Management & Board of Directors
At Danish Ship Finance, we distinguish between the Executive Management and the Board of Directors. Therefore, the Members of our Executive Management cannot be members of the Board of Directors. This two-tier structure is established to prevent dual memberships.
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The Board of Directors defines the principles of Danish Ship Finance’s operations, while the Executive Management is responsible for the day-to-day management.
The Board of Directors at Danish Ship Finance has eleven members. Seven of these are elected by the shareholders at the general meeting, and four are elected by the employees at Danish Ship Finance.
Executive Management
CEO
Kristian Skovmand
Appointed CEO on 1 October 2025, employed since 2025.
CFO
Lars Jebjerg
Appointed as a member of the Executive Management on 22 May 2018, employed since 2018.
Executive Vice President, Head of Credit
Flemming Møller
Appointed as Executive Vice President on 1 January 2018, employed since 2012.
Board of Directors
Chairman
Eivind Kolding
Chairman of the Remuneration Committee
Date of birth: 16 November 1959
Nationality: Danish
Considered to be an independent board member
Elected to the Board of Directors on 15 November 2016
Competencies:
Broad knowledge of shipping and the maritime industry, macroeconomics, banking, credit, insurance and finance, financial risk management, regulation and general management of international business.
Vice Chairman
PETER NYEGAARD
Chairman of the Audit Committee
Date of birth: 16th May 1963
Nationality: Danish
Considered to be an independent board member
Elected to the Board of Directors on 15 November 2016
Competencies:
Broad knowledge of banking, finance, financial risk management, management of international companies, M&A, restructuring, operational efficiency and value proposition strategies.
Vice Chairman
Ahmed Omar
Member of the Audit Committee
Date of birth: 6th October 1986
Nationality: Egyptian
Considered to be a dependent board member
Elected to the Board of Directors on 11 July 2024
Competencies:
Broad knowledge of banking, credit, capital markets, investment, M&A, restructuring, shipping and the maritime industry.
Member
Christian Frigast
Member of the Remuneration Committee
Date of birth: 23 November 1951
Nationality: Danish
Considered to be an independent board member
Elected to the Board of Directors on 15 November 2016
Competencies:
Broad knowledge of banking, finance, financial risk management, management of international companies, M&A, restructuring, operational efficiency and value proposition strategies.
Member
Jacob Meldgaard
Member of the Remuneration Committee
Date of birth: 24 June 1968
Nationality: Danish
Considered to be an independent board member
Elected to the Board of Directors on 16 June 2017
Competencies:
Broad experience concerning shipping and the maritime industry, management, investment, finance and restructuring of operations.
Member
OMAR ELALI
Member of the Remuneration Committee
Date of birth: 3rd February 1997
Nationality: Swedish
Considered to be a dependent board member
Elected to the Board of Directors on 11 July 2024
Competencies:
Broad knowledge of strategy, management, investment, finance, shipping and the maritime industry.
Member
Thor Jørgen Guttormsen
Member of the Remuneration Committee
Date of birth: 5 January 1949
Nationality: Norwegian
Considered to be an independent board member
Elected to the Board of Directors on 16 June 2017
Competencies:
Broad knowledge of shipping and the maritime industry, management, investment, finance and restructuring of operations.
Member
Christopher Rex
Employee representative – Head of Sustainability & Research
Date of birth: 28 January 1979
Nationality: Danish
Elected to the Board of Directors on 29 March 2012
Competencies:
Broad knowledge of macroeconomics, financial risk management, international shipping, digitalisation and decarbonisation through his position as Head of Sustainability & Research of Danish Ship Finance A/S.
Member
Marcus Freuchen Christensen
Employee representative – Senior Client Executive
Date of birth: 20 November 1979
Nationality: Danish
Elected to the Board of Directors on 1 October 2021
Competencies:
Broad knowledge of the international banking and shipping markets, credit and ship finance.
Member
ANDREAS HERTZ-POULSEN
Employee representative – Head of Risk Management & Trade Services
Date of birth: 20 May 1986
Nationality: Danish
Elected to the Board of Directors on 19 March 2024
Competencies:
Broad knowledge of financial risk management including market risk, liquidity risk and operational risk, internal processes and process optimization as well as financial regulation of these areas through his position as Head of Risk Management & Trade Services.
Member
Henriette Søgaard Fabricius
Employee representative – Senior Loan Manager
Date of birth: 22 March 1968
Nationality: Danish
Elected to the Board of Directors on 19 March 2024
Competencies:
Broad knowledge of ship finance, credit, client administration, internal processes, and operational management through her position as Senior Loan Manager.
Audit committee
Danish Ship Finance has established an Audit Committee consisting of members of the Board of Directors. The Audit Committee consists of Peter Nyegaard (Chairman) and Ahmed Omar.
The Audit Committee is a preparatory and monitoring body. The committee holds three annual ordinary meetings, of which two meetings are taking place prior to the presentation of the annual and biannual reports. The audit committee reports to the Board of Directors, and the duties are defined to assist the Board of Directors in:
- Monitoring the financial reporting process
- Monitoring the efficiency of the company’s internal control system and risk management systems
- Monitoring the audit of the annual report
- Monitoring and verifying the independence of the auditors
Read the Audit Committee’s terms of reference (in Danish) here: The Audit Committee’s terms of reference
Remuneration committee
The Remuneration Committee consists of members of the Board of Directors and undertakes preparatory work and assists the Board of Directors in matters related to remuneration of the Board of Directors, the Executive Board, material risk takers and other employees.
The Remuneration Committee monitors trends in remuneration in general. Furthermore, it ensures that the incentive programmes are designed to create sustained and long-term value in compliance with the remuneration policy.
The Remuneration Committee consists of Eivind Kolding (Chairman), Christian Frigast, Thor Jørgen Guttormsen, Jacob Meldgaard and Omar Elali.
The Remuneration Committee holds ordinary meetings twice a year and reports to the Board of Directors. Minutes of the Committee’s meetings are discussed at the first ordinary board meeting after the Remuneration Committee’s meeting.
Read the Remuneration Committee’s terms of reference (in Danish) here: The Remuneration Committee’s terms of reference