Danish mining equipment company FLSmidth has announced proposed changes to its board, with Lene Skole nominated as a new board member with the intention of assuming the chairmanship.
This was revealed in a press release.
In recent years, FLSmidth has undergone a strategic transformation, including the sale of its traditional cement business, a move that required significant and specific resources within the board. However, the company states that the board's focus going forward will be different. FLSmidth is now a smaller and more focused company, which should also be reflected in the board's composition and priorities.
As a result, the board is proposing to reduce the number of shareholder-elected board members, and consequently, Chairman Mads Nipper, Vice Chairman Christian Bruch, and board member Thrasyvoulos Moraitis have decided not to stand for re-election at the annual general meeting on March 24.
Anne-Louise Eberhard, Anna Kristiina Hyvönen, Lars Engström, and Rune Wichmann will all stand for re-election, with Rune Wichmann proposed as vice chairman. The employee-elected board members Saleh Kamal, Nour Amrani, and Henrik Jørgensen will continue their current terms until 2029.
Lene is described as an experienced board professional with significant financial and strategic expertise, as well as a longstanding connection to FLSmidth.
Christian Bruch is a businessperson who has been at the helm of 6 different companies. Presently, Dr. Bruch is President & Chief Executive Officer for Siemens Energy AG, Managing Director at Servicegesellschaft Für Elektrik Und Mechanik GmbH, Chief Executive Officer at Linde Engineering and President & Chief Executive Officer of Siemens Energy Management GmbH. Christian Bruch is also on the board of Lenzing AG, Semperit Holding AG and Linde Engineering North America LLC and CEO-Gas & Power Operating at Siemens AG.
Dr. Bruch previously was Chief Executive Officer-Linde Engineering & EVP at Linde Plc Co-Managing Director at Linde Holding GmbH and Member-Executive Board at Linde GmbH (both are subsidiaries of Linde Plc) and Head of Research at RWE Fuel Cells GmbH.
Christian Bruch received a doctorate from Swiss Federal Institute of Technology, an undergraduate degree from the University of Hannover and a graduate degree from the University of Strathclyde.
FLSmidth & Co. A/S specializes in engineering and construction services for production facilities and equipment intended for the mining industry. Net sales (not including sold divisions) break down by activity as follows:
- sales of industrial plants and equipment (41.5%): cement plants, electrical power plants, control and cleaning systems, handling equipment, boilers, conveyers, pumps, etc.;
- other (58.5%): sales of spare parts, maintenance and training services, etc.
Net sales (not including sold divisions) are distributed geographically as follows: Denmark (0.1%), Europe/Middle East/Africa (17.8%), Latin America (28.7%), North America (26.1%), Asia/Pacific (16.4%) and Australia (10.9%).
In October 2025, the Group sold the cement business.
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