Sector News

Danish Crown CEO Jais Valeur to step down

June 8, 2024
Consumer Packaged Goods

Danish Crown has accelerated the search process for a new chief executive following the announcement by current CEO Jais Valeur that he intends to step down from his role.

Valeur, who joined the company as CEO in 2015, will remain in his position until a replacement is found “to ensure no momentum is lost during the recruitment process,” Danish Crown explained.

Danish Crown’s chairman of the board, Asger Krogsgaard, said: “Both the board and Jais have come to the conclusion that Danish Crown needs a new leadership and one that will be in place for the duration of the comprehensive task ahead of us. Jais is handing over a core business which, in many ways, is geared to delivering positive and long-term value creation for us, its owners. However, it is vital for the board of directors that we always pay competitive settlement prices to our owners, and the situation at the moment is such that Danish Crown’s competitiveness must be improved. Therefore, we believe it is important for all parties to start the forthcoming strategy process in the knowledge that the strategy will be executed by a new CEO.”

Valeur added: “Earlier in the year, I informed Danish Crown that I do not see myself as CEO of the company in the longer term. I can, therefore, appreciate why the board of directors wants to accelerate this process and look further ahead to ensure that the company can embrace its new strategy with a new executive board in place for the longer term.”

“Danish Crown has come a long way while I’ve been at the helm, but there is still a huge and also highly exciting task facing the company in the coming years. It will call for a massive and persistent effort by the executive board. I will now focus on steering Danish Crown through the coming period to create the best possible conditions for my replacement. Danish Crown is a fantastic company with dedicated employees and huge unfulfilled potential.”

Meanwhile, Thomas Ahle, the current group CFO, is leaving Danish Crown to join the building material firm Stark Group. The new CFO will take over from Ahle starting on 1 December, and their name will be announced after the summer holidays to respect their current employer’s situation.

By Rafaela Sousa

Source: foodbev.com

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