Danske Bank Announces Leadership Changes
Danske Bank has recently made an important announcement about changes in its executive team. After nearly five years of dedicated service, Stephan Engels, the Chief Financial Officer (CFO), has decided to retire. This decision follows an impressive 36-year career in the business world, and Engels has chosen to announce his retirement ahead of time to facilitate a smooth leadership transition. He will remain in his position until March 1, 2025.
Stephan Engels' Legacy
Looking back on his tenure at Danske Bank, Stephan Engels conveyed his appreciation for the experiences he has gained. "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 stated.
At 62 years old, Engels has been a vital member of the Executive Leadership Team since April 2020. His contributions have been instrumental during a transformative era for the bank, as highlighted by Carsten Egeriis, CEO of Danske Bank. Egeriis commended Engels for his role in strengthening the bank’s financial stability, remarking, "He will leave behind a legacy of stability when he retires next year."
Appointment of a New CFO
In response to these developments, Danske Bank has named Cecile Hillary as the new Chief Financial Officer. She is expected to join the Executive Leadership Team by March 1, 2025, at the latest. With a robust background in finance, Hillary comes to Danske Bank from her role as Group Treasurer at Lloyds Banking Group in the UK. Her impressive career spans 24 years at leading 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, showcasing her solid academic grounding in finance and banking. Carsten Egeriis expressed his excitement about Hillary’s appointment, emphasizing her deep insights and extensive experience in core banking as significant advantages for Danske Bank. He remarked, "She brings extensive strategic knowledge from a high level in the financial sector."
Hillary herself is enthusiastic about joining the bank, stating, "I very much look forward to joining Danske Bank, a strong Nordic financial institution and an ambitious organization."
Contact Information
If you have any questions regarding this announcement, please contact 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.
