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Read more about About Royal Greenland

Corporate structure & governance

"Royal Greenland is a network of locations, cultures and functions – together we maximize the commercial value of seafood from the North Atlantic" Mikael Thinghuus, CEO

Royal Greenland is a large and complex organisation with subsidiaries in a number of countries around the world. In this section, you can learn more about the Royal Greenland Group.

Executive Board

Mikael Thinghuus
CEO
Nils Duus Kinnerup
EVP & CFO
Bruno Olesen
EVP, Sales & Marketing
Lars Nielsen
EVP, Production
Jens K. Lyberth
Director, Corporate Relations

Executive Board compensation

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In addition to the fixed pay, the Group Executive Board can earn a performance-based bonus.

In 2019, CEO Mikael Thinghuus received a bonus of DKK 1.86 million concerning 2018, equivalent to fulfilment of the objectives at 65%. The total remuneration thus amounted to DKK 6.33 million.

The Executive Board members also receive a free company vehicle, telephone, Internet and newspaper subscription. The Executive Board do not have any pension, severance or retention schemes.

CEO Mikael Thinghuus and Group Production Director Lars Nielsen are subject to 18 months’ notice of termination by the company, and must themselves give six months’ notice of termination. CFO Nils Duus Kinnerup and Group Sales and Marketing Director Bruno Olesen are subject to 12 months’ notice of termination by the company, and must themselves give six months’ notice of termination.

Articles of association

Below, the current Articles of Association of the parent company Royal Greenland A/S are presented.

Articles of association of Royal Greenland A/S

Ownership and associated companies

Royal Greenland is a limited liability company and 100 % of its shares are owned by the Greenlandic Government. Below is a summary of the companies owned or partly owned by the parent company, Royal Greenland A/S.

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Supervisory Board

Niels Harald de Coninck-Smith
Chairman
Jan H. Lynge-Pedersen
Deputy Chairman
Pernille Fabricius
Board member
Niels Smedegaard
Board member
Tina Lynge Schmidt
Board member
Kristine Winberg
Board member
Malik Hegelund Olsen
Board member*
Niels Ole Møller
Board member*
Mika Heilmann
Board member*

* Members elected by the employees

The total remuneration to the company’s board of directors amounted to DKK 2.2 million in 2019.

See also

Read more about Facts & Figures
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