The Board

The board annually establishes a written set of rules that regulates the board’s work, decision-making process within the board, and the board’s meeting procedures. The board has also issued instructions for the CEO.

The board is responsible for the company’s organization and management, and it continuously monitors the effectiveness of the Group’s governance and control structure. This is done through the information provided by the Group management. At each board meeting, the Group’s financial situation and financial position, along with the strategies that follow from these, are reviewed. A corresponding follow-up is conducted by Group management. The company’s auditor annually reports their observations from the audit and provides their assessment of the company’s internal control. Furthermore, the board has adopted several policies, such as the Code of Conduct and Financial Policy.

Magnus Jonsson (b. 1956)Chairman

Magnus has an MSc from Chalmers in Gothenburg. Magnus has an extensive experience from SAAB and Volvo with focus on product development, design and engineering. He was SVP Product Development at Volvo Cars. Magnus has broad operational and strategic experience working in complex and global business models with large technology content. Magnus is currently Chairman at PowerCell. Furthermore Magnus is boardmember of SmartEye AB and Insplorion AB.

Independent in relation to larger shareholders
Independent in relation to the company

Member of the board since 2021

A-shares: –
B-shares: 8 000
Warrants 2022/2025: 20 000

Madeleine Schilliger Kildal (b. 1987)Board member

Representing the majority owner Kildal Antenn AB.

Madeleine Schilliger Kildal has a M.Sc. degree in engineering physics from Lunds University in 2013 and a Ph.D. degree from the Antenna-systems group at Chalmers University of Technology in 2020. Her thesis covered over-the-air characterization of antenna systems and wireless devices. Currently she is working as a System and application engineer at RanLOS AB.

Dependent in relation to larger shareholders
Dependent in relation to the company

Member of the board since 2021

Madeleine Schilliger Kildal owns through companies 5% of Kildal Antenn AB’s shares in Gapwaves AB

A-shares: –
B-shares: 25 200

Ulrika Molander (b. 1966)Board member

Ulrika has an B.Sc in Textile Engineering from Borås University and is an experienced leader with well-documented experience in industry, technology, and product development through several leading positions at among others GreenIron H2 AB, Systemair AB, BDX Företagen AB, Sapa Profiler AB, and Strömma Textil AB. Ulrika Molander is currently a director of Good Solutions AB, a SaaS company specialising in improving efficiency and sustainability in manufacturing companies, and has previously been a director of Nilar International AB.

Independent in relation to larger shareholders
Independent in relation to the company

Member of the board since 2024

A-shares: –
B-shares: 2 000

Viktor FritzénBoard member

Viktor Fritzén has a Master of Science within finance from Stockholm School of Economics, Sweden. He has previous experience as Global Investment Researcher Analyst at Goldman Sachs in London, UK, and Corporate Finance Analyst at GP Bullhound in Stockholm, and was CFO at Leo Vegas Group during a period of rapid growth. Viktor also has experience as director in listed as well as non-listed companies and has previously, among other, been chairman of the Board of Directors of Appjobs Sweden AB, and director of Avanza Bank Holding AB (publ) and Readly International AB (publ). Viktor is chairman of the Board of Directors of StickerApp Holding AB and a director of Cithara HoldCo AB (Strandberg Guitars) and Safello Group AB.

Independent in relation to larger shareholders
Independent in relation to the company

Member of the board since 2025

A-shares: –
B-shares: –

Martin KornackerBoard member

Representing the minority owner HELLA GmbH & Co. KGaA.

Martin Kornacker has a master’s degree in mechanical engineering and management from Karlsruhe Institute of Technology, Germany. He started his career as a consultant at one of the leading European consultancies for the financial service industry. Since 2018, Martin has had various roles in different product areas within Hella Electronics and in 2021 he took over the lead for the global program management of the pre-development activities at Hella Electronics. Since 2024, Martin is responsible for strategic projects and M&A activities at Hella Electronics.

Dependent in relation to larger shareholders
Dependent in relation to the company

Member of the board since 2025

A-shares: –
B-shares: –