Pandora Nominates Lars Sandahl Sørensen for Board, Announces Extraordinary General Meeting in August 2025
Pandora Schedules Extraordinary General Meeting for August 2025, Nominates Lars Sandahl Sørensen for Board of Directors
Pandora, renowned as the world's largest jewellery brand, has announced it will convene an Extraordinary General Meeting (EGM) on August 14, 2025. The primary agenda is the proposed election of Lars Sandahl Sørensen to the Board of Directors. Lars Sandahl Sørensen currently serves as CEO of The Confederation of Danish Industry (DI), Denmark’s largest employer and business organisation. Prior to this, he held senior executive positions including Deputy President/CEO and COO at Scandinavian Airlines Group.
Lars Sandahl Sørensen Nominated for Board Membership
Pandora’s decision reflects confidence in Mr. Sørensen's extensive executive leadership, both nationally and internationally, particularly in complex and competitive settings. As CEO of DI, Sørensen has played a pivotal role in policy development at both Danish and European Union levels, and has a strong track record in corporate sustainability and ESG transformation.
Peter A. Ruzicka, Chair of Pandora’s Board of Directors, commented: “Lars brings a wealth of leadership experience and a strong track record of driving results. His policy influence and commitment to sustainability will be valuable assets for Pandora.”
Lars Sandahl Sørensen expressed enthusiasm about the nomination, stating, "Pandora's transformation in recent years has been impressive. If elected, I look forward to supporting Pandora’s ongoing growth, innovation, and value creation."
If elected during the EGM, Lars Sandahl Sørensen will be an independent board member.
Christian Frigast to Step Down as Deputy Chair
Deputy Chair Christian Frigast has confirmed he will not stand for re-election at the Annual General Meeting in 2026, concluding a 15-year tenure on the Board. Frigast previously played a significant role as managing partner at Axcel, the private equity firm that acquired Pandora in 2008 and led the company through its IPO in 2010.
Peter A. Ruzicka highlighted Frigast’s contribution, saying, “Christian was instrumental in Pandora’s journey to becoming the world’s largest jewellery brand. We are grateful for his dedicated service.”
Frigast commented on his decision, stating, "It has been a privilege to help shape Pandora’s strategic direction through its defining years. I am confident in the company’s future and in Lars as a new nominee."
Details of the Extraordinary General Meeting
- Date & Time: Thursday, August 14, 2025, at 8:30 a.m. CEST
- Location: Pandora A/S, Havneholmen 17-19, DK-1561 Copenhagen V, Denmark
Agenda
- Election of a new Board member (Lars Sandahl Sørensen)
- Authorisation to the meeting chair to make necessary adjustments to resolutions for registration purposes
Because of the brief agenda, there will be no catering services at this meeting.
Election Process and Participation
Shareholders will be able to participate or vote by proxy or postal vote. Attendance is based on shareholdings registered as of August 7, 2025. Admission cards, voting instructions, and further EGM documents will be available on the company website.
About Lars Sandahl Sørensen
Born in 1963, Sørensen has considerable experience leading both Danish and international organizations. In addition to DI, he chairs A/S af 6. Juni 1986, is Deputy Chair of PensionDanmark, and serves on the boards of ATP and Copenhagen Airports. He has also led sustainability and ESG initiatives, such as at SAS. Sørensen holds management, strategy, finance, and economics credentials from St. Cloud State University, Kansai Gaidai, and Stanford Graduate School of Business.
About Pandora
Pandora is globally recognized for designing, crafting, and marketing luxury jewellery. Operating in over 100 countries with 6,800 points of sale, Pandora is headquartered in Copenhagen and employs 37,000 people worldwide. The company uses exclusively recycled silver and gold and is committed to halving greenhouse gas emissions by 2030. Pandora is listed on the Nasdaq Copenhagen stock exchange, with 2024 revenue reported at DKK 31.7 billion (EUR 4.2 billion).
This content is for informational purposes only and does not constitute financial advice.
