Denmark: The board of directors of FLSmidth has nominated current vice chairman Tom Knutzen as the new chair of the board and Mads Nipper as vice chair. Knutzen will succeed Vagn Sørensen as chair. Sørensen has decided to step down as chair of the board of FLSmidth since his election in 2011. He has decided not to seek re-election. Both nominations will be voted upon at the company’s annual general meeting in late March 2022.
Knutzen has been a member of FLSmidth’s board of directors since 2012 and is the current vice chair. He is also chair of the Audit Committee and a member of the Nomination and Compensation Committee. His career includes his current role as chief executive officer (CEO) of Jungbunzlauer Suisse, from which he has resigned effective end April 2022, CEO of Danisco, CEO of NKT Holding and non-executive board positions with Nordea Bank, Chr. Augustinus Fabrikker and Tivoli.
Nipper is the current CEO of the multinational power company Ørsted, which develops, constructs and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities and bioenergy plants. He brings an international background to FLSmidth including renewable energy, energy efficiency, water management and water conservation. As a member of World Economic Forum's Alliance of CEO Climate Leaders, he leads the Power Working Group. He is also co-chair of the roundtable of hydrogen production under the European Clean Hydrogen Alliance and is vice chair of the international food company Danish Crown.
