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Board and Management

Board of Directors

Walther Thygesen
Hans Werdelin
Søren Henrik Jepsen
Kurt Anker Nielsen
Paul Petter Aas
Arne Juul Hansen
Ulla Morin
Henrik Gürtler
Jerker Hartwall

Executive Management

+§ Audited by PwC

Board of Directors

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Walther Thygesen	Hans Werdelin*	Søren Henrik Jepsen	Kurt Anker Nielsen*	Paul Petter Aas	Arne Juul Hansen	Ulla Morin	Henrik Gürtler*	Jerker Hartwall

* Board members elected by the Annual Meeting of Shareholders. These members are not regarded as independent in the sense of the definition contained in the Nørby Report.