltd prior to his engagement in Paxman. Richard Paxman is a board member of Brewfitt Ltd and Paxman Coolers Ltd.
Qualifications: Management Science at University of Manchester, Institute of Science and Technology
Shareholding: 1,281,000 shares
Dependence: Yes, dependent in relation to the company as a result of his position as CEO of Paxman AB

Nominating committee

 

For the 2020 AGM, the following members have been appointed to the Nominating Committee:

Jens Listerö, Committee Chairman representing Björn Littorin.
E-mail: jens.listero@lfblekinge.se
Tel: +46 705 – 195 819

 

Glenn Paxman, Board member and majority shareholder.
E-mail: GlennPaxman@brewfitt.com
Tel: +44 7768 795 809

 

Roger Johansson, representing CIMON Venture Trust AB.
E-mail: roger.johansson@sparbankenikarlshamn.se
Tel: +46 454 30 44 53

 

Shareholders may also contact the Nominating Committee by ordinary mail, sent to PAXMAN AB (publ), “Nominating Committee”, Pirgatan 13, SE-374 35 KARLSHAMN, Sweden.

The principles on which the appointment of the committee members is based, as well as the Charter for the committee’s work, are available here.

General meetings

 

PAXMAN’s third Annual General Meeting was held on 27 May 2020, at NetPort in Karlshamn. Around 18 shareholders attended the meeting, representing almost 64 % of all issued shares. At the Meeting, the Board was re-elected in its entirety. The Meeting also resolved to approve the Board’s proposal for the authorization for the board to decide on a directed issue of shares. The signed Minutes from the AGM are available here.
 
PAXMAN’s second Annual General Meeting was held on 23 May 2019, at NetPort in Karlshamn. Around 30 shareholders attended the meeting, representing 72 % of all issued shares. At the Meeting, the Board was re-elected in its entirety. The Meeting also resolved to approve the adoption of an employee option plan for employees in the subsidiary Paxman Coolers Ltd. The signed Minutes from the AGM are available here.
 
PAXMAN AB held its first AGM in Karlshamn, Sweden, on 24 May 2018. 32 persons attended the Meeting, which meant that 83 % of all issued shares in the company were represented at the Meeting. After the formal AGM, CEO Richard Paxman held a company presentation and responded to questions form the attending shareholders.
 
Minutes from the AGM can be downloaded here.

Auditors

 

Auditor for the Swedish parent company is the registered public accounting firm BDO Mälardalen AB, with Niclas Nordström as auditor in charge.

BDO Mälardalen AB
Turebergs allé 2
SE-191 62 Sollentuna
Tel +46 (0)8 – 120 116 00
www.bdo.se

Auditor for the UK subsidiaries is BDO LLP, with Paul Davies as auditor in charge.

BDO LLP
Central Square
29 Wellington Street
Leeds
LS1 4DL
United Kingdom
Tel +44 (0)113 – 244 3839
www.bdo.co.uk

Regulatory documents