Annual Report 2008 - Securitas

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134 Corporate Governance Group Management Santiago Galaz Alf Göransson Olof Bengtsson william Barthelemy Gisela Lindstrand Lucien Meeus Santiago Galaz b. 1959 Divisional President, Security Services North America Shares in Securitas: 58,000 Series B-shares. Santiago Galaz has been in the security business for over twenty years. He joined Securitas in 1995 as the Managing Director of Security Services Spain after twelve years at the Eulen Group, one of the largest services groups in Spain. In 1997 he was appointed the Spanish country Manager for Security Services, Systems and cash Handling Services and later became Divisional President of cash Handling Services Europe. Santiago was appointed Divisional President of Security Services North America in March 2003. Alf Göransson b. 1957 President and Chief Executive Officer of Securitas AB Shares in Securitas: 30,000 Series B-shares. Alf Göransson’s was the President and cEO of Ncc AB, 2001–2007, cEO of Svedala Industri AB, 2000–2001, Business Area Manager at cardo rail, 1998–2000, and President of the contracting company Swedish rail Systems AB in the Scancem Group, 1993–1998. Alf holds an international BSc in Economics and Business Administration from the School of Busi- ness, Economics and Law, Göteborg university. Other assignments: Board member of Loomis AB, Hexpol AB and Axel Johnson Inc., USA. Olof Bengtsson b. 1961 Senior vice President corporate Finance Shares in Securitas: 26,756 Series B-shares. Olof Bengtsson is responsible for the corporate Finance, Treasury and risk/Insurance functions on Group level. He joined Securitas in 1993 as Group Treasurer and has been responsible for the corporate Finance function since 1999. He has held positions in treasury and corporate finance in the Atlas copco Group between 1985–1987 and in the STOrA Group between 1988–1993. Olof has a B.Sc. in Finance and Business Admin- istration from the Stockholm School of Economics, where he finished his studies in 1985. Securitas Annual report 2008 William Barthelemy b. 1954 Chief Operating Officer, Security Services North America Shares in Securitas: 17,000 Series B-shares. william Barthelemy brings over 30 years of industry experience to the organization. With a Criminology Degree from Indiana University of Penn- sylvania, Bill began his career as an Investigator, moving to the Security Division after two years. He has worked in many field capacities, including Scheduling, Operations Manager, Branch Manager, regional Operations Director and region President. Bill is an active member of the American Society of Industrial Security, as well as the National Association of chiefs of Police. Gisela Lindstrand b. 1962 Senior vice President Corporate Communications and Public Affairs Shares in Securitas: 1,000 Series B-shares. Gisela Lindstrand, with a degree in Political science from Uppsala University, Sweden, is experienced in Corporate Communications and Public Affairs from different industries. She came to Securitas AB in April 2007 from the pharmaceutical company Pfizer AB, where she was the Government Affairs Director 2004–2007. Previously, 2001–2004, she was Press relations Manager at the construction company Ncc AB, and during 1996–2001 Information Director at the housing association SABO AB. Gisela was Press relations Manager and Political Advisor to the former Swedish Prime Min- ister Ingvar carlsson 1989–1996. Before then, she worked as a journalist. Lucien Meeus b. 1947 Divisional President, Monitoring Shares in Securitas: 5,500 Series B-shares. Lucien Meeus worked in the Telecom and Pipeline industry, as e.g. Plant Manager, commercial Director and Division Manager for raychem corpora- tion (now Tyco) and TD williamson. His areas of responsibilities covered Europe, North America, the Middle East and North Africa. In 1997 Lucien joined the security industry and started, on assignment of the leading Belgian Telecom Operator, a new company: Belgacom Alert Services. Lucien led this company, specializing in the alarm monitoring, into a JV operation with Securitas Direct in 2002, and into becoming a wholly owned subsidiary of Securitas AB in January 2005. Lucien graduated as a Technical Engineer in Mechelen, Belgium, in 1970 and completed his education with a Post Graduate Business Administration at UFSIA, Antwerp, Belgium and a Post Graduate of the Partnerships Program at IMD, Lausanne, Switzerland.
Bart Adam Bart Adam b. 1965 Divisional President, Security Services Europe Shares in Securitas: 4,500 Series B-shares. Bart Adam brings over 15 years of security industry experience to Securitas. He joined the Group of Securis in Belgium (AviaPartner) in 1988 as a financial controller and since then he has worked in different financial and operational functions. He was appointed Branch Manager in 1993 and Area manager in 1995. After Securitas acquired Securis in 1999, Bart became in 2000 the Financial Manager for Securitas in Belgium. Two years later, in 2002 he was appointed Divisional controller for Security Services Europe. Bart was appointed Chief Operating Officer for Security Services Europe in 2007. He became Divisional President in 2008. Earlier he worked at an insurance company, Pricewaterhousecoopers and Avia- Partner. Bart holds a commercial Engineering degree from the University of Leuven, Belgium. Bengt Gustafson b. 1949 Senior vice President chief Legal counsel Shares in Securitas: 0 Bengt Gustafson’s previous experience includes posts as Chief Legal Officer of Metso Minerals and chief Legal counsel of Svedala Industri AB. He has also worked as chief Legal counsel in France. In addition to his Swedish law degree Bengt Gustafson has earned a Masters of Law degree from University of California, Berkeley, USA. Other assignments: Bengt was the President of European company Lawyers Association, which is based in Brussels, 2004–2007. Jan Lindström b. 1966 Senior vice President Finance Shares in Securitas: 2,500 Series B-shares. Jan Lindström joined Securitas in 1999 as controller for the Group’s treasury in Dublin. In 2003 he was appointed to head the Group’s reporting function at the head office in Stockholm. Jan holds a B.Sc. in Economics and Business Administration from Uppsala University in Sweden and previously he worked as an Authorized Public Accountant in Pricewater- housecoopers between 1991 and 1999. Bengt Gustafson Jan Lindström Morten rønning Erik-Jan Jansen Morten Rønning b. 1960 Divisional President, Mobile Shares in Securitas: 152,337 Series B-shares. Morten rønning has been with Securitas for over 20 years and joined the company in 1985 as a supervisor for Security Services in Stavanger, Norway after five years in the Military Police. In 1990 he was appointed Area Manager for the Southwest region in Norway and later became the Managing Director for Securitas AS in Norway. In 2004, Morten became the vice President of Security Services Europe after having worked as the Managing Director for Security Services United Kingdom/Ireland for two years. Erik-Jan Jansen b. 1965 Chief Operating Officer, Security Services Europe Shares in Securitas: 0 Erik-Jan Jansen joined Securitas in 1996 and has held several management positions in Securitas, previously country President of Securitas Services Netherlands. In 2008 he was appointed Chief Operating Officer, Security Services Europe. Erik-Jan holds a Bachelor degree in Business Adminis- tration from the Hotel Management School in Maastricht. Earlier he held several international assignments in the hotel industry. Corporate Governance Group Management Securitas Annual report 2008 135
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Annual Report 2008
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Securitas in short Sales by busines
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” Business relationships are loca
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during the second half of the year.
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The cornerstones of our strategy Hi
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The Business model for Specialized
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Industry/Manufacturing - Case #1 pa
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Our Security officer Andy Price per
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Estuardo Turcios, one of Securitas
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Euclides Vieira, a mobile services
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Our security officer Marc Jessen he
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Security Services North America pro
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Events and key figures for 2008 ·
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Leading the Specialization in Europ
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Events and key figures for 2008 Acq
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Events and key figures for 2008 Acq
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Growing in New Markets A cornerston
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services. Asia is the third-largest
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Securitas’ monitoring services ar
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work with independent and strong lo
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Volume-related factors The first tw
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Business Risk Evaluation Model Secu
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A Securitas risk management case to
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an environmental impact from a life
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Turnover The turnover of Securitas
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DATA PER SHARE SEK/share 2008 2007
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Taxes, net income and earnings per
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Acquisitions have increased acquisi
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GRB Security, United Kingdom Securi
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Germany - U.S. Army Securitas Germa
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Items affecting comparability For t
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Proposed allocation of earnings The
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Securitas’ financial model - cons
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Note 1 General corporate informatio
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IFRS 8 Operating segments The Group
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Joint ventures (IAS 31) The proport
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Items affecting comparability This
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Employee benefits (IAS 19) The Grou
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Free cash flow in relation to net d
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After the services had been substan
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Interest rate fixing It is the poli
Page 87 and 88: AccOUNTS rEcEIvABLE AND AGEING ANAL
Page 89 and 90: are transferred from the individual
Page 91 and 92: Shareholdings The Board of Director
Page 93 and 94: JANUAry - DEcEMBEr 2007 MSEK Income
Page 95 and 96: AUDIT FEES AND rEIMBUrSEMENTS MSEK
Page 97 and 98: DEFERRED TAx ASSETS WERE ATTRIBUTAB
Page 99 and 100: Acquisitions GRB Security, United K
Page 101 and 102: Purzeczko, Poland Securitas has acq
Page 103 and 104: Impairment testing For the purpose
Page 105 and 106: Note 20. Tangible non-current asset
Page 107 and 108: Note 29. Changes in shareholders’
Page 109 and 110: Note 32. Provisions for pensions an
Page 111 and 112: MAIN AcTUArIAL ASSUMPTIONS 2008 200
Page 113 and 114: Globe and other Securitas companies
Page 115 and 116: Annual report Parent Company financ
Page 117 and 118: Balance sheet MSEK Note 2008 2007 2
Page 119 and 120: Note 40. Accounting principles The
Page 121 and 122: Note 44. Personnel AvErAGE NUMBEr O
Page 123 and 124: cHANGE ANALySIS OF SHArES IN SUBSID
Page 125 and 126: To the annual meeting of the shareh
Page 127 and 128: Significant Shareholders The princi
Page 129 and 130: The Work of the Board of Directors
Page 131 and 132: Insider Policy and Records The Boar
Page 133 and 134: 3. Financial Reporting controllers
Page 135 and 136: E. Management Assurance - Function
Page 137: Sofia Schörling Högberg b. 1978 D
Page 141 and 142: MSEK 2004 2005 2006 2007 2008 CAPIT
Page 143 and 144: Statement of income 2007 MSEK q1 20
Page 146: Securitas AB Box 12307 SE-102 28 St
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