Danish Crown, a leading player in the food and beverage industry, has announced the start of the search process for a new CEO as current CEO Jais Valeur prepares to step down. Valeur, who has been at the helm since 2015, will remain with the company until a suitable replacement is found. The decision to expedite the search process was made by the board after Valeur expressed his intention to leave the company.
In a statement, Valeur acknowledged the board’s decision and highlighted the need for new leadership to align with the company’s evolving strategy. He emphasized the significant challenges and opportunities ahead for Danish Crown and stressed the importance of a dedicated effort from the executive board.
The company has been undergoing significant changes, with former chairman Erik Bredholt stepping down last November. This move followed an interview in which Bredholt hinted at potential investor interest in certain business segments. Danish Crown has been focused on enhancing its profitability through a multifaceted initiative aimed at boosting earnings by at least DKr1.5bn over a two-year period.
In its most recent financial results, Danish Crown reported a decline in revenue and profits. The company has been working on a new strategy, set to be unveiled in the autumn, to address these challenges and capitalize on opportunities in the market. Asger Krogsgaard, the current chairman, emphasized the need for a new leadership direction to enhance the company’s competitiveness and create long-term value for stakeholders.
In addition to the CEO transition, Danish Crown is also set to appoint a new CFO following the departure of Thomas Ahle. The incoming CFO will join the company in December, with the announcement expected after the summer holidays.
Danish Crown’s commitment to strengthening its leadership team reflects its dedication to driving sustainable growth and innovation in the food and beverage industry. Stay tuned for more updates on Danish Crown’s strategic initiatives and executive appointments to navigate the evolving market landscape.
