Torsten Erik Rasmussen
Born: 29 June 1944
Nationality: Danish
Resident: Denmark
Position: Managing Director (CEO), Morgan Management ApS (Denmark) 1997 –.
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Position with Vestas Wind Systems A/S
Deputy chairman of the company since 2006. Elected to the Board of Directors in January 1998 and re-elected for subsequent terms, most recently in 2011. Term of office expires in 2012.
Mr Rasmussen does not meet the definition of independence as set out by the Danish Corporate Governance Committee as he has been a member of the Board of Directors for more than 12 years.
Elected by the Board of Directors as member of the Nomination & Compensation Committee and the Manufacturing & Excellence Committee.
Shareholding
Vestas shareholding as per 31 December 2011: 7,837 shares.
Competencies
| Education: | ||
| 1961–1964 | Commercial education, Dalhoff Larsen & Horneman A/S (Denmark) | |
| 1964–1966 | Military service, Royal Danish Life Guards (Denmark) and discharged as First lieutenant (R) 1967 | |
| 1972 | MBA, IMEDE, Lausanne (Switzerland) | |
| 1985 | International Senior Managers’ Program, Harvard Business School (USA) | |
| Former positions: | ||
| 1967–1971 | Department Manager and later Director, Northern Soft- & Hardwood Co. Ltd. (Congo) | |
| 1973 | Management Assistant, LEGO System A/S (Denmark) | |
| 1973–1975 | Finance Director and Administration Director, LEGOLAND A/S (Denmark) | |
| 1975–1977 | Logistics Manager, LEGO System A/S (Denmark) | |
| 1977 | Vice President, logistics, LEGO System A/S (Denmark) | |
| 1978–1980 | President and CEO, LEGO Overseas A/S (Denmark) | |
| 1981–1997 | Executive Vice President, Operations and member of the Group Management, LEGO A/S (Denmark) | |
Special competencies
Mr Rasmussen has the following special competencies which specifically are essential to the work of the Board of Directors of Vestas Wind Systems A/S: In-depth knowledge of strategic management and organisation of nationally and globally based companies, significant experience within technology, production and logistics in globally branded companies as well as experience within accounting and finance.
Fiduciary positions
Chairman of the Boards of: Acadia Pharmaceuticals A/S (Denmark), Ball ApS (Denmark), Ball Holding ApS (Denmark), Ball Invest ApS (Denmark), CPD Invest ApS (Denmark), Oase Outdoors ApS (Denmark), and Procuratio Business Simulations ApS (Denmark).
Deputy Chairman of the Board of: TK Development A/S (Denmark).
Member of the Boards of: Acadia Pharmaceuticals Inc. (USA), Morgan Invest ApS (Denmark), Schur International A/S (Denmark), Vola A/S (Denmark), Vola Ejendomme ApS (Denmark) and Vola Holding A/S (Denmark).
