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 8 Solar Group subsidiaries. Member of the boards of directors of VELTEK, Associated Danish Ports A/S and HF Christiansen Holding A/S and two subsidiaries hereof. Holds 5,520 Solar B shares of which 1,040 were purchased in 2020. Holds 2,709 share options and 5,076 restricted share units. 2,666 restricted share units were granted in 2020. 2,912 share options expired in 2020.

CCO Hugo Dorph

Born in 1965, joined Solar in 2014. Member of the boards of directors of 5 Solar Group subsidiaries. Chairman of the boards of directors of Flexya A/S, Flexya Innovations A/S and HomeBob A/S. Member of the boards of directors of LetsBuild Denmark ApS. Holds no Solar shares. Holds 2,703 share options and 2,738 restricted share units. 1,341 restricted share units were granted in 2020. 2,928 share options expired in 2020.

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. Holds 2,186 share options and 2,496 restricted share units. 1,331 restricted share units were granted in 2020. 2,432 share options expired in 2020.

Group Management

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 1967 Michiel Rohrman

Senior Vice President & MD The Netherlands

Born 1978 Frank Simonsen

Senior Vice President, Finance

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 2020: DKK 712,500. Holds 118,520 Solar B shares. Did not trade Solar shares in 2020.

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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 2020: DKK 418,750. Holds 1,100 Solar B shares. Acquired 600 Solar shares 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 2020: DKK 500,000. Holds 1,250 Solar B shares. Did not trade Solar shares in 2020.

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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 2020: DKK 200,000. Holds 93 Solar B shares. Did not trade Solar shares in 2020.

Employee-elected board member Ulrik Damgaard

Born in 1973, joined the board in 2014. Regional Director. Remuneration 2020: DKK 200,000. Holds 60 Solar B shares. Did not trade Solar shares in 2020.

Employee-elected board member Bent H. Frisk

Born in 1961, joined the board in 2006. Central Warehouse Manager. Remuneration 2020: DKK 200,000. Holds 60 Solar B shares. Did not trade Solar shares in 2020.

Member Peter Bang

Born in 1969, joined the board in 2018. Executive Director & CFO, VELUX. Remuneration 2020: DKK 400,000. Holds 1,200 Solar B shares. Acquired 800 Solar shares in 2020.

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Member Louise Knauer

Born in 1983, joined the board in 2017. CED of Lady Invest ApS. Remuneration 2020: DKK 393,750. Holds 381 Solar B shares. Did not trade Solar shares in 2020.

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Member Morten Chrone

Born in 1966 and joined the board in 2019. Group CEO, Unisport Saltex Oy. Remuneration 2020: DKK 312,500. Holds 712 Solar B shares. Acquired 302 Solar shares in 2020.

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About the Board of Directors
The Board of Directors and the Executive Board, which comprises the CEO, CCO and CFO, are jointly responsible for Solar Group’s overall and strategic management.

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 SolarPeter 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, Solar's majority shareholder.

In 2020, the Board of Directors elected Jens Peter Toft, Peter Bang and Louise Knauer as members of the Audit Committee. 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 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 the representatives elected by the Annual General Meeting at the time of the announcement of the election of employee representatives.

Election period
All board members elected at the Annual General Meeting stand 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 are held each year. In 2020, we had nine 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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