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 10 Solar Group subsidiaries. Member of the boards of directors of VELTEK and Associated Danish Ports A/S. Holds no BIMobject shares. Sold 10,360 BIMobject shares in 2018. Holds 4,480 Solar B shares. Purchased 2,000 Solar B shares in 2018. Holds 8,588 share options and 997 restricted share units. The restricted share units were granted in 2018. Exercised 2,601 share options in 2018.

CCO Hugo Dorph

Born in 1965, joined Solar in 2014. Member of the boards of directors of 5 Solar Group subsidiaries. Chairman of the board of directors of Flexya Innovations A/S and HomeBob 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 and 576 restricted share units. The restricted share units were granted in 2018.

CFO Michael Jeppesen

Born in 1966, joined Solar in 2000. Member of the boards of directors of all Solar Group subsidiaries. Member of the board of Aktieselskabet Sønder Omme Plantage. Holds 1,894 Solar B shares, of which 625 shares were acquired in 2019. Holds 7,079 share options and 484 restricted share units. The restricted share units were granted in 2018. Exercised 1,951 share options in 2018.

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 1970 Peter Pedersen

Senior Vice President, Commercial Market

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. M.Sc. 1980, PhD 1985. Remuneration 2018: DKK 725,000. Holds 118,520 Solar B shares. Sold 6,900 Solar A shares in 2019. Holds 38,000 BIMobject shares acquired in 2017.

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Vice chairman Jesper Dalsgaard

Born in 1968, joined the board in 2017. Managing Director, Rambøll Environment & Health, Rambøll Group A/S. Remuneration 2018: DKK 350,000. Holds 500 Solar B shares, of which 250 shares were acquired in 2019.

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Member Jens Peter Toft

Born in 1954, joined the board in 2009. CED of Selskabet af 11. december 2008 ApS and one subsidiary hereof. Remuneration 2018: DKK 462,500. Holds 1,250 Solar B shares. Did not trade Solar shares in 2018.

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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 2018: DKK 175,000. Holds 93 Solar B shares. Did not trade Solar shares in 2018.

Employee-elected board member Ulrik Damgaard

Born in 1973, joined the board in 2014. Regional Director. Remuneration 2018: DKK 175,000. Holds 60 Solar B shares. Did not trade Solar shares in 2018.

Employee-elected board member Bent H. Frisk

Born in 1961, joined the board in 2006. Central Warehouse Manager. Remuneration 2018: DKK 175,000. Holds 60 Solar B shares. Did not trade Solar shares in 2018.

Member Peter Bang

Born in 1969, joined the board in 2018. Group Director and CFO, VELUX. Remuneration 2018: DKK 218,750. Holds 400 Solar B shares acquired in 2018.

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Member Louise Knauer

Born in 1983, joined the board in 2017. BSc in business administration and commercial law, 2006, and MSc in finance and strategic management, 2008. Remuneration 2018: DKK 256,250. Holds 381 Solar B shares. Did not trade Solar shares in 2018.

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Member Morten Chrone

Born in 1966 and joined the board in 2019. Dep. Group CEO HusCompagniet. Morten Chrone has managed business units in Denmark, Sweden, Norway, Germany and England.

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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
Morten Chrone, Peter Bang, Louise Knauer 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 a 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.

Peter Bang, Louise Knauer and Jens Peter Toft are members of the Audit Committee. Jens Peter Toft chairs the Audit Committee and has special accounting qualifications.

Jens Peter Toft and Louise Knauer are members of the Remuneration Committee together with the Chairman of the Board of Directors Jens Borum. Jens Borum 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 from 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 are held each year. In 2018, we had seven board meetings and one conference for the Board of Directors.

Anniversary 1919-2019

Read about how a young, determined entrepreneur founded Solar a 100 years ago, and how it evolved into the digital sourcing and services company we know today.

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A sustainable approach Our take on CSR

In cooperation with SOS Children's Villages, we have donated and set up solar power plants to provide a brighter future for the kids.

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