Nomination & Remuneration Committee

The Board of Directors has formed a Nomination & Remuneration Committee.

Thomas Thune Andersen (Chairman), Lene Skole and Lynda Armstrong are the members of the Nomination & Remuneration Committee. All members are independent.

The committee assists the Board of Directors in matters regarding the composition, remuneration and performance of the Board of Directors and Group Executive Management.

In 2019, the committee discussed the implementation of the EU Shareholder Rights Directive II into Danish legislation. In this context, the remuneration policy for the Board of Directors and the Executive Board was reviewed together with the remuneration report and the terms of reference for the committee. The committee decided to pre-implement the requirement to publish the remuneration report separately from the annual report already for the 2019 report.

Additionally, the committee discussed gender pay gap reporting which is disclosed in the ESG performance report based on countries with more than 250 employees.

Finally, the committee discussed the appointment of Declan Flanagan as executive vice president (EVP) for Onshore (previously CEO of subsidiary Lincoln Clean Energy) and the appointment of Morten H. Buchgreitz as EVP for the merged business unit, Markets & Bioenergy (previously EVP for Customer Solutions).

Three meetings have been held in 2019 in the Nomination & Remuneration Committee.

You can download the terms of reference of the Nomination & Remuneration Committee via the link above.

Group Executive Management

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