Management and Board of Directors

Solar Group Management is made up of the Executive Board, our Senior Vice Presidents and the Managing Directors of the group subsidiaries. Furthermore, we have a Board of Directors that is made up of nine members. You can see them all here below.

Executive Board

CEO Jens Andersen

Born in 1968, joined Solar in 1998. Chairman of the boards of directors of all Solar Group subsidiaries. MD Solar Danmark. Member of the board of directors of VELTEK, the Confederation of Danish Industry - Trade, Associated Danish Ports A/S and Solar Polaris A/S. Holds 10,360 BIMobject shares acquired in 2017. Holds 4,480 Solar B shares, of which 2,000 were acquired in 2018. Holds 11,189 share options, 2,709 of these were granted in 2017. Exercised 6,113 share options in 2017.

CCO Hugo Dorph

Born in 1965, joined Solar in 2014. Chairman of the board of directors of Flexya Innovations A/S. Member of the boards of directors of Flexya A/S, Viva Labs AS and Geniebelt A/S. Holds no Solar shares. Holds 11,597 share options, 2,703 of these granted in 2017.

CFO Michael Jeppesen

Born in 1966, joined Solar in 2000. Member of the boards of directors of all Solar Group subsidiaries. Holds 1,269 Solar B shares. Has not traded Solar shares in 2017. Holds 9,030 share options, 2,186 of these were granted in 2017.

Group Management

Born 1971 Marco de Bos

Senior Vice President & MD Benelux

born 1961 Jan Willy Fjellvær

Senior Vice President & MD Norway

Born 1961 Lars Goth

Senior Vice President, Supply Chain

Born 1969 Anders Koppel

Senior Vice President & MD Sweden

Born 1971 Ole Sørensen

Senior Vice President, Industry Sales

Born 1969 Dariusz Targosz

Senior Vice President & MD Poland

Born 1966 Bauke Zeinstra

Senior Vice President & MD MAG45

Board of Directors

Our Board of Directors is made up of six members elected by the Annual Meeting and three employee-elected members

Chairman Jens Borum

Born in 1953, joined the board in 1982. Associate professor, University of Copenhagen. Remuneration 2017: DKK 781,750. Holds 6,900 Solar A shares and 118,520 Solar B shares. Has not traded Solar shares in 2017. Holds 38,000 BIMobject shares acquired in 2017.

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Vice chairman Ulf Gundemark

Born in 1951, joined the board in 2014. Remuneration 2017: DKK 359,375. Holds 1,500 Solar B shares. Has not traded Solar shares in 2017.

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Peter Bang

Born in 1969, joined the board in 2018. Holds 400 Solar B shares acquired in 2018.

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Jens Peter Toft

Born in 1954, joined the board in 2009. Remuneration 2017: DKK 456,250. Holds 1,250 Solar B shares. Has not traded Solar shares in 2017.

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Sophie Louise Knauer

Born in 1983, joined the board in 2017. Remuneration 2017: DKK 218,750. Holds 381 Solar B shares acquired in 2017.

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Jesper Dalsgaard

Born in 1968, joined the board in 2017. Remuneration 2017: DKK 275,000. Holds 250 Solar B shares acquired in 2017.

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Employee-elected board member Lars Lange Andersen

Born in 1968, joined the board in 2010. Head of F&B Scandinavia. Remuneration 2017: DKK 175,000. Holds 93 Solar B shares. Has not traded Solar shares in 2017. Holds 0 BIMobject shares but has traded 400 BIMobject shares in 2017.

Employee-elected board member Bent H. Frisk

Born in 1961, joined the board in 2006. Central Warehouse Manager. Remuneration 2017: DKK 175,000. Holds 60 Solar B shares. Has not traded Solar shares in 2017.

Employee-elected board member Ulrik Damgaard

Born in 1973, joined the board in 2014. Regional Manager. Remuneration 2017: DKK 175,000. Holds 60 Solar B shares. Has not traded Solar shares in 2017.

About the Board of Directors

Jointly, the Board of Directors and the Executive Board, comprised of our CEO, CCO and CFO, are responsible for the overall and strategic management of the Solar Group.

 

On the whole, the Board of Directors must comprise the following expertise to enable it to perform its management duties:

- Experience of board of directors' work
- Top-level management experience
- International experience
- Knowledge of the circumstances of listed companies 
- Knowledge of sourcing and services
- Economic and financial knowledge
- Experience of acquisitions and divestments
- Experience of business development
- Knowledge and experience of digitalisation and supply chain

 

Board of Directors' affiliation with Solar

Ulf Gundemark, Louise Knauer, Peter Bang and Jens Peter Toft are independent of the company pursuant to the definition in the recommendations on corporate governance in Denmark. Jens Borum has been member of the Board of Directors for more than 12 years. Jesper Dalsgaard is affiliated with the Fund of 20th December, which is the majority shareholder in Solar A/S.

Jesper Dalsgaard and Jens Peter Toft are members of the Audit Committee together with Chairman of the Board of Directors Jens Borum. Jens Peter Toft chairs the Audit Committee and has special accounting qualifications.

Jens Peter Toft and Ulf Gundemark are members of the Remuneration Committee together with Chairman of the Board of Directors Jens Borum. Ulf Gundemark chairs the Remuneration committee.

 

Election of employee representatives

The most recent ordinary election of employee representatives took place electronically on 22 February - 1 March 2018. The participation rate in the election was 70.9%. Under the law, employee representatives have the same rights, duties and responsibilities as the other members of the board. Under Danish law, employees have the right to elect a number of representatives and alternates, corresponding to half of the representatives elected by the annual general meeting at the time of calling the election of employee representatives.

 

Election period

All board members elected at the annual general meeting are up for election each year, whereas employee representatives are elected by and among the company’s employees for four-year terms.

 

Activities

A minimum of six ordinary board meetings as well as one conference for the Board of Directors will be held each year. In 2017, we had nine board meetings and one conference for the Board of Directors.