Governance

Robert Borin has many years of experience in the green energy business. Before he was appointed as CEO at Cavendish Hydrogen, Borin held a position as Senior Vice President for Nel Fueling for three years. Borin has also held several other senior management positions in MHI Vestas Offshore Wind A/S and Siemens Gamesa Renewable Energy A/S. From 2016 to 2021, Borin was Chief Supply Chain Officer, Senior Vice President, and member of the management team for MHI Vestas Offshore Wind A/S. Borin holds a Master of Science in Mechanical Engineering and Industrial Management from KTH Stockholm. Borin is a Swedish citizen and resides in Denmark.

Marcus Halland joined Nel as Group Chief Accountant in the fall of 2017 following six years as a Group Chief Accountant in Align AS. Halland also has experience as an Audit Manager in KPMG Norway. In April 2020, Halland transferred to Nel's fueling division as Director of Finance, having responsibility for finance for the division and being part of the divisional leadership team. Halland holds a Bachelor of Science in Business (accounting major) from Oakland University. Halland is a Norwegian citizen and resides in Norway.

Elsebeth Haarup Rasmussen joined Nel as HR Director for Nel's fueling division in February 2022. Prior to joining Nel, Haarup Rasmussen held different HR professional roles at Vestas Wind Systems A/S from 2008 to 2014 and in MHI Vestas Offshore Wind A/S from 2014 to 2021, with the responsibility for the HR Business Partner area. In January 2021, Harrup Rasmussen took up the role as P&C Director for the HR Business Partner team in the NCE region in Vestas Wind Systems A/S. Haarup Rasmussen holds a Master of Arts in Corporate Communication from Aarhus University. Haarup Rasmussen is a Danish citizen and resides in Denmark.

Martin Keller was appointed Vice President for the Research & Development department in June 2022. One year prior to that, Keller joined Nel's fueling devision as the Head of Strategy & PMO. Keller held several management positions prior to joining Nel at, among others, Harman International Industries and Siemens Gamesa Renewable Energy A/S, where the work areas were primarily related to product development. Keller holds a Master of Science in International Technology Management from Aalborg University in Denmark. Keller is a Danish citizen and resides in Denmark.

Karsten Poulsen joined H2 Logic A/S, later Nel, as Production Director in 2008, following eight years as Project Manager at Grundfos Holding A/S' Technology Centre. Poulsen has been a part of the management group of Nel's fueling division since 2008 and was appointed Vice President Operations of Nel’s fueling division in March 2020. Poulsen holds a Bachelor of Science Mechanical from Aarhus Teknikum. Poulsen is a Danish citizen and resides in Denmark.

Michael Dahl Olsen was appointed Head of Strategy & PMO in August 2022, being a part of the divisional leadership team. Prior to joining Nel, Dahl Olsen held management positions at MHI Vestas Offshore A/S and Vestas Wind Systems A/S, where the work areas were primarily related to Supply Chain Management. Dahl Olsen holds a Bachelor of Engineering in Global Management & Manufacturing from Aarhus University and Graduate Diploma in Business Administration from Aarhus Business School. Dahl Olsen is a Danish citizen and resides in Denmark.

Michael Stefan joined Nel Hydrogen A/S in January 2017 as Director for Service, Installation and Commissioning. In April 2020, Stefan took over the function of Senior Director for Product Management in Nel Hydrogen A/S. Prior to joining Nel, Stefan held several Management Positions at the Linde Group's main Hydrogen Fueling division at Linde Gas GmbH, located in Austria, from 2012 to 2016, as Head of Serial Production for Hydrogen Fueling Stations as well as Head of Production and Production Engineering. Stefan holds a Master of Science in Industrial Engineering with focus on Technical Product Management from University of Applied Sciences Wiener Neustadt. Stefan is citizen of Austria and resides in Austria.

Martin Anton Pfandl joined Nel Hydrogen A/S as Sales and Business Development Manager in October 2017 following 11 years in various positions at the Linde Group’s advanced technology center in Austria. During the period from October 2018 to December 2021, Pfandl acted as General Manager of Nel Korea Co., Ltd. Since April 2023, Pfandl is heading the global sales department of Nel's fueling division. Pfandl has almost 18 years of experience in the hydrogen fueling sector. Pfandl is an Austrian citizen and resides in Austria.

Peder Hykkelbjerg Hansen was appointed as Vice President for Projects & Service for Nel's fueling division in January 2024. Before joining Nel, Hykkelbjerg Hansen had a 17 year carrier with Siemens Gamesa Renewable Energy A/S with management positions within Projects and Service. Hykkelbjerg Hansen holds a Bachelor within Production Engineering from University of Southern Denmark in Odense. Hykkelbjerg Hansen is a Danish citizen. and resides in Denmark.

Søren Højgaard joined Nel's fueling division as Global Quality Manager in February 2022, before taking on the current position as the Global Head of QHSE in April 2023. Prior to joining Nel, Højgaard held positions as director of quality and production at Dynaudio A/S, a tier 1 supplier to the automotive industry from 2020 to 2023, as well as project, production and quality manager at Grundfos Holding A/S from 2011 to 2020. Højgaard holds a Bachelor of Science in Electrical and business engineering from the Engineering collage of Århus. Højgaard is a Danish citizen and resides in Denmark.

Jon André Løkke currently holds various board positions, manages private investments and serves as an industrial advisor for Verdane Capital's decarbonization investments (Verdane is a specialist growth investment firm that partners with tech-enabled and sustainable European businesses). From 2015 to 2022, he served as the CEO for Nel and from 2012 to 2015 he was the CEO for Norsk Titanum AS. Prior, he held multiple positions in Renewable Energy Corporation (REC Group) in the period from 2002 to 2012, including roles as the company’s CFO, head of Sales & Marketing as well as operational roles. Additionally, Løkke has extensive board experience, currently holding position as chair of the board in Bergen Carbon Solutions ASA and in Tunable AS. Løkke has previously held positions as board member (chair) in Hydrogen Europe, Viken Hydrogen AS and Green H2 Lillestrøm AS, and several Nel subsidiaries, including Nel Hydrogen A/S and Nel Hydrogen Inc. Løkke holds an International Masters of Business and Administration from Glasgow University, and a bachelor's degree in Business and Economics from Southampton University. Løkke is a Norwegian citizen and resides in Norway.

Mimi Kristine Berdal currently works with independent investment and corporate consulting. Berdal has broad experience as board member, having served as board member in several companies the past 20 years. Berdal is presently chair of the board in Goodtech ASA and Connect Bus AS and board member in Norsk Titanium AS, Thor Medical ASA, EMGS ASA, KLP Eiendom AS and Kongsberg Digital Holding ASA where Berdal also hold position as chair of the audit committee. Additionally, Berdal has professional experience as legal advisor in Total Norge AS (1988-1990), and has held the position as partner in Arntzen de Besche law firm, Oslo (1996-2005). Berdal holds a master's degree in law from the University of Oslo and is a Norwegian citizen and resides in Norway.

Vibeke Strømme has experience as CEO, board member and executive advisor in several companies. Strømme has served as board member in Goodtech ASA, a position she held from 2016 to 2024, and has additionally served as board member in, inter alia, Multiconsult ASA and Revus Energy ASA. Strømme is an experienced CEO and held position as CEO in Kiwa Norge AS from 2013-2021 and Nettpartner AS from 2022-2023, among others. Strømme holds a master’s degree in petroleum engineering from the Norwegian University of Science and Technology and a master of business administration from The International Institute for Management Development (IMD) in Swiss city of Lausanne. Strømme is a Norwegian citizen and resides in Norway.

Allan Bødskov Andersen has years of CFO experience, and currently serves as CFO in Topsoe A/S. Andersen has previously held the position as Group CFO in DLF from 2022 to 2023 and as Senior Vice President, CFO Onshore & Head of Investor Relations in Ørsted from 2020 to 2022. Prior to this, Andersen was Senior Vice President, Head of Group Treasury & Risk Management in DONG Energy. Andersen holds a Master's degree in Economics and Econometrics from the University of Southampton and a PhD in Finance from Aarhus University. Andersen is a Danish citizen and resides in Denmark.

Kim Søgård Kristensen is currently CEO at Evida Holding A/S, a national gas distribution company in Denmark. Prior to this, Kristensen held position as CEO in Insero Horsens from 2018 to 2022. Kristensen additionally has extensive experience from TDC A/S, a Danish telecommunications company, where he inter alia served as CFO in TDC Finance from 2005 to 2007, Vice President (Business development) from 2007 to 2008, Senior Vice President from 2008 to 2010, Executive Vice President from 2011 to 2013, Chief Technology Officer from 2013 to 2015 and Executive Vice President from 2016 to 2018. Kristensen has a master's degree in economics from Aarhus University in Denmark and has additionally studied organizational Leadership at Harvard Business School. Kristensen is a Danish citizen and resides in Denmark.