Board of Directors

Board of Directors

The Board of Directors consists of six members elected by the shareholders at the Annual General Meeting each year in March, and three members elected every fourth year by the employees in accordance with applicable laws.

A highly competent Board of Directors with proven experience in key fields, is essential for the success and growth of NKT when striving to ensure that the Board of Directors has a mix of competencies that cover all critical aspects of the business and support NKT’s growth in new markets.

Therefore, annual Board evaluations are conducted assessing not only the Board’s efficiency and commitment, but also the Board’s experience and competencies which should reflect NKT’s strategy. NKT’s latest Board assessment was conducted in December 2021 and shows that the Board, collectively, has skills and competencies within the cables industry, sustainability, manufacturing, international management of business operations, as well as CEO and CFO experience. Not only are the Board evaluations used for identifying potential competency gaps, it is also used for succession planning of Board members ensuring that the Board always has the skillset as a group that match NKT’s needs.

  • Jens Due Olsen

    Jens Due Olsen
    Chair

    Born 1963, Denmark
    First elected in 2006*

    Not considered independent*

    MSc. Econ,1990

    NKT Committees:

    • ESG
    • NKT Photonics (working committee)
       

    Board of Directors remuneration: DKK 1,125,000

    Number of NKT shares: 48,941

    Directorships:

    • KMD A/S, Deputy Chair
    • BørneBasketFonden (non profit foundation), Chair
    • Advantage Investment Partners A/S, Chairman
    • NIL Technology A/S, Chairman


    Special qualifications: 

    • Industrial management
    • Management of listed companies
    • Economic and financial matters
    • Risk management
     

    *Not considered independent, cf. Danish Recommendations for Corporate Governance

    • René Svendsen-Tune

      René Svendsen-Tune
      Deputy Chair

      Born 1955, Denmark
      First elected in 2016

      BSc. Eng. (hon.)

      Board of Directors remuneration: DKK 750,000 

      NKT Committees:

      • Nomination, Chair
      • NKT Photonics (working committee)

       

      Number of NKT shares: 5,333

      Other positions and directorships:

      • Chief Executive Officer, GN Store Nord A/S and GN Audio A/S
      • Nilfisk Holdling A/S, Deputy Chair
      • Stokke AS, Chair

      Special qualifications:

      • International management
      • Management of listed companies
      • Specialist expertise in technology, service businesses and large account sales and strategy development with sustainability focus
      • Karla Marianne Lindahl

        Karla Lindahl

        Born 1981, Finland
        First elected in 2020

        MA in EC Competition Law 2009
        Master of Laws (LL.M) 2005

        NKT Committees:

        • Audit
           

        Board of Directors remuneration: DKK 375,000

        Number of NKT shares: 0

        Other positions and directorships:
        Managing Director, KONE Finland and Baltics

        Special qualifications:

        • International and industrial management
        • Expertise in leading service and project business and operations
        • Specialist expertise in strategy development and execution as well as competition and corporate law
        • Jens Maaløe

          Jens Maaløe

          Born 1955, Denmark
          First elected in 2004

          Not considered independent*

          MSc. E.Eng. 1979, PhD. 1983

          NKT Committees:

          • Remuneration
          • Nomination
          • NKT Photonics (working committee)
             

          Board of Directors remuneration: DKK 375,000

          Number of NKT shares: 515

          Other positions and directorships:

          • Poul Due Jensens Fond, Chair
          • Grundfos Holding A/S, Chair of Technology Committee
          • Niras A/S, Chair
          • Danish Technology Institute, Chair
          • OMT A/S (Odense Maritime Technology)
          • GomSpace Group AB, Chair

          Special qualifications:

          • International and Industrial management 
          • Management of listed companies
          • Specialist expertise in technology and technological development
           

          *Not considered independent, cf. Danish Recommendations for Corporate Governance

          • Andreas Nauen

            Andreas Nauen

            Born 1964, Germany
            First elected in 2017

            BSc. Mechanical Eng. 1991

            NKT Committees:

            • Remuneration, Chair
            • Audit, Chair

             

            Board of Directors remuneration: DKK 375,000 

            Number of NKT shares: 0

            Special qualifications:

            • International and industrial management
            • Management of listed companies
            • Special expertise in technology and large infrastructure projects, renewable energy and wind power
            • Nebahat Albayrak

              nebahat

              Born 1968, Turkey

              LLM, International and European Law, University of Leiden, Netherlands

              NKT Committees: 

              • ESG, Chair


              Board of Directors remuneration: DKK 375,000

              NKT shares at 31 December 2021: 0

              Other positions and directorships:

              • Senior Vice President, Corporate Affairs, Sustainability and Safety and Security. Fortum, Finland
              • Member of the Supervisory Boards of Nederlandse Spoorwegen
              • Member of the Advisory Board of Topvrouwen.nl

              Special qualifications:

              • Expertise in driving sustainability in international organizations
              • International and industrial management
              • Experience from the public and private sector Senior leadership experience from the energy industry
              • Specialist in corporate branding and reputational management
              • Stig Nissen Knudsen

                Stig Nissen Knudsen

                Elected by the employees, 2022

                Board of Directors remuneration: DKK 375,000

                Number of NKT shares: 100

                Senior Production Engineer
                NKT Photonics A/S

                • Christian Dyhr

                  Christian Dyhr

                  Elected by the employees, 2022

                  Board of Directors remuneration: DKK 375,000

                  Number of NKT shares: 0

                  Warehouse coordinator, NKT Photonics

                  • Pernille Blume Simonsen

                    Pernille Blume Simonsen

                    Elected by the employees, 2022

                    Board of Directors remuneration: DKK 375,000

                    Number of NKT shares: 0

                    Lean specialist, NKT (Denmark) A/S

                    Employee-elected Board members

                    NKT's Board of Directors includes three employee-elected members. They are elected as Group representatives as NKT A/S does not by itself meet the criteria for employee-elected Board members. The Group representatives are elected to the Board based on the number of votes available to the appointed electors in the Danish Group companies. The number of votes is in proportion to the size of the individual company.

                    Employee-elected Board members serve a four-year term and have the same rights, duties and responsibilities as shareholder-elected Board members, and may be re-elected.

                    The election is organised by an Election Committee responsible for the distribution of voting forms and counting of votes. If the number of candidates does not exceed the number of seats on the Board of Directors for Group representatives, the candidates are elected automatically. When the election has been completed the Election Committee publishes the results and ensures that the elected candidates are registered as company Board members with the Danish Business Authority. The employee-elected Board members take office on the date of the NKT Annual General Meeting.