Important Leadership Changes at Alm. Brand A/S
In a significant development for Alm. Brand A/S, Jørgen Hesselbjerg Mikkelsen, the esteemed Chairman of the Board of Directors, has announced that he will not seek re-election at the upcoming annual general meeting. This decision marks the end of an era for the company as it prepares for a new chapter in its governance structure.
Introducing Jais Valeur as the New Chairman
Jais Valeur has been nominated to step into the role of chairman, a position he is well-equipped for due to his extensive experience. Having served on the Board of Directors since 2023, Valeur brings a wealth of knowledge in managing complex corporate frameworks, spearheading business transformations, and overseeing mergers and acquisitions.
His previous roles, including that of deputy chairman at Royal Unibrew A/S, add to his portfolio of leadership experiences, instilling confidence that he will guide Alm. Brand A/S with both vision and expertise.
Continuing the Journey of Growth
Valeur expressed his gratitude upon receiving the nomination, thanking Jørgen Hesselbjerg Mikkelsen for his dedication and service. Mikkelsen's leadership has been pivotal during a significant transformational period for Alm. Brand Group, particularly highlighted by the successful acquisition of Codan.
"I am extremely honoured to be nominated as chairman of Alm. Brand A/S. I would like to take this opportunity to thank Jørgen Hesselbjerg Mikkelsen for his many years of dedication to Alm. Brand Group and for his efforts in spearheading the extensive transformation of the group," Valeur stated. His commitment to collaborating closely with fellow board members and management sets a promising tone for the future.
Transformation Under Jørgen Hesselbjerg Mikkelsen
Under Mikkelsen's chairmanship, Alm. Brand Group underwent a substantial transformation. It shifted from being a diverse entity operating across multiple sectors—including banking, insurance, and pension services—to becoming a focused, major player in the non-life insurance sector in Denmark.
His tenure has been marked by strategic decisions that have redefined the organization's trajectory, particularly through significant acquisitions and divestments aimed at enhancing the group's strengths.
Looking Ahead: A Strong Foundation for the Future
Mikkelsen expressed his heartfelt appreciation for the support he received throughout his chairmanship. He emphasized the collaborative efforts among shareholders, board members, and employees, which were crucial in fostering the group’s long-term objectives. He remarked on the collective achievements that have led to a fortified position for Alm. Brand Group.
As Mikkelsen prepares to hand over the reins to Valeur, there is optimism about the future. Valeur’s leadership is seen as a continuation of the group’s success story, reinforcing the strong foundation already established.
Looking Forward to the Annual General Meeting
The list of candidates for the Board of Directors will be published as part of the agenda for the upcoming annual general meeting, ensuring transparency and engagement with shareholders. Details can be accessed through the company’s official website under the “Investors” section.
Immediately following the annual meeting, the elected board members will convene to appoint Jais Valeur as the new chairman, transitioning leadership seamlessly as Alm. Brand A/S moves forward onto its next strategic initiatives.
Contact Information
For any inquiries or further information regarding this announcement, interested parties can reach out to:
Investors and Equity Analysts:
Head of IR, Rating & ESG Reporting
Mads Thinggaard
Mobile No. +45 2025 5469
Press:
Head of Communications and Media Relations
Mikkel Luplau Schmidt
Mobile No. +45 2052 3883
Frequently Asked Questions
Who is the new chairman for Alm. Brand A/S?
Jais Valeur has been nominated as the new chairman, succeeding Jørgen Hesselbjerg Mikkelsen.
What changes occurred under Jørgen Hesselbjerg Mikkelsen's leadership?
Mikkelsen oversaw the transformation of Alm. Brand Group into a major non-life insurance company from its previous diversified financial supermarket structure.
When will the annual general meeting take place?
The exact date and details of the annual general meeting will be available on Alm. Brand A/S’s official website under the “Investors” section.
How can investors contact Alm. Brand A/S for inquiries?
Investors can reach out to Mads Thinggaard, the Head of IR, at +45 2025 5469 for any inquiries.
What vision does Jais Valeur have for Alm. Brand A/S?
Valeur aims to ensure continuity and continued growth through collaboration with the Board of Directors and management, building on Mikkelsen's achievements.
