Foundation

Foundation

Gerda and Victor B. Strand's
Victor B. Strand bought Toms in the 40's and made the company blossom after WW II. The success was driven by popular sellers, such as the Gold Bar (Guld Barre), chocolate turtles (Toms Kæmpe Skildpadde) and Yankie Bar. In the mid-70's, he created a foundation with the purpose of owning and managing Toms.

History of the Foundation

Toms was established in 1924 by the two pharmacists, Hans Troyel and V.H. Meyer. The company's name is a conglomerate of their names Trojel and Meyer (the 's' was added later, to prevent the candy machines from saying 'empty' in Danish).

Victor B. Strand, the owner of Tørsleff & Co., bought Toms in 1924. In the years after the Second World War, Toms grew under his supervision. Victor B. Strand launched the gold bar, the turtles and Yankie Bar. He bought Anthon Berg, Pingvin Lakrids and Galle & Jessen, making Toms a booming business.

In the mid-'70s, Victor B. Strand realised that his son, Jørgen Strand, did not possess the necessary qualities for running and developing Toms in the desired direction. Besides, his son's health was rather weak, as he had diabetes.

Victor B. Strand felt obligated to his life's work and the many employees at Toms. He decided that the best way of securing the company was to create a foundation with the purpose of maintaining a healthy economic development at Toms. The founding documents signed on Victor B. Strand's 76th birthday, December 12 1974. Victor B. Strand was the chairman of the foundation at the time of his death, September 16 1983.

The Board

Marianne Philip

Chairman
Education: LL. M. from the University of Copenhagen and Duke University, US. Partner of Kromann Reumert. Board positions: Adjunct professor at Copenhagen Business School (CBS), The Committee on Good Foundation Governance, Novo Nordisk Foundation (VCH), Bitten og Mads Clausens Fond (VCH), Codan A/S (BM), Codan Forsikring A/S (BM), Gerda & Victor B. Strand Holding (CH), etc. In depth experience in corporate legal affairs, including corporate and foundation and trust law. Experience in governance work on boards of directors.

Henrik Brandt

Board Member
Education: Msc (Econ.), Copenhagen Business School. MBA, Stanford University, California. Chairman and Non-Executive Director. Previous positions: President and CEO, Royal Unibrew A/S, Unomedical A/S and Sophus Berendsen A/S, etc. Board positions: Gerda & Victor B. Strands Fond and Gerda & Victor B. Strand Holding A/S (BM), Rockwool Int. A/S (CH), Danish Bake Holding ApS (CH), Nemlig.com (CH) and Intervare A/S (CH), Fritz Hansen A/S (CH), etc. Extensive experience from executive and board positions in Danish and international companies. Long industrial experience and extensive expertise within FMCG and strategic business development.

Jens Aaløse

Board Member
Education: BSc International business and Marketing Management (CBS). Managing Partner Maj Invest Equity and Member of the Executive Board. Previously: Group Executive Director TDC, CEO Danske Licens Spil A/S, CEO Dansk Reklame Film, Vice President SAS. Blue Ocean Robotics (CH), Topdanmark (VCH), Dansk Erhverv (VCH), Sticks N Sushi (CH), FDM Travel (CH). Extensive experience from various executive positions in international companies. Long industrial experience and extensive expertise within strategic business development.

Jørgen Dirksen

Board Member
Education: HA (BSc) in Economics and Business Administration. Formerly: CEO Rynkeby Foods A/S, CEO Unicare, Nordic Market Director Bluemøller, CEO Tomten A/S, CEO Sara Lee, Commercial Director Toms Group. Board positions: Good Food Group A/S (CH), Orana A/S (BM), Alsiano A/S (BM), Grathwol A/S (CH), Kryta A/S (BM), Helsemin A/S (BM), Gerda og Victor B. Strand Holding A/S (BM), etc. Extensive experience from executive and board positions in Danish and international companies. Long industrial experience and extensive expertise within FMCG and strategic business development.

Hans-Jørgen Filtenborg

Employee Representative
Education: Mechanical Engineer from Copenhagen University College of Engineering. Senior Project Manager. Employed at Toms Gruppen A/S since 1995. Board positions: Toms Gruppen A/S Ferie- og Jubilæumsfond (CH), Gerda & Victor B. Strand Holding A/S (Employee Representative).

Jannick Lindholdt

Employee Representative
Education: Operator and Automation technician. Maintenance/repair & service warehouse. Employed at Toms Gruppen A/S since 1995. Board positions: Occupational health & safety representative – repair/maintenance Ballerup. Member of Toms’ occupational health & safety council. Toms’ Værkstedsklub Ballerup/Hvidovre (BM). Gerda & Victor B. Strands Fond Holding A/S (Employee representative).

Tina Nina Steenberg

Employee Representative
Production worker. Employed at Toms Gruppen A/S since 2000. Staff representative for hourly-paid employees in Hvidovre. Works council.

The grants of the foundation

The foundation's grant policy is anchored in the charter, last updated April 4, 2016. The board of the foundation has laid out a policy that can be divided into the following components:

Grants with the direct purpose of securing and supporting the economic foundation of the Toms Group and associated companies.

Grants with the indirect purpose of securing and supporting the economic foundation of the Toms Group and associated companies.

Grants for services and social purposes that support the common good, which indirectly secure and support the economic foundation of the Toms Group and associated companies.

The grants of the foundation are decided upon at board meetings that are held, according to the charter, as often as deemed necessary. At the annual meeting, the financial framework for the next year is decided upon. The total amount of grants must adhere to the financial frame that is set by the board.

As a consequence of the foundation's purpose, grants are usually given according to requests from the Toms Group A/S."

Business activities

Gerda & Victor B. Strand's Foundation owns the Toms Gruppen A/S and the associated companies and brands.

Purpose of the Foundation

Gerda & Victor B. Strand's Foundation's primary purpose is to secure and support the economic foundation of the companies associated with the Toms Group A/S. This is done to ensure that their future existence and development is built upon good commercial and economic understanding.

Recommendations on Foundation Governance

Members of the board are paid a fee of DKK 160,000 a year. The Deputy Chairman receives 1½ times the base fee and the Chairperson receives 3 times the base fee. The Chairman of Toms Gruppen A/S, who is also member of the Foundation, receives ½ times the base fee.The Chairman of the investment committee receives a supplement of ½ times the base fee. The Foundation has no management, and administration is handled by Toms Group A/S. The total number of hours for administration is estimated to be approx 60 hrs per year. A detailed review of Gerda & Victor B. Strands Foundation's fulfillment of  Recommendations of Foundation Governance can be read here:

 

Recommendations of Foundation Governance

Annual Reports

Contact us

Gerda & Victor B. Strands Foundation can be contacted through Toms Gruppen, Toms Allé 1, 2750 Ballerup.

Tlf: 44 89 10 00                  E-mail: grs@tomsgroup.com

Alternatively through the foundations chairman, Marianne Philip, Sundkrogsgade 5, 2100 København Ø.

Tlf: 40 79 10 14                  E-mail: mp@kromannreumert.com

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