Our management


We have a diverse senior management group made up of people with international backgrounds and solid leadership experience, and they draw on expertise from a wide range of industries on the markets, where Danske Bank is present.

Thomas F. Borgen

CEO

Member of the Executive Board

Jacob Aarup-Andersen

CFO

Member of the Executive Board

Tonny Thierry Andersen

Head of Wealth Management

Member of the Executive Board

Jesper Nielsen

Head of Personal Banking

Member of the Executive Board

Lars Mørch

Head of Business Banking

Member of the Executive Board

Glenn Söderholm

Head of Corporates & Institutions

Member of the Executive Board

Jim Ditmore

Head of Group IT and Operations

Member of the Executive Board

Gilbert Kohnke

Head of Group Risk

Member of the Executive Board

Jeanette Fangel Løgstrup

Head of Group Marketing & Communications

Henriette Fenger Ellekrog

Head of Group HR                                                     

How we're organised

Remuneration

Our Remuneration Policy reflects the objectives of good corporate governance and sustained, long-term value creation for shareholders. In the remuneration report, we describe the principles for remuneration in Danske Bank and publish variable pay for material risk takers.

The full remuneration of the members of the Executive Board depends on Danske Bank's performance, while the Board of Directors' remuneration is fixed. 

  • 20. mar 2017Remuneration Policy
  • 09. mar 2017Remuneration Report 2016
  • 10. mar 2015Guidelines for performance-based pay
  • 02. feb 2017Remuneration of management 2016

Ole Andersen

Chairman

See CV Elected by the annual general meeting in 2010. Chairman of the Remuneration and Nomination Committees, member of the Risk Committee.

Urban Bäckström

Vice Chairman

See CV Elected by the AGM in 2012. Member of the Nomination Committee.

Lars-Erik Brenøe

Board member

See CV Elected by the AGM in 2016. Member of the Nomination Committee.

Kirsten Ebbe Brich

Board member

See CV Elected by the employees in 2014.

Carsten Eilertsen 

Board member

See CV Elected by the employees in 2010.

Charlotte Hoffmann

Board member

See CV Elected by the employees in 2006. Member of the Remuneration Committee.

Jørn P. Jensen

Board member

See CV Elected by the AGM in 2012. Chairman of the Audit Committee.

Steen Lund Olsen

Board member

See CV Elected by the employees in 2014.

Rolv Erik Ryssdal

Board member

See CV Elected by the AGM in 2014. Member of the Remuneration Committee.

Carol Sergeant

Board member

See CV Elected by the AGM in 2013, chairman of the Risk Committee. Member of the Audit Committee.

Hilde Tonne

Board member

See CV Elected by the AGM in 2016. Member of the Audit and Remuneration Committees.

Martin Folke Tivéus

Board member

See CV

Elected by the AGM in 2017. Member of the Risk Committee.

Committees

The Board of Directors has set up four committees to supervise specific areas or prepare cases for consideration by the full Board. 
  • Risk

    The Risk Committee operates as a preparatory committee for the Board of Directors with respect to Danske Bank’s risk management and related matters. The committee advises the Board of Directors on Danske Bank’s risk profile, risk culture, risk appetite, risk strategy and risk management framework.

    Members: Carol Sergeant, Ole Andersen and Martin Tivéus.

    Read the committee's charter

     The Risk Committee met 7 times in 2016
     Member Meetings attended in 2016
     Ole Andersen 7
     Carol Sergeant 7
     Urban Bäckström 7 

     


  • Audit

    The Audit Committee operates as a preparatory committee for the Board of Directors with respect to Danske Bank’s accounting and auditing matters, including related risk matters. This also includes issues that the Board, the Committee itself, the Chief Audit Executive or the external auditor believe require preparatory work before being brought to the full Board.

    Members: Jørn P. Jensen, Carol Sergeant and Hilde Tonne.

    Read the committee's charter

     The Audit Committee met 9 times in 2016
     Member Meetings attended in 2016
     Jørn P. Jensen 9
     Carol Sergeant 9
     Lars-Erik Brenøe 7 (joined the committee in 2016)
     Trond Westlie 1 (left the committee in 2016)
  • Remuneration

    The Remuneration Committee operates as a preparatory committee for the Board of Directors with respect to matters concerning remuneration with focus on the remuneration of members of the Board of Directors, the Executive Board, material risk takers, key employees and executives in charge of control and internal audit functions, and on incentive programmes. The Remuneration Committee monitors trends in the Group's salary and bonus policies and practices. It monitors the incentive programmes to ensure that they promote ongoing, long-term shareholder value creation as well as compliance with the Remuneration Policy. 

    Members: Ole Andersen, Charlotte Hoffmann, Rolv Erik Ryssdal and Hilde Tonne

    Read the committee's charter

     The Remuneration Committee met 6 times in 2016
     Member Meetings attended in 2016
     Ole Andersen6
     Charlotte Hoffmann6
     Hilde Tonne 3 (joined the committee in 2016)
     Rolv Erik Ryssdal 4 (joined the committee in 2016) 
  • Nomination

    The Nomination Committee operates as a preparatory committee for the Board of Directors with respect to the nomination and appointment of candidates to the Executive Board and to the Board of Directors and evaluation of the work and performance of the Executive Board, the Board of Directors and the individual members of the Board of Directors.

    The committee also submits proposals to the Board of Directors on policies for succession planning as well as diversity and inclusion.

    Members: Ole Andersen, Lars-Erik Brenøe and Urban Bäckström.

    Read the committee's charter

     The Nomination Committee met 3 times in 2016
     Member Meetings attended in 2016
     Ole Andersen3
     Urban Bäckström3
     Trond Westlie3

Board of Directors 2016 meetings 

The Board of Directors met 16 times in 2016

 Member

Meetings attended in 2016

 Ole Andersen16
 Trond Ø. Westlie14
Lars-Erik Brenøe12 (joined the Board of Directors in 2016)
Kirsten Ebbe Brich16
Urban Bäckström14
Carsten Eilertsen14
Charlotte Hoffmann15
 Jørn P. Jensen16
 Steen Lund Olsen16
Rolv Erik Ryssdal14
 Carol Sergeant14
 Hilde Tonne14 (joined the Board of Directors in 2016)

Nomination and election of the Board of Directors

Members elected by the general meeting
Members elected by the employees
Members elected by the general meeting

Board of Directors elected by the general meeting are elected for one-year terms, but may be re-elected several times. Directors must resign at the first annual general meeting held after they have attained the age of 70, at the latest.

A special committee considers candidates for nomination to the Board proposed by for instance shareholders, members of the Executive Board and the Board of Directors. This committee recommends candidates to the Board of Directors.

Shareholders may propose other candidates by submitting a proposal for inclusion on the agenda or by proposing a candidate at the general meeting.

Members elected by the employees

Employee representatives have the same rights, duties and responsibilities as the other board members. They come from various areas and functions in Danske Bank, and they can help to foster an atmosphere of trust between staff and management.

All employees working in Denmark, except members of the Executive Board, are eligible to serve as employee representatives.

The collective labour agreement to which Danske Bank subject in Denmark gives employee representatives special protection against dismissal from their positions.

According to Danish law, employee representatives serve on a company board of directors for four-year terms and are elected separately by company employees.