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 as well as HF Christiansen Holding A/S and two subsidiaries hereof. Holds 5,520 Solar B shares of which 1,040 were purchased in 2020. Holds 5,621 share options and 2,410 restricted share units. 1,413 restricted share units were granted in 2019. 2,967 share options expired in 2019.

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 LetsBuild Holding SA. Holds no Solar shares. Holds 5,631 share options and 1,397 restricted share units. 819 restricted share units were granted in 2018. 5,966 share options expired in 2019.

CFO Michael Jeppesen

Born in 1966, joined Solar in 2000. Member of the boards of directors of all Solar Group subsidiaries. Member of the boards of directors of Aktieselskabet Sønder Omme Plantage. Holds 1,894 Solar B shares of which 625 shares were acquired in 2019. Holds 4,618 share options and 1,165 restricted share units. 683 restricted share units were granted in 2019. 2,461 share options expired in 2019.

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, Group Operations

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 2019: DKK 675,000. Holds 118,520 Solar B shares. Sold 6,900 A shares to the Fund of 20th December in 2019. Holds 38,000 BIMobject shares.

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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 2019: DKK 378,125. Holds 1,100 Solar B shares of which 600 were purchased in 2020.

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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 2019: DKK 456,250. Holds 1,250 Solar B shares. Did not trade Solar shares in 2019.

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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 2019: DKK 175,000. Holds 93 Solar B shares. Did not trade Solar shares in 2019.

Employee-elected board member Ulrik Damgaard

Born in 1973, joined the board in 2014. Regional Director. Remuneration 2019: DKK 175,000. Holds 60 Solar B shares. Did not trade Solar shares in 2019.

Employee-elected board member Bent H. Frisk

Born in 1961, joined the board in 2006. Central Warehouse Manager. Remuneration 2019: DKK 175,000. Holds 60 Solar B shares. Did not trade Solar shares in 2019.

Member Peter Bang

Born in 1969, joined the board in 2018. Executive Director & CFO, VELUX. Remuneration 2019: DKK 343,750. Holds 1,200 Solar B shares of which 800 were purchased in 2020.

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Member Louise Knauer

Born in 1983, joined the board in 2017. CED of Lady Invest ApS. Remuneration 2019: DKK 356,250. Holds 381 Solar B shares. Did not trade Solar shares in 2019.

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Member Morten Chrone

Born in 1966 and joined the board in 2019. Group COO HusCompagniet A/S. Remuneration 2019: DKK 218,750. Holds 712 Solar B shares of which 302 were purchased in 2020.

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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
Peter Bang, Morten Chrone, 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 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.

In 2019, the Board of Directors elected Jens Peter Toft, Peter Bang and Louise Knauer as members of the Audit Committee. Peter Bang and Louise Knauer replaced Jens Borum and Jesper Dalsgaard. Jens Peter Toft chairs the Audit Committee. He and Peter Bang have special accounting qualifications.

The Board of Directors elected Jens Peter Toft and Louise Knauer as members of the Remuneration Committee together with the chairman of the Board of Directors Jens Borum. Jens Peter Toft and Louise Knauer replaced Ulf Gundemark and Jesper Dalsgaard. 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 for 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 2019, we had six 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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