Board of Directors

Waldemar Schmidt (1940). Chairman of the Board of Directors since September 2000 and member of the Board since the same date. Re-elected to the Board of Directors in June 2010. Mr Schmidt's term of office expires in June 2011.
 

Mr Schmidt has extensive international management experience, including a lengthy period as Group CEO of ISS A/S. He also has experience from offices on the Board of other listed Danish and international companies.

Member of the Board of PAN ME A/S, Majid Al Futtaim Group LLC (United Arab Emirates) and Kwintet AB (Sweden).

Mr Schmidt is considered an independent Board member.

Morten Eldrup-Jørgensen (1962). Member of the Board of Directors since September 2000. Re-elected to the Board of Directors in June 2010. Mr Eldrup-Jørgensen's term of office expires in June 2011.

Mr Eldrup-Jørgensen has an LL.M. and an MBA. He is a lawyer and a partner of the law firm Nielsen Nørager. He has general management experience as cofounder and/or chairman of a number of companies. As a lawyer he is primarily engaged in commercial and corporate law and corporate finance, including mergers & acquisitions and securities and finance law.

Chairman of the Board of Cultivator A/S, TrackMan A/S, MK Ventures ApS, Sunarc Technology A/S and Bent Thorbergs Fond.

Chairman of the company's audit committee since August 2009.

Mr Eldrup-Jørgensen is considered an independent Board member.

Jim Hagemann Snabe (1965). Member of the Board of Directors since September 2009. Re-elected to the Board of Directors in June 2010. Mr Snabe's term of office expires in June 2011.

Mr Snabe, who has an MSc (Economics and Business Administration), is Co-CEO and member of the Executive Board of SAP AG. He has extensive experience within international management and globalization and has in-depth knowledge of IT, business processes and innovation.

Member of the company's audit committee since August 2009.

Mr Snabe is considered an independent Board member.

Lars Thrane (1948). Re-elected to the Board of Directors in June 2010. Mr Thrane's term of office expires in June 2011.

Mr Thrane, who has an MSc (Engineering) and a PhD, is one of the founders of Thrane & Thrane A/S. He has general management experience and extensive knowledge and experience of radio and satellite communication.

Member of the Board of the Maritime Development Center of Europe (EMUC) and Decision3 Sp/f.

Mr Thrane is not considered as independent due to his membership of the Management Board of Thrane & Thrane.

Gert Hejne Jensen* (1965). Member of the Board of Directors since June 2006. Re-elected to the Board of Directors in June 2010. Mr Jensen's term of office expires in June 2014. Head of Final Assembly & Warehouse at Thrane & Thrane Aalborg. Business diploma in logistics and human resource development.

*: Elected by the employees