The Danfoss Board

Jørgen M. Clausen

Chairman of the Board of Directors

Born: 1948
Nationality: Danish
Residence: Denmark
Position: Chairman

Position with Danfoss A/S:
Chairman of the Board of Directors since 2009.
Elected to the Board of Directors in 1985.

Special competencies:
Professional experience managing a Danish-based international company and from other board memberships.

Education:
Master of Business Administration, University of Wisconsin, Madison, USA.
Bachelor of Science in Engineering, DTU (Technical University of Denmark).

Former positions:
President and CEO of Danfoss 1996-2008.
President of Danfoss Mobile Hydraulics.
Vice President of Danfoss Technology Center.

Other current positions:
Chairman of the Board of Applied Biomimetic A/S, Denmark.
Member of the Board of Fonden Universe Science Park, Denmark.
Member of the Board of miniBOOSTER Hydraulics A/S, Denmark.
Member of the Board of Blue Equity Management A/S, Denmark.
Owner of SaltPower Aps, Denmark.

Decoration:
Chamberlain title bestowed by H. M. The Queen of Denmark.
Commander of the Order of Dannebrog bestowed by H. M. The Queen of Denmark.
Verdienstkreuz erster Klasse of the Federal Republic of Germany.
The People's Republic of China Friendship Award.

Mads-Peter Clausen

Member of the Board of Directors

Born: 1976
Nationality: Danish
Position: Senior Director, Oil Free Solutions, Danfoss A/S.

Position with Danfoss A/S:
Member of the Board of Directors since 2014.

Special competencies:

Education:
Master of Business Administration, University of Georgia, USA.
Bachelor of Science in Engineering, University of Southern Denmark.

Former positions:
2011-2014: Executive Committee Consultant, Danfoss A/S, Denmark.
2007-2010: Vice President, Danfoss Appliance Controls.
2002-2007: Various management positions at Danfoss A/S, Denmark.

Other current positions:
Member of the Board of miniBOOSTER A/S, Denmark.

Per Falholt

Member of the Board of Directors

Born: 1958
Nationality: Danish
Residence: Denmark
Position: Founder of Per Falholt Global R&D Advisory Services A/S

Position with Danfoss A/S:
Member of the Board of Directors since 2017.
Considered independent board member.

Special competencies:

Education:
IMD (International Institute for Management Development), Special Project, Lecturer.
IMD, Business programs.
Novo Nordisk Executive leadership program.
MSc Chemical Engineering, Technical University of Denmark (DTU).

Former positions:
2016-2018: Chairman for ATV Science and Engineering project, Denmark.
2017-2018: Program Manager, LIFE-project, Novo Nordisk Foundation.
2011-2018: Member of Executive Board and Vice Chairman in DHI, Denmark.
2016-2017: Consultant, Biotechnology and strategic R&D, Novozymes, Denmark.
2000-2016: Executive Vice President and Global Manager, Novozymes R&D, Denmark.
1998-2000: Senior Vice President, Enzyme Development and Application, Novo Nordisk.
2010-2015: Honorable Professor at Systems Biology, Technical University of Denmark (DTU).
2011-2013: Member of Danish Research Political Council, Danish Government.

Other current positions:
2013 - Chairman of the Board of Governors, Technical University of Denmark (DTU).
2016 - Board member in Cytovac A/S, Denmark.
2016 - Scientific Consultant, Corbion, the Netherlands.
2017 - Chairman of the Board of Directors, Universe Science Park, Denmark.
2017 - Chairman of the Board of Directors, Medical Cannabis Association Denmark.
2018 - Strategy consultant at the Novo Nordisk foundation.
2019 - Chairman of the Board of DHI Foundation.

Connie Hedegaard

Member of the Board of Directors

Born: 1960
Nationality: Danish
Residence: Denmark
Position: Chairman of the Board of KR Foundation and CONCITO

Position with Danfoss A/S:
Member of the Board of Directors since 2016.
Considered independent board member.

Special competencies:

Education:
MSc in history and comparative literature.

Former positions:
2010-2014: EU Climate Commissioner.
2004-2009: Danish Minister for Environment and Minister for Climate and Energy.

Other current positions:
Chairman of the Board of the sustainability foundation, KR Foundation.
Chairman of the Board of the green think tank, CONCITO.
Chairman of OECD’s Round Table on Sustainable Development.
Chairman Berlingske Media (part of de Persgroup).
Member of the Board of Aarhus University, Denmark.
Member of the Board of NORDEX.
Member of Volkswagen's Sustainability Board.

William Erwin Hoover Jr.

Member of the Board of Directors and Chairman of the Audit Committee

Born: 1949
Nationality: American
Residence: Denmark
Position: Director

Position with Danfoss A/S:
Member of the Board of Directors since 2007.
Considered independent board member.

Special competencies:
Professional experience with supply chain, performance transformation, organizational changes and mergers and acquisitions.

Education:
Master of Business Administration, Harvard University.

Former positions:
30 years with McKinsey and Co.

Other current positions:
Chairman of the Board of ReD Associates Holding A/S, Denmark.
Deputy Chairman of the Board of GN Store Nord A/S (Great Nordic), Denmark.
Member of the Board of Lego Foundation, Denmark.
Member of the Board of Specialist People Foundation.
Member of the Board of Neopost A/S, Denmark.

Jürgen Reinert

Member of the Board of Directors

Born: 1968
Nationality: German
Residence: Germany
Position: CEO (Chief Executive Officer), SMA Technology AG

Position with Danfoss A/S:
Member of the Board of Directors since 2015.
Considered independent board member.

Special competencies:
International experience with executive management and business administration as well as strong strategic, organizational and communicative skills. Expert within electrical engineering (Drives, Electric Vehicles, Renewable Energy) and science and extensive knowledge from other board positions.

Education:
Doctorate in Electrical Engineering, Aachen University of Technology, Germany.
Master of Science in Engineering, University of Pretoria, South Africa.
Bachelor of Science in Engineering, University of Pretoria, South Africa.

Former positions:
2000-2011: Managerial positions with Emotron, Sweden.

Other current positions:
Member of the Board of Kraftelektronik AB, Sweden.

Mika Vehviläinen

Member of the Board of Directors

Born: 1961
Nationality: Finnish
Residence: Finland
Position: President and CEO in Cargotec since 2013

Position with Danfoss A/S:

Member of the Board of Directors since 2018.
Considered independent board member.

Special competencies:

Professional experience with performance transformation, organizational changes, mergers and acquisitions and Internet of Things (IoT).

Education:
Advanced Management Program (APM) Harvard Business School, 1998

MSc.(Economics) Helsinki School of Economics, 1984

Former positions:
2009-2013: President and CEO in Finnair PLC
2007-2009: Chief Operating Officer (COO) in Nokia Siemens Networks
2005-2006: Senior Vice President and General Manager in Nokia

Other current positions:
Chairman of the Innovation and Competence development for Artificial Intelligence, Ministry of Trade and Industry, Finland

Sandra Nørgaard Bertelsen

Member of the Board of Directors

Born: 1982
Nationality: Danish
Residence: Denmark
Position: HR Director, HR Operations NER, Danfoss A/S, Denmark

Position with Danfoss A/S:
Employee-elected member of the Board of Directors since 2014.

Special competencies:
Master of Laws, Aarhus University, Denmark.
Bachelor of Laws, Aarhus University, Denmark.

Marianne Godballe

Member of the Board of Directors

Born: 1984
Nationality: Danish
Residence: Denmark
Position: Senior Design Technician and shop Steward, Danfoss A/S Industrial Automation, Nordborg, Denmark

Position with Danfoss A/S:
Employee-elected member of the Board of Directors since 2018

Special competencies:
Technical Designer.
Graduate Diploma in Business Administration (Supply Chain Management).
Experience from other board memberships.

Other current positions:

Member of the Board of Danfoss Employee Foundation, Denmark.
Chairman of ”TL-klubben”, Danfoss A/S SydDanmark.
Local President 2018, of Junior Chamber International, Sønderborg, Denmark.

Lars Grau

Member of the Board of Directors

Born: 1963
Nationality: Danish
Residence: Denmark
Position: Shop Steward and skilled worker at Danfoss Nordborg, Denmark

Position with Danfoss A/S:
Employee-elected member of the Board of Directors since 2014

Special competencies:
Electrician.
Experience from other board memberships.

Other current positions:
Member of the Board of Danish El Federal in South Jutland, Denmark.

Jens Peter Rosendahl Nielsen

Member of the Board of Directors

Born: 1957
Nationality: Danish
Residence: Denmark
Position: Senior Shop Steward at Danfoss Kolding, Denmark

Position with Danfoss A/S:
Employee-elected member of the Board of Directors since 2006.

Special competencies:
Machinist.
Cooperation courses and experience from other board memberships.

Other current positions:
Chairman of the Board of Danfoss Employee Foundation, Denmark.
Member of the Board of Metal Kolding and LO-Kolding, Denmark.