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.

Before Marcus Halland was appointed CFO of Cavendish, he worked at Nel's fueling division as Director of Finance for four years. Prior to this Halland was Group Chief Accountant at Nel ASA in Norway, following six years as Group Chief Accountant in Align AS. Halland holds a Bachelor of Science in Business (accounting major) from Oakland University. Halland is a Norwegian citizen and resides in Norway.

Before Elsebeth Haarup Rasmussen was appointed Head of Human Resources at Cavendish, she worked at Nel's fueling division as HR Director since 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 2021, Harrup Rasmussen took 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.

Before Martin Keller was appointed Head of R&D, he worked at Nel's fueling division as Vice President Research & Development for two years, following one year as Head of Strategy & PMO. Prior to joining Nel, Keller held several management positions 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.

Before Karsten Poulsen was appointed Head of Operations at Cavendish, he worked at Nel's fueling division as Vice President Operations for four years. 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 holds a Bachelor of Science Mechanical from Aarhus Teknikum. Poulsen is a Danish citizen and resides in Denmark.

Before Michael Dahl Olsen was appointed Head of Strategy at Cavendish, he worked at Nel's fueling division as Head of Strategy & PMO since August 2022. 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.

Before Michael Ewald Stefan was appointed Head of Product Life Management (PLM) at Cavendish, he worked at Nel's fueling division as Senior Director for Product Management for four years, following three years as Director for Service, Installation and Commissioning. Prior to joining Nel, Stefan worked four years at Linde Group's main Hydrogen Fueling division at Linde Gas GmbH in Austria as Head of Serial Production for Hydrogen Fueling Stations and 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.

Before Martin Pfandl was appointed Head of Sales at Cavendish, he worked at Nel's fueling division as Head of Sales for one year. Prior to this Pfandl was Business development & Sales Director EMEA for two years, following three years as General Manager of Nel Korea Co., Ltd. Before joining Nel, Phandl held several positions at Linde Group's advanced technology center in Austria. Pfandl has almost 18 years of experience in the hydrogen fueling sector. Pfandl is an Austrian citizen and resides in Austria.

Before Peder Hykkelbjerg Hansen was appointed Head of Projects and Services at Cavendish, he worked at Nel's fueling division as Vice President for Projects & Service for half a year. Prior to joining Nel, Hykkelbjerg Hansen worked 17 years 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.

Before Søren Højgaard was appointed Head of QHSE at Cavendish, he worked at Nel's fueling division as Global Head of QHSE for a year, following one year as Global Quality Manager. Prior to joining Nel, Højgaard was from 2020 to 2023 Director of quality and production at Dynaudio A/S, a tier 1 supplier to the automotive industry, following a position 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 Aarhus. Højgaard is a Danish citizen and resides in Denmark.

Stefan Thorsteinsson joined Cavendish in July 2024 as General Counsel. Before joining Cavendish, Thorsteinsson worked two years at Nissens Cooling Solutions as Head of Legal, following seven years in Vestas Wind Systems' legal department. Prior to this he spent seven years at Kromann Reumert law firm. Thorsteinsson holds a Master of Law from Aarhus University. Thorsteinsson 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.