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:

  • Kim Balle (chairman, independent board member)
  • Jimmi Mortensen
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)
  • 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.
1
Chairman

Michael Mortensen

Chairman

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

Other directorships:

Chairman of the Board in M+ Ejendomme A/S, Hybel Danmark A/S, Select Development A/S og Won Holding ApS.

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.

2
Vice Chairman

Jimmi Mortensen

Vice Chairman

Born in 1974, joined Flügger Board of Directors in 2021.

Other directorships:

CEO in Actona Company A/S (from April 2021). Board member in Carl Ras A/S and Dansk Industri, as well as vice chairman of the board in Rosendahl Design Group A/S.

Qualifications:

Thorough knowledge of Flügger i.a. through his position as CEO of Flügger group A / S from 2016-2021.

3
Board Member

Signe Trock Hilstrøm

Board Member

Born in 1974, joined Flügger Board of Directors in 2021.

Other directorships:

Professional board member and advisor within Digital Business. In addition, board member of Junckers A/S, PWT Group A/S, Bahne Sørensen A/S, Stibo A/S, Raptor Services A/S, Ka-Ching A/S, SEAS-NVE Strømmen A/S, SEAS-NVE Energi A/S, samt formand for Advisory Board Rockay ApS.

Qualifications:

Extensive knowledge of Digital Sales & Marketing, Digital Strategy, E-Commerce and Omnichannel, through a number of leading positions in the Danish business community. Has a background in Strategy and Business Development.

4

Kim Balle

Board Member

Born in 1968, joined Flügger Board of Directors in 2021.

Other directorships:

Chief Financial Officer in TORM A/S. Board Member in TORM A/S, Nordea Invest and Lind Capital A/S. Holds director positions in TORM Singapore Pte. and Kim Balle Holding ApS.

Qualifications:

Through many years of experience from leading positions in the Danish business community, Kim has worked with e.g. financial management, Governance & Compliance, Corporate Strategy, M&A, IT & Business Transformation, BI & Artificial Intelligence and business development.

5
Employee Representative

Berit List Lassen

Employee Representative

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

Store Manager in Flügger farver, 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.

6
Employee Representative

Martin Johansen

Employee Representative

Born in 1973, joined Flügger Board of Directors in 2021.

Maintenance Technician at our production site in Kolding.

Qualifications:

Broad knowledge of production and stock in Kolding - works with purchasing optimization and maintenance of machines and process facilities.