About Flügger / Corporation

Board of Directors

The Board is dedicated to overseeing the company’s overall development and ensuring transparency, risk management and competent sparring with the Executive Board.

According to Flügger’s Articles of Association, the Board of Directors consists of between three and eight members elected by the general meeting, as well as board members elected by employees. The members are elected for one year at a time. Resigning members can be re-elected.

At Flügger, it is customary to have four board members elected by the general meeting and two elected by the employees. The composition of the Board of Directors aims to ensure that two to three out of the four members elected by the general meeting are independent of the company, the main shareholder and significant supplier or customer interests. One member is also chosen to represent the main shareholder.

The total remuneration of the Board of Directors is stated in the note in the annual report, which you can find here.

Karen Frøsig, Chairman of the Board in Flügger group A/S

Karen Frøsig

Chairman
Independent

Alexander Vilhelm Martensen-Larsen, vice president of the board of Flügger group A/S

Alexander Vilhelm Martensen-Larsen

Deputy Chairman
Independent

Nicolai Schnack - member of the Board in Flügger group A/S

Nicolai Schnack

Member of the Board
Not independent

Bettina Antitsch Mortensen, bestyrelsesmedlem i Flügger group A/S

Bettina Antitsch Mortensen

Member of the Board
Not independent

Dorthe Laursen, employee representative i the Board of Directors in Flügger group A/S

Dorthe Laursen

Employee Representative

Mikkel Boelskifte, employee representative in the Board of Directors in Flügger group A/S

Mikkel Boelskifte

Employee Representative

The Board of Directors of Flügger has established an Audit Committee, which meets four times a year and consists of the following members:

Alexander Vilhelm Martensen-Larsen, næstformand i bestyrelsen i Flügger group A/S
Alexander Vilhelm Martensen-Larsen
Chairman
(Independent member of the Board)

The primary purpose of the Audit Committee is to monitor the financial reporting process, including monitoring compliance with applicable legislation, standards and other regulations for listed companies regarding accounting and public disclosure of financial reporting, as well as assessing the need for internal auditing.

The Board of Directors of Flügger has established a joint Nomination and Remuneration Committe, which has at least one meeting annually and consists of the following members:

Ulf Schnack, Chief DNA Officer i Flügger group A/S
Ulf Schnack
Chairman
Karen Frøsig, bestyrelsesformand i Flügger group A/S
Karen Frøsig
Member

The purpose of the Nomination and Remuneration Committee is to nominate and recommend candidates for the Board of Directors, contribute to ensuring a composition in accordance with specified criteria, as well as ensure compliance with the Remuneration Policy and general guidelines for incentive pay, and make proposals for remuneration to the Board of Directors and the Executive Board.

Management

Flügger’s Management team is responsible for the day-to-day management and for putting the decisions made by the Board of Directors into action. With a strong understanding of both the market and the organisation, the Management leads Flügger’s strategic development, financial performance and international presence.

Business Area Managers

Flügger’s business area management includes HR and communication, sales and marketing, production and innovation, and branding and design. These managers are responsible for implementing strategic decisions into daily results with a focus on market needs, operational efficiency and customer experience.

Through close collaboration across functions, the management team contributes to Flügger’s overall development.

Marlene von Essen-Müller, Senior Vice President, Flügger group A/S

Marlene von Essen-Müller

Senior Vice President
People, Communication & Culture

Anders Klamer, Senior Vice President, Flügger group A/S

Anders Klamer

Senior Vice President
Commercial Nordic

Anette Beck, Senior Vice President, Flügger group A/S

Anette Beck

Senior Vice President
Product, Innovation & Procurement

Charlotte Ottesen-Hansen, Senior Vice President, Flügger group A/S

Charlotte Ottesen-Hansen

Senior Vice President
Brand & Business Development

ESG

At Flügger, we believe in the value of preserving and retaining rather than discarding in favour of new products. That is why we develop high-quality products that help extend the lifespan of materials and contribute to healthier indoor environments.

We also believe that colours make a difference. They can refresh, refine, reinforce, resize, reshape, and revolutionize. Colours help to set the mood in our homes and define our surroundings.

At Flügger, we appreciate all colours, but green is particularly close to our hearts – and has been for a long time. It reflects our long-standing commitment to sustainability, circular economy and responsible product development, all anchored in our Flügger Organic strategy.

Our Sustainability Goals

In 2024, Flügger launched the strategy Flügger Organic – Delivering sustainable value, which builds on our core belief in contributing to a greener industry. The strategy follows up on our previous Going Green initiative and marks the next step in our sustainable development – both from a business and environmental perspective.

Our ambition is to be the preferred choice for both professional painters and quality-conscious consumers by offering environmentally friendly and inspiring solutions. With the Flügger Organic strategy, we are expanding our climate efforts from production to the entire value chain.

We are committed to three key ESG targets by 2030 and 2050:

  • 100% eco-labelled paint by 2030
  • 95% of packaging with at least 50% recycled plastic by 2030
  • CO2- neutral production by 2050

Read more about our strategy, how we work to realise our goals and what we have achieved so far in our latest annual report here.

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Our Products, Packaging & Production

At Flügger, sustainability starts with our products – both the contents of the buckets and the packaging itself. 99 % of our sold liquid products are water-based, and over 80 % are certified with the Nordic Swan Ecolabel or the EU Ecolabel. But we do not stop here – we continuously work to improve the environmental and health profile of our products year by year.

We are also committed to reducing the environmental and climate impact of our production. That is why we are working to reduce CO₂ emissions from our factories, decrease wastewater volumes, and ensure that as much of our waste as possible is recycled. At our factory in Kolding, for example, wastewater is cleansed and reused, while our plastics plant in Sweden recycles production waste directly.

Our Social Responsibility

At Flügger, sustainability is also about people. We strive to be a workplace where employees thrive, grow professionally and feel free to be themselves. That’s why we focus on well-being, mental health, skills development and diversity throughout the organisation.

We also support initiatives that make a positive impact on society. With a long history of contributing to charitable causes, we engage in partnerships where we can use our products, skills, or voice to help create a more inclusive, colourful, and sustainable future.

Read more about our partnerships here.

Diversity Policies

Diversity Statement in accordance with sections 107d and f of the Danish Financial Statements Act.

Business Partners & Suppliers

Flügger’s Code of Conduct outlines our ambitions and requirements for working with suppliers and other business partners. It reflects our core values and strong commitment to economic, environmental and social sustainability.

Flügger supports the principles of the UN Global Compact and the ILO conventions, and has established a Code of Conduct applicable to all Flügger entities – including subsidiaries and suppliers.

In addition, we enforce a set of Sustainability Principles for Suppliers. These cover areas such as human rights, labour conditions, environmental responsibility, anti-corruption and regulatory compliance – and are integrated into our contracts. These standards are non-negotiable, but we maintain them through constructive dialogue and long-term cooperation with suppliers – for the mutual benefit of all parties in our value chain.

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Environment & Quality

Flügger is on an extensive journey to become a more environmentally and energy-conscious manufacturer of paint related products.

Flügger's development

Our journey began in 1978, when Flügger built a new production facility in Kolding, Denmark, designed exclusively for the manufacture of water-based paints – one of the first of its kind in Europe.

Part of the journey involved replacing heavy metal-based pigments with new alternatives that maintained colour fastness and durability for outdoor use.

In 2005, our facilities in Kolding and Bollebygd (Sweden) achieved ISO 14001 certification, followed by our Gdansk factory in 2011 and our lab and procurement functions in Rødovre (DK) in 2021.

In recent years, our focus has shifted to reducing biocides and enhancing the health and environmental profiles of our products. Today, most of our indoor paints carry the Nordic Swan or EU Ecolabel.

We aim for full product transparency – often going beyond legal requirements – so customers know exactly what’s inside. Our priorities are quality, expertise and customer satisfaction, supported by sustainable production and clear communication.

Billede af spande der bliver fyldt på med hvid maling

Quality & Environmental Policy

Flügger develops, produces and sells high-quality paint solutions for both professional and private customers. Our work is driven by innovation, expertise and responsibility – ensuring that our products and operations support a more sustainable future.

Our strategy is built around the ambition to run a sound and responsible business. We are committed to:

  • Complying with applicable laws and regulations in all countries where we operate.
  • Upholding high ethical standards in line with the Flügger Code of Conduct.
  • Demonstrating openness and accountability towards those affected by our activities.
  • Engaging in constructive dialogue with stakeholders and responding professionally and transparently to all enquiries.

Leadership

At Flügger, quality and environmental responsibility are key priorities. We continuously work to optimise and improve all aspects of our business – from product development to customer experience and operations.

Our leadership priorities include:

  • High-quality, environmentally friendly, and primarily water-based in-house produced products.
  • Customer health protection by maintaining product approvals through voluntary certifications such as the Ecolabel and the Nordic Swan.
  • Optimizations through projects that enhance customer satisfaction.
  • Projects that, over time, will reduce the environmental impact of our products and processes.
  • Involvement of employees, selected suppliers, and relevant stakeholders in these priority projects.
  • Continuous improvement of production processes through the application of LEAN principles.

Karen Frøsig

Born 1958
Joined the Board of Directors in 2025
Independent

Holding of Flügger shares

0 pcs.

  •  
  • Master of Laws from Aarhus University

Experience from the financial sector and several board positions, including from Danish and international retail. In addition, experience with financial reporting, risk management and capital markets from a previous position as CEO of Sydbank A/S.

Deputy Chairman of the Board of Directors:

  • Ecco Holding A/S and its subsidiary Ecco Sko A/S

Member of the Board of Directors:

  • Musikhuset Esbjerg. Fond and its subsidiary Kunsten ApS
  • Brask Thomsen Stiftung Fond
  • MFT Energy A/S

Alexander Vilhelm Martensen-Larsen

Born 1975
Joined the Board of Directors in 2025
Independent

Holding of Flügger shares

0 pcs.

  •  
  • MBA from IMD
  • B.Sc. International Business from CBS

Experience from Morgan Stanley with a financial and strategic background as well as from leading roles in IC Group, as both CFO and CEO, Gubra A/S (publ) as deputy chairman, and Swedish RVRC Holding AB (publ) (Revolution Race) as chairman. In addition, experiences with roles in audit and nomination and remuneration committees as both chairman and member.

Chairman of the Board of Directors:

  • RVRC Holding AB (publ)
  • Give Elementer A/S and two subsidiaries
  • Raaco Holding ApS and the subsidiary Raaco A/S
  • The Jewellery Room ApS
  • Laplandar ApS
  • Gubra Green ApS

Deputy Chairman of the Board of Directors:

  • Gubra A/S (publ)

 

CEO:

  • AML ApS

Nicolai Schnack

Born 1990
Joined the Board of Directors in 2025
Non-independent

Holding of Flügger shares

103 pcs.

  • MSc in Economics and Business Administration and Mathematics (Cand.merc.(mat)) from CBS
  • B.Sc. in Economics and Business Administration and Mathematics (HA(mat)) from CBS

Experience with business-critical systems and digitalization on an international scale.

Chief Technology Officer:

  • JOE & THE JUICE A/S.

 

Director:

  • Spire Holding ApS and its subsidiary Spire ApS.

Bettina Antitsch Mortensen

Born 1978
Joined the Board of Directors in 2022
Non-independent

Holding of Flügger shares

M+ II A/S has 851,487 shares (major shareholder).

  •  
  • Master of Laws, lawyer with right to appear before the Supreme Court (Attorney-at-Law (H))
  • CBS Executive board education

Through her ownership and management positions in the M+ Group, which includes Hybel and M+ Ejendomme, she has great market insight into the construction and property industry. At the same time, she has broad legal experience with a background as a commercial lawyer and subsequently a long-term career as a defense lawyer with the right to appear before the Supreme Court.

Through Bettina Antitsch Mortensen’s many years of work in the construction and real estate industry, she has gained experience in the documentation requirements associated with construction.

Chairman of the Board of Directors:

  • M+ Invest A/S and nine subsidiaries
  • M+ Ejendomme A/S and six subsidiaries
  • M+ II A/S, Hybel Danmark A/S and four subsidiaries
  • Stenhøj Husene Holding A/S and two subsidiaries
  • MPP Holding I A/S and four subsidiaries
  • Won Holding ApS and one subsidiary

Board member:

  • Four subsidiaries of M+ Invest A/S
  • Nine associated companies of M+ Invest A/S
  • Ejendomsselskabet Houmannsgade ApS

 

Director:

  • F.M. 16 Holding ApS
  • FM 09 Holding ApS
  • Hybel M.K.P. Holding ApS
  • Hybel M. S. Holding ApS
  • RM 07 Holding ApS
  • FRB 20 Holding ApS

Dorthe Laursen

Born 1963
Joined the Board of Directors in 2023
Employee Representative

Holdings of Flügger shares

30 pcs.

  •  

Payroll and ER Lead in People, Communication & Culture

Extensive experience within Flügger with employment in Payroll and HR since 1986. Dorthe Susanne Laursen has insight and understanding of how new initiatives and work processes affect the organisation.

Mikkel Boelskifte

Born 1983
Joined the board in 2023
Employee Representative

Holdings of Flügger shares

715 pcs.

  •  

Country Manager for Flügger Danmark and PP professional paint.

Great knowledge of the business as a whole through many years of experience in several different positions including. Regional Manager – Flügger, Sales Manager Professional – PP professional paint and most recently Country Manager for Flügger Denmark and PP professional paint.

Sune Schnack

Born 1990

Holdings of Flügger shares

Holdings of Flügger A and B shares, incl. related parties:

  • 590,625 pcs. Flügger A
  • 720,610 pcs. Flügger B
  •  

In-depth knowledge of Flügger through management positions in both group and subsidiaries. Solid financial and strategic toolbox from education and previous job as senior consultant at Ramboll Management Consulting.

Warrants & RSU:

  • 29,751 pcs. per 30/4/2025
  • M.Sc. Economics and Business Administration (Accounting and Finance) from Copenhagen Business School in 2015

2018-           Flügger group A/S

  • CEO
  • Head of Products & Assortment
  • Head of Assortment, PP professional paint A/S
  • Manager, PP professional paint A/S

2015-2017    Rambøll

  • Strategy & Operations


2011-2015    FSN Capital

  • Analyst, Intern 

Ulf Schnack

Born 1936

Holdings of Flügger shares

Holdings of Flügger A and B shares, incl. related parties: 

  • 590,625 pcs. Flügger A
  • 720,610 pcs. Flügger B
  •  
  •  

More than 65 years of experience in Flügger.

  • Chemical engineer from Krefeld
  • HD-A from CBS

1958-         Flügger group A/S

  • Chief DNA Officer
  • CEO
  • Employee

Lucas Eichild

Born 1990

Holdings of Flügger shares

Holdings of Flügger B shares, incl. related parties:

  • 910 pcs.
  •  

Experience from Carnegie Investment Bank and previous management role in Flügger with responsibility for
business development.

Warrants & RSU:

  • 9,077 pcs. per 30/4 2025
  • M.Sc. Economics and Business Administration (Accounting and Finance) from Copenhagen Business School in 2015

2021-           Flügger group A/S

  • CFO / Chief Financial Officer
  • Senior Vice President (Corporate Development)
  • Senior Vice President (Strategy & Integration)

2017-2021    Carnegie Investment Bank 

  • Associate Director
  • Senior Associate

Marlene von Essen-Müller

Education
  • Various IMD, INSEAD, AVT, etc.
  • Cand.comm.(psych.) from Roskilde Universitet in 2002

2021-           Flügger group A/S

  • Senior Vice President (People, Culture & Communication)
  • Vice President (People & Culture)

 

2017-2021    Bang & Olufsen

  • Head of People & Culture
  • Director & Senior HR Business Partner 
  • Senior HR Business Partner

2015-2017    Telenor DK

  • Senior Development Specialist

 

2011-2015    Ledelseskraft

  • Owner

 

2007-2011    Oticon/ Demant

  • HR Business Partner

 

2004-2007    Debenhams/ Magasin

  • HR Manager

 

2003-2004    Siemens

  • PR & Communications Manager

Anders Klamer

Education
  • MBA from Scandinavian International Management Institute in 2007
  • Graduate Diploma in Business Administration (Accounting and Financial Management) from Copenhagen Business School in 1994

2009-           Flügger group A/S

  • Senior Vice President (Commercial Nordics)
  • Senior Vice President (Unicell Nordics & Franchise)
  • Senior Vice President (Emerging Markets)
  • Head of Business Development
  • Sales Support Manager
  • Senior HR Business Partner

2007-2009    Ernst & Young

  • Senior Manager (Transaction services)

 

2000-2007    IC Company A/S

  • Executive Assistant
  • Business Control Manager

 

1996-2000    Falck

  • M&A Manager
  • Group Control Manager
  • Finance Manager
  • Internal Auditor

 

1988-1996    Deloitte

  • Auditor

Anette Beck

Education
  • Various IMD educations from Wharton Business School
  • Master of Business Administration from Aarhus University in 1997

2020-           Flügger group A/S

  • Senior Vice President (Product, Innovation & Procurement)
  • Senior Vice President (Procurement, QHSE, CSR)
  • Senior Vice President (Procurement)

2016-2020    Novozymes

  • Director, Global Head of Direct Sourcing & Procurement

 

2013-2016    DR

  • Head of Corporate Procurement & Contracting

 

2009-2013    Dong Energy

  • Director, Technical Procurement
  • Senior Manager of Technical Operations Procurement
  • Manager of Indirect Procurement Services
  • Head of Procurement & Logistics

 

1999-2009    TDC

  • Head of Procurement & Logistics
  • Various project management positions

 

1997-1999    Lego

  • Market Consultant

Charlotte Ottesen-Hansen

Education
  • Master of Science (management) from HEC Paris in 2004.

2025-           Flügger group A/S

  • Senior Vice President (Brand & Business Development)

 

2022-2024   Georg Jensen

  • Senior Director Marketing and Product Management

2018-2022    L’Oréal

  • Brand Director, Lancôme Nordic
  • Brand Director, YSL Nordic

 

2011-2018    PANDORA A/S

  • Global Brand Marketing Director, Group Marketing
  • Global Trade Marketing Manager, Group Marketing

 

2005-2011    Parfums Christian Dior

  • Nordic Marketing Manager
  • Nordic Merchandising Manager & Sell Out Sales Manager Denmark
  • Nordic Merchandising & Agents Manager
  • Nordic Business Analyst & Agents Manager

 

2003-2005    Selective Beauty

  • Brand Manager
  • Brand Manager Assistant

Det tror vi på:

I Flügger tror vi på, at en mangfoldig arbejdsplads og et inkluderende arbejdsmiljø er et aktiv for vores arbejdsplads. Vi anerkender medarbejderes forskelligheder og mener, at mangfoldige teams – herunder ledelsesgrupper – arbejder mere innovativt, træffer bedre beslutninger og bidrager til nytænkning.

Vi ønsker og tilstræber at være en ansvarlig arbejdsplads, der rekrutterer, forfremmer og udvikler medarbejdere baseret på kompetencer og uafhængigt af køn, kønsidentitet, social oprindelse, seksuel orientering, alder, nationalitet, handicap, politisk ståsted, etnicitet, religiøs overbevisning eller andre personlige forhold.

I Flügger rapporterer vi den kønsmæssige fordeling i bestyrelsen og øvrige ledelsesniveauer jf. årsregnskabslovens §107f i forbindelse med vores årlige lovpligtige rapportering. Vi tilstræber, at det underrepræsenterede køn udgør mindst 40 % i både bestyrelse og ledelse. I 2024/25 var fordelingen 25 % kvinder i bestyrelsen og 38 % kvinder i ledelseslagene.

Læs mere i vores seneste årsrapport her.

What we believe in:

At Flügger, we believe that a diverse workplace and an inclusive work environment are valuable assets. We recognize and value individual differences and believe that diverse teams – including leadership – drive innovation, make better decisions and foster openness and tolerance across the organisation.

Flügger is committed to being a responsible employer. We recruit, promote and develop employees based on their skills and in a manner that supports diversity. This includes ensuring equal treatment regardless of gender, gender identity, social origin, sexual orientation, age, nationality, physical ability, disability, political beliefs, ethnicity, family status, religious beliefs or other ideologies.

In accordance with Section 107f of the Danish Financial Statements Act, we report annually on gender distribution in the Board of Directors and leadership levels in our annual report. For further data, please refer to our latest annual report here.

What we do:

We continuously strive to ensure diversity both at the leadership level and across all employee groups.

Our efforts are based on the following principles:

  • Flügger is a workplace that offers equal opportunities for all in a safe and non-discriminatory work environment.
  • We aim for a minimum of 40 % representation of each gender in our leadership roles and focus on fair and inclusive recruitment.
  • We comply with national and international standards on human rights and equality, and ensure fair employment conditions regardless of gender, ethnicity, religion or other personal traits.
  • We strive for equal pay for equal work, regardless of gender or other characteristics.
  • We do not tolerate bullying, sexual harassment, discrimination or offensive behaviour, and we actively prevent it through regular employee training.
  • We seek a diverse workforce of both young and experienced employees who can inspire and support our shared development.
  • The Board of Directors reviews the diversity policy at least once a year and updates it as needed.

Diversity Policy in Flügger’s Leadership Team:

Goals and Results 2024/2025

In accordance with Section 107d of the Danish Financial Statements Act, Flügger has defined diversity targets for the composition of the group’s Board of Directors, Executive Board, and overall workforce.

Board of Directors

When appointing the members in Flügger group A/S elected by the general meeting, we focus on both diversity and the individual members’ competencies and experience. Our goal is to ensure gender balance and a broad skill set aligned with the company’s core and strategic priorities.

We have defined specific targets for gender representation and independence on the Board:

  • We aim for the underrepresented gender to constitute at least 40% of the shareholder-elected board members (40/60%). In 2024/25, the Board consisted of one woman and three men, or 25/75%. According to the Danish Business Authority, this qualifies as gender balance.
  • At least half of the shareholder-elected board members must be independent under the Danish Recommendations on Corporate Governance. This requirement was met in 2024/25, with two out of four members classified as independent.

Management

The management of Flügger group A/S consists of three members: the CEO, CFO, and majority shareholder Ulf Schnack, who has been actively involved in the company since 1958.

Flügger has chosen not to define specific diversity targets for the management. This is because we prioritise insight, experience and relevant competencies when appointing executive members.

Other Management

Flügger aims for a gender composition in other management levels and the overall workforce where the underrepresented gender constitutes at least 40% (40/60%), aligning with the objective for the composition of the Board of Directors.

Flügger’s recruitment principles and guidelines further support Flügger’s diversity objectives and policy.