SimCorp appoints Michael Bjergby as Chief Financial Officer (CFO)

Inside information, company announcement no. 30

SimCorp announces that it has appointed Michael Bjergby as new Chief Financial Officer (CFO) and member of SimCorp’s Executive Management Board. Michael Bjergby will be responsible for leading the company’s global Finance, IT, Legal, Investor Relations and Procurement teams.

Michael Bjergby (39) joins SimCorp from global facility services company ISS, where he most recently has served as SVP and Head of Group Finance. Prior to that, Michael has held various finance positions in large Danish OMXC25 companies and has been Group CFO of private equity-owned HTL-Strefa. Michael holds a Master in Economics from Copenhagen University.

Michael Bjergby will step into his new position no later than January 1, 2023. SimCorp’s current CFO, Michael Rosenvold, will remain in his position until a proper handover to Michael Bjergby has been completed.

Commenting on the appointment of Michael Bjergby, Chair of SimCorp’s Board of Directors, Peter Schütze, said: “I am delighted to welcome Michael as new CFO of SimCorp. Michael is a proven finance talent with global experience. His expertise in financial communication and investor relations combined with his ability to run the finance operations of large and complex global companies have been important criteria’s in our selection of Michael.

Michael Bjergby’s remuneration in SimCorp is in accordance with the remuneration guidelines approved at the Annual General Meeting held on March 24, 2022. As part of the service agreement, Michael Bjergby will as a non-recurring compensation be allocated restricted stock units comprising SimCorp shares with a total market value of DKK 5 million vesting over a period of 5 years. The restricted stock units are subject to Michael Bjergby being employed as CFO of SimCorp on the vesting dates. Further, the allocation of restricted stock units is subject to an investment by Michael Bjergby in SimCorp shares prior to January 1, 2023 at a market price of at least DKK 2.5 million. 

Enquiries regarding this announcement should be addressed to:

Peter Schütze, Chair of the Board of Directo rs, SimCorp A/S (+45 35 44 88 00)
Christian Kromann, Chief Executive Officer, SimCorp A/S (+45 28 10 90 90)