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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. Member of management since 2012, joined Senior Leadership Team in 2019. Claire Paxman’s key responsibilities are leading on the development, implementation and management of global training and certification programmes. Installation, operational and technical training are a key responsibility along with management of global training, training protocols and platforms. The UK Home Healthcare Division of the business, Paxman At Home is also managed by Claire. Claire is instrumental in developing key partnerships with stakeholders and charities whilst identifying novel and strategic initiatives to drive global awareness.
Qualifications: Huddersfield Technical College
Shareholding: 0 shares
Number of warrants held: 7,272

 

Karin Buck – VP of US Operations
Employed since 2017, member of management since 2017 and joined Senior Leadership Team in 2019. One of the first US employees, Karin Buck brought exceptional experience in business, marketing, customer service and growing brands when joining the Company. Day to day duties include managing the growing US employees, building relationships with the Doctors, Nurses and all customers at hospitals and medical offices, making sure patients are well taken care of and increasing the awareness of scalp cooling.
Qualifications: Temple University, Journalism
Shareholding: 0
Number of warrants held: 0

 

Emma Thornhill, Head of Finance
Born 1985, employed since 2017, member of management since 2017 and joined Senior Leadership Team in 2019. Emma Thornhill’s key responsibilities include the managing the finance department, responsible for finance activities of all trading entities, preparing all financial reporting, budgeting, and planning. Emma is also responsible for all audit and compliance of the financial statements.
Qualifications: FCA Qualified Accountant, BA (Hons) Accounting
Shareholding: 950 shares
Number of warrants held: 1,818

 

Patrick Burke, Technical & Engineering Manager
Born 1959, employed since 2009. Member of management since 2015, joined Senior Leadership Team in 2019. Current responsibilities are Production, Service and Maintenance, Supply Chain and R&D Production, Service and Maintenance, Supply Chain and R&D including assisting with funding sources.
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

 

Alexandra Sheldrake Head of Quality & Regulatory Affairs (Management Representative PRRC)
Born 1985, employed since 2009. Member of management since 2016, joined Senior Leadership Team in 2019. Alexandra Sheldrake’s key responsibilities include compliance to global requirements including MDR and MDSAP. Alexandra ensures that the requirements of the quality management system and technical files have been effectively defined, documented, implemented and maintained. She is also responsible for all new and existing product registrations worldwide. Alexandra also manages PAXMAN 3rd party service company in the US.
Qualifications: Level 2 and 3, Business Administration
Shareholding: 0 shares
Number of warrants held: 2,242

 

Susy Brown, Head of Brand and Marketing
Born 1987, employed since 2018, joined Senior Leadership Team in 2019. Susy’s key responsibilities are providing and executing marketing strategy internationally, supporting marketing activities across Paxman’s distributor network, ensuring a consistent Paxman brand experience, developing and maintaining Paxman’s digital and social media presences and managing the marketing team.
Qualifications: Fashion BA Hons at Manchester Metropolitan University
Shareholding: 0 shares
Number of warrants held: 1,212

 

Stuart Rowling, Head of UK Sales & Training
Born 1982, employed since 2015. Member of management since 2018, joined Senior Leadership Team in 2019. His responsibilities include the management of UK Training Specialists and overseeing all UK sales. Wider duties include account management of all UK private health care providers and implementation of UK sales strategies.
Qualifications: NVQ2- Sport, Recreation and Allied Occupations- Sports Leadership Advanced BTEC National Diploma – Sport and Leisure Studies.
Shareholding: 367 shares
Number of warrants held: 2,424

 

Anna Parker, Head of International Sales
Born in 1983, employed since 2017, joined Senior Leadership Team in 2019. Anna’s focus is to continue the mobilisation of Paxman’s global network of distributors to improve the accessibility of scalp cooling. Anna manages the international team based in the UK as well as overseas staff deployed in India, Germany, Scandinavia and France.
Qualifications: International Business Management (MSc), English Studies (MA), Marketing Management (BSc)
Shareholding: 0 shares
Number of warrants held: 1,212

 

Liza Hirst, EA to CEO / Head of HR
Born 1974, employed since 1994, joined Senior Leadership Team in 2019
The key responsibilities include direct liaison with CEO on all business activities including contracting, logistics, travel, diary management and scheduling. The responsibilities also include close working relationships with Head of Finance and US of VP Operations. HR function including contract preparation, onboarding, liaison with HR/Employment Law consultants.
Qualifications: North of England Higher Secretarial College Diploma
Shareholding: 9,332 shares
Number of warrants held: 4,848

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, and Nomic Förvaltnings AB. Per-Anders Johansson is also a board member of TC TECH Sweden AB (publ).
Qualifications:  Mechanical engineer, specialized in process technology.
Shareholding: 100,000 shares privately, 1,263,992 shares through CIMON Venture Trust AB and 310,000 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: 6,257,395 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 senior advisor to the board of Klaria Pharma Holding AB (publ).
Qualifications: MSc of Engineering from Chalmers University of Technology
Shareholding: 756,076 shares
Dependence: Independent in relation to the company and its management as well as major shareholders.

 

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: 11,250 shares
Dependence: Independent in relation to the company and its management as well as major shareholders.

 

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  Director of Clinical Operations and Principal Project Manager i Karo Pharma AB, and Chief Scientific Officer i Smartfish AS. Maria Bech is currently a board member of Neuronano AB, Iconovo AB and EQL Pharma AB, and  Chief Executive Officer i EpiEndo Pharmaceuticals.
Qualifications: Master of Science in molecular biology
Shareholding: 8,700 shares
Dependence: Independent in relation to the company and its management as well as major shareholders.

 

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 fourth Annual General Meeting was held on 26 May 2021, at NetPort in Karlshamn. Almost 53% of all issued shares were represented. 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 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