Board of Directors

In compliance with Flüggers regulations, excluding employee representatives, the Board of Directors consists of at least three and no more than eight shareholder-elected board members, who are elected for one year. Retiring members may be reappointed.

In Flügger it is standard procedure to have four shareholder-elected board members and two employee representatives on the board. Flügger strives to have a board with two or three members of the shareholder-elected board members, who are independent from the company, the majority shareholder and significant supplier interests or customer interests – and that a member of the board represents the majority shareholder. The total remuneration to the board is disclosed in the annual report under notes.

Audit Committee

The Board of Directors of Flügger has set up an Audit Committee which holds four meetings a year and comprises the following members:

Charlotte Strand (chairwoman, independent board member, special qualifications, including as a result of her several years of CFO experience)
Carl Trock (independent board member)

The purpose of the Audit Committee is to monitor the financial reporting process, including monitoring compliance with applicable legislation, standards and other regulations governing listed companies as this relates to the presentation of the financial statements and the publication of financial reporting, as well as to assess the need for internal audits.

Nomination and Remuneration Committee

The Board of Directors of Flügger has set up a combined Nomination and Remuneration Committee which holds at least one meeting a year and comprises the following members:

Ulf Schnack (chairman, director)
Carl Trock (independent board member)
Michael Mortensen (independent board member)

The purpose of the Nomination and Remuneration Committee is to nominate and recommend candidates for the Board of Directors, to help ensure a composition of members according to specified criteria, to ensure compliance with the remuneration policy and general guidelines for incentive pay and to submit proposals for the remuneration of the Board of Directors and the Executive Board.

Chairman

Carl Trock

Born in 1954, joined Flügger Board of Directors in 2014.

Other directorships:

Chairman of the Board in TODO A/S and SKANDI-BO A/S.

Qualifications:

Solid leadership experience from large, international corporations within the DIY sector, as Country Manager and CEO in Schneider Electric, Lauritz Knudsen A/S and Ruko A/S, as well as member of Group Management in ASSA ABLOY AB.

Vice Chairman

Michael Mortensen

Born in 1972, joined Flügger Board of Directors in 2015.

Other directorships:

Chairman of the Board in property company CASA A/S and board member in M.M 26 Holding A/S and Torvehallerne A/S.

Qualifications:

Knows Flügger's market in Denmark. Possesses entrepreneurial skills; has been named EY Entrepreneur Of The Year 2015 as part of CASA A/S. Built and sold HusCompagniet (FM-Søkjær) A/S.

Board Member

Mie Krog

Born in 1968, joined Flügger Board of Directors in 2015.

Other directorships:

Chairman of the Board in Kenatur A/S. Board member in Plantorama Holding A/S, Chromaviso A/S and Republica A/S.

Qualifications:

Solid insight into the retail market as well as branding and E-commerce. Previously employed as Brand Director in LEGO, Marketing Director in JYSK and Retail and Marketing Director in IDdesign.

Board Member

Charlotte Strand

Born in 1961, joined Flügger Board of Directors in 2017.

Other directorships:

Board member in PostNord AB, Per Aarsleff A/S og Per Aaarsleff Holding A/S.

Qualifications:

Several years’ experience as CFO at DONG Energy Wind Power, and from here also experience as responsible for Governance and Compliance.

Employee Representative

Berit List Lassen

Born in 1964, joined Flügger Board of Directors in 2019.

Store Manager in Horsens.

Qualifications:

Solid experience within Flügger through 37 years of employment. Management experience as well as extensive product knowledge, and an in-depth experience in operating stores, sales and marketing.

Employee Representative

Tomas Larsen

Born in 1969, joined Flügger Board of Directors in 2019.

Transport Manager at headquarters in Rødovre.

Qualifications:

Solid business insight, more than 25 years of experience working with supply chains and a thorough knowledge of the distribution and transportation market.