North Media Announces Leadership Changes and Future Plans

Leadership Changes at North Media

North Media's recent announcement brings significant changes to its leadership team. Kåre Stausø Wigh has officially stepped down as Group CFO effective immediately. His absence comes after a prolonged sick leave that began in Spring 2025. As the company progresses, the search for a new Group CFO is underway, ensuring that the financial leadership within the group remains intact by distributing duties among current Executive Board members.

Gratitude for Kåre Stausø Wigh's Contributions

In a statement, Ole Borch, the Chairman of the Board, expressed heartfelt thanks to Kåre for his two decades of dedicated service. Kåre has been integral to the growth and evolution of North Media's finance operations, fostering strong relationships with the Board of Directors. His commitment and diligence left a lasting impression on the company's trajectory.

Continuity in Leadership Amidst Change

To maintain stability during this transition, Ole Borch will extend his tenure as Chairman until the upcoming annual general meeting in Spring 2026. This decision comes as part of a strategy agreed upon with the major shareholder, Baunegård ApS. Although there were previous plans for Ole to step down within the year to lead a new foundation, the timeline has now shifted by approximately six months. This new foundation aims to facilitate Baunegård ApS' majority share acquisition in the future.

North Media's Business Overview

North Media is not just focused on its internal shifts; it also boasts a strong position in the marketplace with its innovative platforms. Catering to both businesses and consumers, North Media bridges the gap between different services, whether it involves grocery shopping, finding rental properties, or managing digital access solutions. Their two primary business segments are Last Mile and Digital Services.

Last Mile and Digital Services: Core Areas of Focus

In the Last Mile segment, FK Distribution and SDR Svensk Direktreklam stand out as key players in the distribution of leaflets and local newspapers across Denmark and Sweden. This strategic value helps local businesses connect with their customers effectively, reinforcing North Media's foothold in the promotional sector.

On the digital side, North Media has three main businesses each showing strong growth potential. BoligPortal is the leading home rental platform in Denmark, providing valuable assistance to landlords and tenants alike. Dayli (MineTilbud) excels as a digital offer platform, making it easier for consumers to find deals that suit their needs. Lastly, Bekey specializes in digital access management solutions for secured buildings and residences, facilitating services like home care and deliveries.

Future Outlook for North Media

The future looks bright for North Media as it navigates through these leadership changes. With committed individuals at the helm and a robust strategic plan outlined, the company is set to continue adapting to market demands while expanding its reach. The organizational adjustments represent not merely a response to recent health-related challenges but a proactive approach to sustain growth and innovation in the industry.

Frequently Asked Questions

What recent changes occurred in North Media's leadership?

Kåre Stausø Wigh stepped down as Group CFO, and Ole Borch will extend his role as Chairman until Spring 2026.

Why is Ole Borch staying on as chairman longer than expected?

His term is extended to ensure continuity during the transition period while the company looks for a new CFO.

What are North Media's main business areas?

North Media operates in Last Mile distribution and Digital Services, focusing on consumer and business platforms.

How does BoligPortal support landlords and tenants?

BoligPortal provides a leading rental platform that simplifies the process of finding and managing rental properties.

What innovative solutions does Bekey offer?

Bekey specializes in digital access solutions for secure buildings, aiding home delivery and care services.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

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