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FLSmidth to see change of executive leadership

Published by , Deputy Editor
World Cement,

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.

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 more 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 due time. In the interim, Naja Barrisøe, currently Vice President, Head of Group Reporting and Compliance, will be acting CFO.

The change of the executive leadership has no impact on the 2019 financial guidance.

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