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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 salary, the Group Executive Management can earn a performance-based bonus.

The maximum bonus available to the CEO in 2018 was DKK 2.87 million. The fulfilment of targets for the year was 65%, and thus a bonus of DKK 1.86 million was paid. Total compensation to the CEO thus amounted to DKK 6.33 million.

In 2017, the maximum bonus available was DKK 2.79 million, and the fulfilment rate was 50%, resulting in a bonus payment of DKK 1.40 million. Total compensation thus amounted to DKK 5.74 million.

The CEO also receives a free company vehicle, telephone, internet and newspaper subscription.

The CEO does not receive any pension contributions, and there is no severance scheme or retention scheme.

The company must give the CEO 18 months’ notice of termination, and the CEO must provide 6 months’ notice of resignation.

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
Krissie Berthelsen 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 2018.

See also

Read more about Facts & Figures
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