COMPANY ANNOUNCEMENT NO. 13-2024
20 December 2024, Copenhagen, Denmark
The FLSmidth & Co. A/S Board of Directors announces the following proposed changes to the Board ahead of the Annual General Meeting on 2 April 2025:
Current Vice Chair, Mads Nipper, is proposed to be elected as Chair of the Board, succeeding the current Chair, Tom Knutzen, who has decided to not seek re-electionChristian Bruch is proposed elected as a new member of the Board and assume the role of Vice ChairRune Wichmann and Lars Engström are proposed elected as a new members of the BoardDaniel Reimann will not seek re-election to the Board
Following a 12-year tenure, Tom Knutzen has decided to step down as Chair of the Board and not seek re-election. After joining the Board as a member in 2012, Tom Knutzen was elected Vice Chair in 2017 and Chair in 2022. During his tenure, Tom Knutzen has overseen a significant company-wide transformation, including; completion of the acquisition and integration of thyssenkrupp’s mining business; creation of pure play strategies for the Mining and Cement businesses with enhanced strategic focus on services and core technologies; carve out and ongoing exit of all non-core mining activities; as well as the announced intention to explore divestment of the Cement business.
Succeeding Tom Knutzen, the Board recommends the election of Mads Nipper, who has been a member of the Board since 2022 and serves as the current Vice Chair. Mads Nipper has an extensive experience within management of global companies as well as the personal qualifications required to be Chair. Mads Nipper currently serves as CEO of the multinational renewable energy company Ørsted in Denmark and previously served as CEO of Grundfos and CMO at Lego.
Daniel Reimann, who was elected to the Board in 2023, will not seek re-election at
