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 Anders Wilhjelm

(born 1966, joined Solar in 2014). Chairman of the boards of directors of all Solar Group subsidiaries. Member of the boards of directors of DAT-Schaub A/S and the Confederation of Danish Industry. Holds 1,270 Solar B shares. Has not traded shares in 2016. Holds 9,787 share options, 4,865 of these granted in 2016.

CFO Michael Jeppesen

(born 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 2016. Holds 6,844 share options, 2,432 of these granted in 2016. Exercised 5,102 share options in 2016.

CCO Hugo Dorph

(born 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 8,894 share options, 2,928 of these granted in 2016.

Group Management

Born 1968 Jens Andersen

Senior Vice President & MD Denmark

born 1961 Jan Willy Fjellvær

Senior Vice President, Sourcing & MD Norway

Born 1961 Lars Goth

Senior Vice President, Supply Chain & MD Austria

Born 1964 Tore Håkonsson

Senior Vice President, HR and Communications

Born 1969 Anders Koppel

Senior Vice President & MD Sweden

Born 1969 Dariusz Targosz

Senior Vice President & MD Poland

Born 1955 Martin Trampe

Senior Vice President & MD Benelux

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 1953, joined 1982). Associate professor, University of Copenhagen. Remuneration 2016: DKK 768,750. Holds 6,900 Solar A shares and 118,520 Solar B shares. Has not traded Solar shares in 2016.

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Vice chairman Ulf Gundemark

(born 1951, joined 2014). Remuneration 2016: DKK 320,833. Holds 1,500 B shares. Has not traded Solar shares in 2016.

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Niels Borum

(born 1948, joined 1975). Remuneration 2016: DKK 320,833. Holds 6,900 Solar A shares and 89,539 Solar B shares. Has not traded Solar shares in 2016.

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Jens Peter Toft

(born 1954, joined 2009). Remuneration 2016: DKK 484,375. Holds 1,250 Solar B shares. Has not traded Solar shares in 2016.

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Louise Knauer

(born 1983, joined 2017).

Jesper Dalsgaard

(born 1968, joined 2017).

Employee-elected board member Lars Lange Andersen

(born 1968, joined 2010). Sales Manager. Remuneration 2016: DKK 189,583. Holds 93 Solar B shares. Has not traded Solar shares in 2016.

Employee-elected board member Bent H. Frisk

(born 1961, joined 2006). Central Warehouse Manager. Remuneration 2016: DKK 189,583. Holds 60 Solar B shares. Has not traded Solar shares in 2016.

Employee-elected board member Ulrik Damgaard

(born 1973, joined 2014). Remuneration 2016: DKK 189,583. Holds 60 Solar B shares. Has not traded Solar shares in 2016.

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 the wholesale trade
- Economic and financial knowledge
- Experience of acquisitions and divestments
- Experience of business development
- Knowledge and experience of IT, supply chain, HR and lean

 

Board of Directors' affiliation with Solar

Louise Knauer, Ulf Gundemark, and Jens Peter Toft are considered independent from the company by the definition in the Danish corporate governance recommendations. Jesper Dalsgaard, Jens Borum and Niels Borum are affiliated with the Fund of 20th December, which is the majority shareholder of Solar A/S. Jens Peter Toft and Jesper Dalsgaard are members of the Audit Committee together with the Chairman of the Board of Directors Jens Borum. Jens Peter Toft chairs the Audit Committee and has special accounting qualifications. Ulf Gundemark, Jens Borum and Jens Peter Toft are members of the Remuneration Committee.

 

Election of employee representatives

The most recent ordinary election of employee representatives took place electronically on 17-27 March 2014. The participation rate in the election was 57.3%. 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.