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Christian Sagild proposed as new member of the Board of Directors for the purpose of being elected new Chairman of Penneo

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Company Announcement No. 4-2021
Copenhagen, 12 March, 2021

As a new candidate, the Board of Directors of Penneo will propose Christian Sagild. The rest of the Board members will stand for re-election at the AGM.

It is the intention that, after the AGM, the Board of Directors  will elect Christian Sagild as new chairman.

Morten Elk, Chairman of the Board of Directors of Penneo, comments: “Penneo has become the de facto standard in the Nordic market for automated processes regarding identity, signing and workflows in the audit sector and other document-intensive industries. Penneo made a successful IPO on Nasdaq First Nordic in 2020. It has been an absolute pleasure being part of this stage of Penneo’s journey together with the Board of Directors, the Executive Management and the rest of Penneo’s organisation. However being chairman of Penneo is not only exciting, it is also time consuming and my job as Founder and CEO of SimpleSite does not allow the time required to act as chairman taking Penneo to the next level in the company's expansion strategy. If elected I look forward to contributing to Penneo’s onward journey in my new role on the Board of Directors''.

Christian Sagild comments: “It is an honour for me to be proposed at the AGM as candidate for election to Penneo’s Board of Directors. I have followed Penneo for a long time. Initially as a satisfied customer and since the IPO also as a satisfied shareholder. If, following the AGM, I will be elected as chairman, I and the rest of the Board will continue the company’s well-defined and focused expansion strategy. Penneo’s expansion strategy continues to be based on a two-way approach. Firstly, we will strengthen our presence in the vertical market, notably in the auditing segment, by developing products for further integration to identity-oriented workflows, thus providing even more value to our customers. Secondly, we will expand Penneo’s offerings and leadership position throughout Europe. This expansion is facilitated by the strong relationships established with our existing international top audit and accounting customers and by the growing demand throughout Europe for digitally supported identity solutions''.

The Board of Directors will propose election of the following candidates at the AGM on 28 April 2021:

  • Morten Elk
  • Michael Moesgaard Andersen
  • Christian Sagild
  • Rikke Stampe Skov
If elected on the AGM, it’s the intention that the Board of Directors will propose remuneration of Christian Sagild based on a combination of a fixed salary and warrants. Warrants will be allocated in accordance with the articles of association and the remuneration policy of the company.

Further information

Morten Elk
Chairman of the Board 
Tel.: +45 20 29 75 05

Interim CEO, Nicolaj Højer Nielsen
Mobile (+45) 25 46 25 80

Certified Advisor
Grant Thornton, Jesper Skaarup Vestergaard
Direct (+45) 35 27 50 11

About Penneo A/S
Penneo A/S (Penneo) is a Software-as-a-Service (SaaS) company, originally focused on delivering the digital pen (Penneo = new pen) back in 2014. Today, Penneo has evolved into an eco-system of automated solutions that digitizes company workflows related to the onboarding of customers (KYC), as well as signing and management of documents in a secure and easy way. The Company offers a RegTech solution that helps companies comply with regulations in an efficient and inexpensive manner. Penneo has a strong position in the Nordic countries and in Denmark, where more than 620,000 persons used Penneo’s workflow in 2020.For information about Penneo, please visit https://penneo.com/investors/


CV for Christian Sagild  

Date of Birth: 11 December 1959

Nationality: Danish

Education: Actuary, cand. act. Copenhagen University 1985

Occupation: Professional board member

Current board experience:


  • 2012-
  • Chairman of the Audit Committee

Royal Unibrew A/S

  • 2018-
  • Member of the Audit Committee

Nordic Solar Energy A/S and Nordic Solar Global A/S

  • 2018-
  • Chairman

Danske Bank A/S

  • 2019-2021 (Christian Sagild is not seeking re-election on the upcoming AGM, 16 March 2021)
  • Member of the Audit Committee and the Risk Committee

Previous Board experience:

Blue Ocean Robotics ApS

  • 2018-2020
  • Member of the Board of Directors

Previous employments:

Topdanmark A/S 

  • Group CEO
  • 2009-2017

Topdanmark A/S

  • Executive Director 
  • 2006-2009

Topdanmark Livsforsikring A/S

  • CEO
  • 1996-2006

Board qualifications:

  • Significant experience from managing public companies. Primary experience is from the insurance sector, but also insights and skills from various board roles in public companies in other industries 
  • Experience in dealing with complex regulatory frameworks 
  • In-depth experience in managing external stakeholders and in reputation management in general 
  • Many years of experience with general financial analysis and reporting across complicated income and balance sheet statements of publicly listed companies


Christian Sagild meets the definition of independence set out by the Committee on Corporate Governance.