Solar’s governance system consists of two tiers. The Board of Directors is tier one and the Executive Board is tier two. Together they are our administrative, management and supervisory bodies.
The Board of Directors comprises six members elected by the Annual General Meeting and three members elected by the employees. The nine members of the Board of Directors are the non-executive members of the administrative, management and supervisory bodies. All board members elected at the Annual General Meeting stand for election each year, whereas employee representatives are elected by the company’s employees for four-year terms.
The Executive Board comprises the CEO and CFO, who are the two executive members of the administrative, management and supervisory bodies.
The relevant experience of the nine members of the Board of Directors is described further down below
For more information, see our latest annual report.
Executive Board
Jens E. Andersen
CEO
Born in 1968. Joined Solar in 1998.
Experience
Graduate Diploma in Business Administration (Financial and Management Accounting), MBA.
Experience as CEO in International and Danish companies together with experience within strategy, leadership, and transformation of organisations. In-depth knowledge of the European Wholesale industry.
Board duties
Chair of the boards of directors of 7 Solar Group subsidiaries.
Member of the boards of directors of VELTEK, DI Byggeri, and HF Christiansen Holding A/S and two subsidiaries hereof.
Shares
Holds 10,664 Solar B shares. Did not trade Solar shares in 2024.
Holds 6,654 restricted share units and 9,937 performance share units. 9,937 performance share units were granted in 2024. 285 restricted share units were granted and 4,795 were settled in 2024.
Michael H. Jeppesen
CFO
Born in 1966. Joined Solar in 2000.
Experience
Master of science in Business Economics and Auditing (1990), State Authorised Public Accountant, E-MBA, certified sustainability accountant.
Experience within strategy, financing, digitalization, mergers & acquisitions, and investor relations together with in-depth knowledge on reporting (IFRS/CSRD) for listed companies.
Board duties
Member of the boards of directors of all Solar Group subsidiaries.
Member of the boards of directors of Aktieselskabet Sønder Omme Plantage.
Shares
Holds 4,080 Solar B shares. Did not trade Solar shares in 2024.
Holds 3,720 restricted share units and 5,639 performance share units. 5,639 performance share units were granted in 2024. 159 restricted share units were granted and 2,398 were settled in 2024.
Group Management
Board of Directors
Overall, 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 supply chain, sourcing and services
- Knowledge and experience of digitalisation
- Knowledge and experience of sustainability and green transition
- Economic and financial knowledge
- Experience of acquisitions and divestments
- Experience of strategic and business development
Our Board of Directors consists of six members elected by the Annual Meeting and three members elected by the employees.
Chair
Michael Troensegaard Andersen
Born in 1961, joined the board in 2021. Remuneration 2024: DKK 855,000. Holds 2,174 Solar B shares of which 1,400 shares were acquired in 2024.
More info
Vice Chair
Jesper Dalsgaard Jensen
Born in 1968, joined the board in 2017. CEO, Combineering Group A/S. Remuneration 2024: DKK 450,000. Holds 1,550 Solar B shares. Did not trade Solar shares in 2024.
More info
Member
Peter Bang
Born in 1969, joined the board in 2018. CFO, Salling Group. Remuneration 2024: DKK 495,000. Holds 1,200 Solar B shares. Did not trade Solar shares in 2024.
More info
Member
Katrine Borum
Born in 1981, joined the board in 2022. Chief Physician and Head of Education at Nordsjællands Hospital. Remuneration 2024: DKK 350,000. Holds 42,723 Solar B shares. Did not trade Solar shares in 2024.
More info
Member
Morten Chrone
Born in 1966 and joined the board in 2019. Group CEO, Unisport Saltex Oy. Remuneration 2024: DKK 380,000. Holds 712 Solar B shares. Did not trade Solar shares in 2024.
More info
Employee-elected member
Denise Goldby
Born in 1987, joined the board in 2022. Head of Sustainability, Solar Danmark. Remuneration 2024: DKK 335,000. Holds 25 Solar B shares. Did not trade Solar shares in 2024.
Member
Louise Knauer
Born in 1983, joined the board in 2017. CED of Lady Invest ApS and It’s a club ApS. Remuneration 2024: DKK 417,500. Holds 381 Solar B shares. Did not trade Solar shares in 2024.
More info
