Management changes at BoConcept Holding A/S
5/7/2012 6:26 AM EST
BoConcept Holding
Changes board/management/auditors
Management changes at BoConcept Holding A/S
Viggo Mølholm will resign as chief executive officer of BoConcept Holding A/S
as of 29 August 2012 to stand for election to the company's supervisory board
at the next annual general meeting, where he is expected to be appointed
chairman of the board. Torben Paulin will take over the position of chief
executive officer. At the same time, BoConcept Holding A/S will add a new
member to the executive board by appointing Troels Dyrup Petersen chief
operating officer in charge of the supply chain, and Hans Barslund will
continue as chief financial officer.
Herning, Denmark, 2012-05-07 12:26 CEST (GLOBE NEWSWIRE) -- After seventeen
years as chief executive officer of BoConcept Holding A/S, Viggo Mølholm has
decided to resign from his position at the end of August 2012 to stand for
election to the company's supervisory board as chairman at the next annual
general meeting. He is expected to be elected chairman of the supervisory
board. All other board members have announced that they will stand for
re-election.
'Since it was established sixty years ago, BoConcept has evolved from local
furniture manufacturer to a global brand with an international franchise-based
retail chain. It's been fantastic to be at the head of this development and
process of change, and I'm proud of the results we have created. Our concept,
market position and operations are stronger today than ever before, and we've
mapped out a clear strategy for significant growth. For this reason, I think
the time is right to hand over the day-to-day responsibility for the company to
a reliable and growth-oriented executive board, and I'm looking forward to
continuing my commitment to BoConcept in the role of chairman of the
supervisory board,' said Mr Mølholm, who will also continue to work for
BoConcept in the areas of concept development and design.
New executive board represents concentration of core competencies
The supervisory board has appointed Torben Paulin new chief executive officer
of BoConcept Holding A/S. Mr Paulin joined the company in 1994 and had held the
position of retail and sales director of BoConcept A/S since 2003. His
responsibilities include retail, marketing, collections and visuals. At the
same time, Troels Dyrup Petersen, who has been responsible for supply chain
management at BoConcept A/S since 2003, will be joining the executive board of
BoConcept Holding A/S as chief operating officer. Hans Barslund will continue
as chief financial officer of BoConcept Holding A/S; his other responsibilities
are IT and own production.
'The supervisory board is exceedingly pleased to note that Torben has accepted
the role of chief executive officer of BoConcept, and that Troels will be
joining the executive board at the same time. Together with Viggo and Hans, the
two of them have played a vital role in planning and implementing the company's
focused strategy, and this ensures continuity,' says Ebbe Pelle Jacobsen,
chairman of the supervisory board of BoConcept Holding A/S.
'I'm very much looking forward to ensuring the continuation of BoConcept's
favourable development in collaboration with the new management team. Our
greatest and most important task is to continue to strengthen BoConcept's
global brand and our competitive position in order to create an even better
basis for expanding the franchise chain and creating added growth. That's the
formula for creating value at BoConcept in future,' says Mr Paulin, who will be
hosting BoConcept's Inspiration Camp at the Herning headquarters this week,
where the coming new collection is being presented to more than seven hundred
franchisees and store employees from sixty countries.
The management shift-around will take effect on 29 August 2012, which will
leave enough time for a careful and smooth handing over of tasks and
responsibilities to the new executive board.
Herning, 7 May 2012
Facts future Executive board
Torben Paulin, born 1965
Education:
Diploma in business economics as well as ADB from CFL
Employed with BoConcept since 1994 and since 2003 been Retail & Sale Director
Former employments:
10 years with PLUS A/S – including export manager
Other Directorship:
Merton A/S (board member)
Olitec Packaging Solutions A/S (chairman)
Troels Dyrup Petersen, born 1961
Education:
Bachelor of Science in Engineering, production, Graduate Diploma in Business
Administration (GDBA), Management and Organization
Employed with BoConcept since 2003 as Supply Chain Director
Former employments:
10 years with Velux - from 1994 as managing director in Velpan A/S
2 years with Vest-Wood a vice president for logistics and IT
Hans Barslund, born 1957
Education:
Master of science in Economics
Employed with BoConcept since 2002 as vice president & CFO
Former employments:
3 years with Kompan A/S as Finance Director
10 years with KEW A/S – including Finance Director
Other Directorship:
Scantron A/S (chairman)
CompoTech A/S (chairman)
For further details, contact CEO Viggo Mølholm or supervisory board
chairman Ebbe Pelle Jacobsen on +45 7013 1366.