Group Chief Financial Officer, Lars Vestergaard, and the FLSmidth Board of Directors have agreed that now is an appropriate time for change and Lars Vestergaard will step down and leave FLSmidth effective immediately. The Board of Directors have decided a different set of competences is needed to strengthen its organisation and execute as planned on our long term financial targets.
Chairman of the Board of Directors, Vagn Sorensen and Group CEO Thomas Schulz: “We appreciate Lars Vestergaard’s commitment and dedication to FLSmidth. We have created a stronger and focused organisation. We wish to thank Lars Vestergaard for his contribution to these important milestones.”
A new group Chief Financial Officer (CFO) has been selected and will join FLSmidth on or before 1 July 2020. A formal announcement will be made in the near future. In the interim, Naja Barrisøe, currently Vice President, Head of Group Reporting and Compliance, will be acting CFO.
The change of the executive leadership will have no impact on the 2019 financial guidance.
Read the article online at: https://www.globalminingreview.com/finance-business/03122019/group-chief-financial-officer-leaves-flsmidth/