Danish Brewer Carlsberg's CEO Reveals Retirement Plan

·1 min read
  • Carlsberg A/S (OTC: CABGY) Chief Executive Officer Cees 't Hart is set to retire after eight years in the role.

  • He will leave Carlsberg by the end of Q3 2023 at the latest.

  • "Under his leadership, the Group has navigated significant challenges, including the difficult COVID-19 years, the war in Ukraine and the ongoing sale of the Russian business," said Chair of the Supervisory Board Henrik Poulsen.

  • Carlsberg said a search for Hart's successor is ongoing and plans to make a further announcement in due course.

  • In February, Carlsberg said 2023 will be a challenging year as commodity and energy price increases will have a significant impact on cost of sales and logistics costs.

  • It also warned that the development of the war in Ukraine and the impact on its business remain highly uncertain.

  • Carlsberg then said it expected organic operating profit development of -5% - +5%

  • Price Action: CABGY shares closed lower by 0.62% at $28.90 on Monday.

  • Photo Via Company

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