Sector News

Carlsberg appoints new chief executive

March 19, 2023
Food & Drink

Carlsberg has announced that Jacob Aarup-Andersen will join the company as chief executive officer, replacing Cees ’t Hart, who will retire by the end of Q3 2023.

Since 2020, Aarup-Andersen has served as CEO of ISS, a global facility services company that operates in 60 countries. According to Carlsberg, he led a financial turnaround while in the post, as well as the development of a strategy focused on technology and digitisation, sustainability and diversity, and equity and inclusion.

Aarup-Andersen said: “I’m very impressed with the successful journey that Carlsberg has been on these past years. Cees and the leadership team have created a strong foundation, both financially and strategically, and I will continue the strong shareholder value focus. I’m looking forward to working with the team over the coming years to further accelerate the full growth and value creation of this unique company.”

Prior to ISS, Aarup-Andersen held senior leadership roles at Danske Bank and Danica Pension and worked as an investment professional in firms such as Danske Capital, TPX-Axon Capital, Montrica Investment Management and Goldman Sachs.

Chair of Carlsberg’s supervisory board, Henrik Poulsen, commented: “As part of our ongoing succession planning, the board has been through a comprehensive assessment of CEO candidates from around the world, with Jacob Aarup-Andersen emerging as the best candidate”.

He continued: “Jacob is an outstanding CEO with a strong track record in delivering shareholder value and organic and inorganic growth in addition to driving the ESG and digitisation agendas. Jacob brings a unique blend of excellent strategic skills, financial acumen and discipline, global operational experience and an engaging and purpose-led leadership style.”

The appointment comes after Carlsberg’s current CEO, Cees ‘t Hart, informed the supervisory board of his intention to retire later in 2023, following eight years in the position.

By Phoebe Fraser


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