Executive Board

CEO Frank Gad
Born 1960, MSc in Economics and Business Administration
Frederiksberg
Salary in 2016: DKK 3.9 million and a car.
Share-based salary in 2016: DKK 0*

Frank Gad took up his position in November 2004 and is also CEO of SP Moulding A/S and chairman of the Board of Directors of the most significant subsidiaries of SP Group.

Previous employment: CEO of FLSmidth (1999-2004), President of Mærsk Container Industi A/S (1996-1999) and employment at Odense Staalskibsværft (1985-1999). Executive Vice President at the time of resignation.

External positions: Director of Frank Gad ApS, Gadplast ApS and Gadmol ApS.

Shares in SP Group: 89,966 Personally owned (0) and 277,273 (-11,000) numbers numbers through own company, 3,990 (0) numbers owned by related parties.

*Assessed according to the Black Scholes formula at the grant date.

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CFO Jørgen Hønnerup Nielsen
Born in 1956, Graduate Diploma in Business Administration.
Odense
Salary in 2016: DKK 1.6 million and a car.
Share-based salary in 2016: DKK 0.

Jørgen Hønnerup Nielsen was employed in Tinby in 1987 and has been employed in SP Group since 2002. Jørgen Nielsen was admitted as member of the Group Executive Board at 1 March 2007.

Previous employment: Rasm. Holbeck og Søn A/S 1985-87, Revisionsfirmaet Knud E. Rasmussen 1978-85.

External positions: None

Shares in SP Group: 26,695 personally owned (-505).

*Assessed according to the Black Scholes formula at the grant date.

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