Chief People & Culture Officer steps down

Company Announcement No. 42-2023

Copenhagen, 20 December 2023

Sara Lindgaard is stepping down from her position as Chief People & Culture Officer to pursue a career outside of Penneo.

“I would like to thank Sara for her important contributions to Penneo. Sara has been my trusted colleague and a highly appreciated management team member throughout the last two years. She has also played a key role in scaling and professionalizing our company further. While we regret Sara’s decision, we also respect her wish to pursue a new opportunity outside Penneo. We wish her all the best in her future endeavors.” says Christian Stendevad, Penneo’s Chief Executive Officer.

Sara Lindgaard will remain in her position until the end of February 2024 and ensure continuity and a smooth transition of her tasks and responsibilities.

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 digitizing workflows. Today, the company has developed into an eco-system of digital solutions that 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 digitizes 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 across the geographical markets it operates in. 

In total, 1.8 million individuals signed documents electronically with Penneo in 2022 across all of the markets we operate in. 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/investor