Change in Penneo’s management - Penneo appoints new CTPO
Company Announcement No. 35-2022
Copenhagen, 21 December 2022
Hans J. Skovgaard joins Penneo as Chief Technology and Product Officer as of 1 February 2023
Penneo is pleased to announce that Hans J. Skovgaard will join the company in a newly established role as Chief Technology and Product Officer. Reporting to Penneo’s CEO, Christian Stendevad, Hans will be responsible for leading the company’s product development teams using his extensive experience to advance Penneo’s technology innovation, as well as the strategic direction of the company’s product roadmap.
Commenting on the appointment, Penneo CEO Christian Stendevad said:
“Hans is an exciting and important addition to our leadership team and we look forward to giving him a warm welcome. He is a highly experienced professional with a proven track record in successfully building high performing development and engineering teams in growth oriented software companies that are similar to Penneo. In fact, he has done this with success three times in three different companies. We believe this experience will prove highly valuable. Innovation, tech leadership, and making sure that we continue to deliver value adding solutions to our customers is crucial for our future success.”
Hans J. Skovgaard is a Danish national and a master's graduate of artificial intelligence, computer science and holds an MBA from IMD. With over 20 years of technology and software engineering leadership experience, he has a successful history of driving strategic planning, running operations, and advancing development initiatives in software companies. Most recently, he has served as CTO and Vice President of R&D in Capture One, a company with more than 160 employees. Prior to this, he worked as VP for Engineering in Milestone Systems, a leading global provider of video management software. He has also held senior leadership positions in Microsoft and Mondosoft.
Commenting on his new role as CTPO, Hans said:
“Penneo has a strong market position in its existing markets with the potential to grow even further as it expands to new markets in Europe that have not yet reaped the full benefits of digitization. I look forward to joining the company on this journey and leverage the engineering and leadership experience I have to move the company forward.”
Further information
CEO, Christian Stendevad
Mobile (+45) 27 29 50 02
About Penneo A/S
Penneo is a provider of Software-as-a-Service (SaaS), and was initially established for the purpose of assisting businesses with digital document signing and digitising workflows. Today, the company has developed into an eco-system of digital solutions which automate work routines within for example anti-money laundering (AML) - a RegTech software that offers businesses an efficient and cost-saving way to comply with legislation.
The original and widespread product "Penneo Sign", which helps customers secure easy online signing of documents, is still continuously developed by the company - while at the same time new products appear, such as Penneo KYC (Know Your Customer) - a product that digitises the work-flows in businesses and contributes to complying with legal requirements in connection with onboarding and identification of customers.
Penneo holds a strong position in the Nordic countries, and in Denmark alone, more than 740,000 persons signed documents electronically with "Penneo Sign" in 2021.
In April 2022, Penneo was listed on Nasdaq Copenhagen following a listing on Nasdaq First North in June 2020. This transition contributes to strengthening the company's focus on European expansion.
For information about Penneo, please visit https://penneo.com/investors