Onboarding of Chief Operating Officer (COO) in Donkey Republic
Executive management team adds Morten Nybye-Petersen, former Vice President of Business Governance & Development of Penneo
Company Announcement No. 15 2022
Donkey Republic announces the appointment of Morten Nybye-Petersen as COO who will take up the position on 1 November 2022. Consequently, the Executive Management Team consists of CEO Niels Henrik Rasmussen, CFO Christian Dufft and COO Morten Nybye-Petersen.
Morten Nybye-Petersen joins Donkey Republic after four years in Penneo (Nasdaq Copenhagen) from a position as Vice President of Business Governance & Development with a successful track record of driving the IPO together with Niels Henrik Rasmussen as former CEO of Penneo, the Nasdaq Main Market listing and the strategy execution of Penneo. Morten Nybye-Petersen brings more than seven years of experience in operations, strategy execution and management which will contribute to solidifying the continued execution of Donkey Republic’s strategy to support the geographic expansion in close collaboration with the entire team.
With a revenue growth of 90% in the first half of 2022 (vs. H1 2022) and an operational margin of 19% in the same period (vs. -23% in H1 2021) Donkey Republic closed its most successful half year period yet. The good performance so far in combination with continued investments in the organization and the expansion of the bike fleet puts the company in a good position to achieve its future targets.
CONTACT INFORMATION ☎
DonkeyRepublic Holding A/S
Skelbækgade 4, trappe B, 4. sal.
1717 København V
https://www.donkey.bike/about/
Mail: investor@donkeyrepublic.com
Investor website: www.invest.donkey.bike
Financial and Certified Adviser:
Clearwater International
Andreas Lauth Lauridsen
Dampfærgevej 8, 1. floor
DK-2100 Copenhagen
certified.adviser@cwicf.com
www.clearwaterinternational.com/dk
About Donkey Republic
Donkey Republic is one of Europe's leading providers of end-to-end bike-sharing solutions providing both pedal- and e-bikes. The company is to running 13k bikes and ebikes across 60+ cities and 14 countries, and expecting to grow its fleet to above 20k in the next 6 months. Based on its proprietary software, Donkey Republic offers cities and local partners a fully integrated turn-key solution, including software critical to all stakeholders, bikes, operations, and support services. The company provides affordable and sustainable mobility for the masses by partnering with cities to turn bikes into the hero of urban transportation and has a vision of making city life better for everyone with affordable and responsible bike-sharing