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Board and management gender diversity

Information about gender diversity in the Board and Management of Bavarian Nordic is provided in accordance with Section 99a in the Danish Financial Statements Act and Section 5 of the Gender Balance Act.

Members of the Board, Executive Management and Other Management, total and by under-represented gender.
The percentages in the table indicate the ratio of the under-represented gender in each category.
  2025 2024 2023
  Number Percent Number Percent Number Percent
Board of Directors, total 8 25% 11 45% 11 45%
Board of Directors, shareholder-elected 5 40% 7 43% 7 29%
Board of Directors, employee representatives 3 0% 4 25% 4 25%
Executive Management 4 0% 5 20% 6 33%
Other Management1 14 43% 23 48% 21 48%

1 Members of Executive Management employed by Bavarian Nordic A/S along with their direct reports with leadership responsibility, also employed by Bavarian Nordic A/S and direct reports with leadership responsibility that are employed by Bavarian Nordic A/S and are reporting to a member of Executive Management not employed by Bavarian Nordic A/S.