Management
Management team
Martin Elovsson
CEO | Scandinavian Astor Group AB (publ)
Born: 1974
Experience: Martin Elovsson has a background in various executive positions at Volvo Construction Equipment, Kebni and as CEO for VEÅ AB as well as Scaffsense AB.
Education: M.Sc. in Mechanical Engineering from Chalmers University of Technology and a MBA in Business Administration from School of Business, Economics and Law at the University of Gothenburg.
Holdings in Astor Group: 100,000 shares.
Pål Jernhag
Interim CFO | Scandinavian Astor Group AB (publ)
Born: 1968
Experience: Pål Jernhag has extensive experience as a CFO and financial reporting expert, as well as an auditor. He works as a management consultant at ProXecutive Consultants and has been supporting Astor Group in matters related to finance, financial reporting and corporate governance since autumn 2025. Pål has held senior financial roles in several listed companies, including Ovzon and Hedera Group.
Education: BSc in Business Adminstration and Economics from Linköping University.
Holdings in Astor Group: –
Louise Åberg
COCO | Scandinavian Astor Group AB (publ)
Born: 1994
Experience: Louise has extensive experience in financial communication, corporate governance and change management in listed environments. Her previous roles include Lead Governance & Communication and Business Manager, where she successfully worked with strategic business development and internal and external communication.
Education: Louise has a Bachelors Degree in Peace and Conflict Studies and has also studied economics and organisational development at Lund University.
Holdings in Astor Group: 3,528 shares and 25,000 warrants as part of employee incentive programme 2024/2028.
Emelie Agnedal
CBDO | Scandinavian Astor Group AB (publ)
Born: 1983
Experience: Emelie has over 15 years of experience in the defence industry, spanning both supplier and government roles. Some of her previous positions were at MilDef, where she was responsible for business development strategy, partnerships, and M&A, and previously held senior sales and project leadership positions. Earlier in her career, she worked at the Swedish Defence Materiel Administration (FMV) in leading roles within naval command and control systems, weapon systems, and tactical data links.
Education: Emelie Agnedal holds a Master of Science in Engineering Physics from Uppsala University.
Holdings in Astor Group: 16,823 shares.
Gabor Nagy
Head of Business Area: Astor Protect and interim CEO of Airsafe Sweden | Scandinavian Astor Group AB (publ)
Born: 1964
Experience: Over 30 years of experience in the Swedish Armed Forces, where he concluded his career as Brigadier General and Head of the Total Defense Department at the Defense Staff. His career in the Armed Forces also includes serving as the Joint Forces Air Component Commander, Wing Commander at F17 in Ronneby, and roles at the Ranger Regiment in Arvidsjaur. In recent years, he has worked as a senior consultant in security, procurement, and management at Rote Consulting AB. Other assignments include board member at Nordic Shield Group.
Education: Extensive educational background in defense and leadership, including multiple executive and staff courses from the Swedish Defense University.
Holdings in Astor Group: 8,766 shares.
Subsidiary management
Fredrik Lindblom
CEO | Marstrom Composite
Born: 1984
Experience: CEO of Marstrom Composite AB, previously Deputy CEO between 2021-2022, held the role of Production Manager for 10 years.
Education: Undergrad as a fine carpenter with a focus on boats.
Holdings in Astor Group: 160,213 shares and 66,000 warrants as part of employee incentive programme 2024/2028.
Jörgen Lindqvist
CEO | Mikroponent
Born: 1966
Experience: Jörgen Lindqvist has been CEO of Mikroponent since 2003. He was previously CEO of Calator-Ruckh AB (Gmbh), a company active in textile machinery manufacturing on a global scale. Jörgen Lindqvist has also been Business Controller at Emballator-Group consisting of 9 companies in 5 different countries, where he was responsible for business development, M&A process and financial control.
Education: MSc BA, University of Borås
Holdings in Astor Group: 89,000 shares and 66,000 warrants as part of employee incentive programme 2024/2028.
Fredrik Bergman
CEO | Oscilion
Born: 1967
Experience: Brigadier General (ret.) and CEO of Oscilion companies. Fredrik Bergman is an experienced leader with a solid background in both the Swedish Air Force and the civilian industry. Brigadier Fredrik Bergman’s most recent assignment was as Head of Test & Evaluation at the Swedish Defence Materiel Administration, FMV. After 35 years of military service, he retired from the Swedish Armed Forces in August 2022. After his military service, Fredrik was Commercial Director at Savback Helicopters.
Education: Graduate of the Swedish Defence University’s Command and Control Programme and Master’s Degree in Military Operational Art and Science from Air University in the USA.
Holdings in Astor Group: 25,000 shares and 66,000 warrants as part of employee incentive programme 2024/2028.
John Åhlund
CEO | Scandiflash
Born: 1975
Experience: John Åhlund is the CEO of Scandiflash and has been in the company since 2020. Previous positions includes program manager and head of R&D at Scienta Omicron, a company active in surface science and nanotechnology.
Education: PhD Physics, Uppsala University.
Holdings in Astor Group: 18,200 shares and 66,000 warrants as part of employee incentive programme 2024/2028.
Kaspars Pollaks
CEO | Ammunity
Born: 1989
Experience: Kaspars Pollaks is the CEO of AMMUNITY and defence industry executive with nearly two decades of experience across military service, defence technology, and defence manufacturing. Prior to joining AMMUNITY, he held several executive positions within the Latvian defence industry, leading business growth, defence innovation, capability development, and international cooperation.
Education: MiniMBA, Riga Business School, MSc, Riga Technical University, Bachelor’s Degree in Military Leadership, National Defence Academy of Latvia, military executive and staff courses in Europe and the United States.
Holdings in Astor Group: 0 shares.
Board of directors
Mats R Karlsson
Chairman of the board
Born: 1958
Elected: Annual General Meeting 2025, re-elected at Annual General Meeting 2026
Experience: Mats R Karlsson is a graduate engineer in industrial economics and a business leader with extensive experience in entrepreneurship, company building and M&A. He has held senior positions at companies including Axel Johnson International, Munters and AxFlow. Mats is currently a board member of VBG Group, which is listed on Nasdaq OMX, Fergas Group and chairman of the board of Construction Equipment Group. Mats has practical experience of scaling up successful companies and has served on boards in some 20 countries. Currently, he works as an industrial advisor paired with board assignments in both listed and unlisted companies.
Education: Graduate engineer in industrial economics
Holdings in Astor Group: 22,246 shares.
Independent of the company and its management; independent of the company’s major shareholders.
Ola Alfredsson
Board member
Born: 1964
Elected: Extra General Meeting 2023, re-elected at Annual General Meeting 2024, 2025 and 2026
Experience: Ola Alfredsson has experience as VP Strategic Projects and Business Development Manager at MilDef Group AB, Sales Manager and CEO at Kockums AB and as Embassy Counsellor at the Swedish Embassy in Washington DC, USA.
Education: Systems engineering training at the Swedish Naval Officers’ Training College.
Holdings in Astor Group: 37,878 shares.
Independent of the company and its management, independent of the company’s major shareholders.
Helene Mörtberg
Board member
Born: 1978
Elected: Annual General Meeting 2026
Experience: Helene has over 20 years’ international experience in asset management, investment, risk and corporate governance. She is currently CEO of CoFounded Capital AB and Mirai Hub AB. Previously, she was Co-CEO of Mayfair Family Office and held senior roles at DWS and Eastspring Investments in Europe and Asia. Helene has extensive experience in strategic capital allocation, governance and scaling operations in international environments.
Education: Master of Science in Engineering from KTH in Engineering Physics and Financial Mathematics.
Holdings in Astor Group: 0 shares.
Independent of the company and its management; independent of the company’s major shareholders.
Lars Carlson
Board member
Born: 1959
Elected: Annual General Meeting 2025, re-elected at Annual General Meeting 2026
Experience: Lars Carlson holds a degree in economics and has a background as CFO for over 35 years. During his time at AxFlow and Atle Industri, he ran both the CFO and M&A work very successfully.
Education: Degree in Economics.
Holdings in Astor Group: 10,800 shares.
Independent of the company and its management; independent of the company’s major shareholders.
Wictor Billström
Board member
Born: 1982
Elected: Extra General Meeting 2026, re-elected at Annual General Meeting 2026
Education: Master’s degree in business administration and economics from Stockholm University and a certificate in investment management from CFA UK.
Experience:
Wictor Billström has more than 15 years of experience in finance, insurance and accounting in various roles at If Skadeförsäkring, Euler Hermes, SEB and Altris. Wictor was a member of the Board of Directors of Astor Group in 2022-2023 and subsequently CFO from November 2023 to February 2026. Wictor is also CFO and board member of Lea Cares AB and board member of Upgrade Invest Nordic AB (publ), Upgrade Invest Nordic 2 AB (publ), Gotmic AB and Thulcandra Capital AB. He has also been a board member of Astor Group’s subsidiaries during his time as CFO.
Holdings in Astor Group: 924,650 shares* (of which 846,083 are owned through insurance and 69,999 have been lent within the framework of the Company’s parallel listing on Boerse Stuttgart).
*Change of ownership pending approval by the ISP – see press release dated March 16, 2026.
Dependent of the company and its management; independent of the company’s major shareholders.
