Chief Commercial Officer & Co-founder steps down to pursue new opportunities

Company Announcement No. 16-2024
Copenhagen, 24 September 2024

André Clement, Chief Commercial Officer (CCO) and co-founder of Penneo, is stepping down from his position to pursue new opportunities in the startup environment.

“I would like to sincerely thank André for his significant contributions to Penneo over the years. As one of our co-founders, André has played a key role in shaping Penneo into the mature and well-established company it is today. His insights from the auditing industry, along with his strong sales and relationship management skills have been essential to our growth in the Nordics, our successful expansion into Belgium, and in establishing the first footprint in the German market. While we will miss André’s presence at Penneo, we respect his decision to move on and wish him every success in his future endeavors,” says Christian Stendevad, Penneo’s Chief Executive Officer.

André Clement comments: “I’m incredibly proud of what we’ve achieved at Penneo. It has been an honor to be part of this journey from the very beginning and to see the company evolve. I am grateful for the trust and support from the team, our partners, and our customers over the years. I wish Penneo continued success in its mission and am confident that the company’s future is bright.”

André Clement will stay with Penneo until the end of 2024 to ensure a smooth transition and continuity of his responsibilities.

Further information
CEO, Christian Stendevad
Mobile (+45) 27 29 50 02

About Penneo A/S
Penneo combines digital signing and Know Your Customer (KYC) workflows into a single platform that streamlines critical business processes for anti-money-laundering regulated B2B companies.

Founded in Copenhagen and operating throughout Europe, Penneo is fast becoming the go-to platform for companies looking to save time on administrative tasks while ensuring complete regulatory compliance and peace of mind for themselves and their clients. Penneo is already trusted by +3,000 companies - including the world’s leading auditors.

Following the listing on Nasdaq Copenhagen Main Market in April 2022, Penneo is now more than ever in a position to execute its European expansion strategy and scale its operations to maximise value to existing and future customers.

For information about Penneo, please visit https://penneo.com/investor