Danske Bank Announces Leadership Changes
Danske Bank recently made a significant announcement regarding its executive team. Stephan Engels, who has served as the Chief Financial Officer (CFO) for nearly five years, has decided to retire from his position. This comes after a remarkable 36-year career in business, with Engels choosing to announce his retirement in advance to ensure a smooth transition of leadership. He will continue in his current role until March 1, 2025.
Stephan Engels' Legacy
Reflecting on his time at Danske Bank, Stephan Engels expressed gratitude for the opportunities he has had. "I am grateful for the opportunity to have been a part of Danske Bank over the past years. All good things must come to an end, and I am confident that I will pass the baton to competent leadership and a strong organization," he remarked.
At 62 years old, Engels has been an integral part of the Executive Leadership Team since April 2020. His contributions have been crucial during a transformative period for the bank, as noted by Carsten Egeriis, CEO of Danske Bank. Egeriis praised Engels’ role in enhancing the bank’s financial stability, stating, "He will leave behind a legacy of stability when he retires next year."
Appointment of a New CFO
In light of these changes, Danske Bank has appointed Cecile Hillary as the new Chief Financial Officer. Cecile is set to join the Executive Leadership Team by March 1, 2025, at the latest. With an extensive background in finance, Hillary comes to Danske Bank from her position as Group Treasurer at Lloyds Banking Group in the UK. Her previous experience spans 24 years at prominent financial institutions, including Barclays, Morgan Stanley, and JPMorgan.
Cecile Hillary's Background
Cecile Hillary holds degrees from IEP Paris (Sciences Po) and ESSEC Business School, demonstrating her strong academic foundation in finance and banking. Carsten Egeriis expressed enthusiasm for Hillary’s appointment, citing her deep insights and experience in core banking as key assets for Danske Bank. He noted, "She brings extensive strategic knowledge from a high level in the financial sector."
Hillary herself is eager to contribute to the bank's legacy, stating, "I very much look forward to joining Danske Bank, a strong Nordic financial institution and an ambitious organization."
Contact Information
For further queries regarding this announcement, please reach out to Stefan Singh Kailay, Head of Media Relations, at +45 45 14 14 00.
Frequently Asked Questions
Who is the retiring CFO of Danske Bank?
The retiring CFO is Stephan Engels, who has served in this role for nearly five years.
When will Stephan Engels retire?
Stephan Engels will retire on March 1, 2025, to ensure a smooth transition.
Who is the new CFO of Danske Bank?
Cecile Hillary has been appointed as the new CFO, effective by March 1, 2025.
What is Cecile Hillary's previous experience?
Cecile Hillary has worked as Group Treasurer at Lloyds Banking Group and held various roles at Barclays, Morgan Stanley, and JPMorgan over 24 years.
How can I contact Danske Bank media relations?
You can contact Stefan Singh Kailay at Danske Bank by calling +45 45 14 14 00.
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