North Media A/S Expands Leadership for Strategic Growth
North Media A/S is making a noteworthy change to its Group Executive Board, increasing its membership from four to five as part of a strategic initiative to bolster the organization’s effectiveness. This expansion reflects the company's ongoing commitment to commercial optimization and infrastructure enhancement.
New Role and Leadership Position
Effective from March 1, 2025, Ask Illum Jessen has assumed the position of Group Chief Infrastructure and Commercial Optimisation Officer (CICO). In this important role, he will focus on creating robust commercial infrastructures throughout the North Media Group.
Focus on Infrastructure Development
North Media operates diverse companies designed to manage large volumes of transactions successfully and at low costs. To achieve this, well-structured infrastructures leveraging automation and digital advancements are critical. Ask Jessen’s expertise will drive the effort to enhance these infrastructures, ensuring they meet the evolving demands of the marketplace.
The Impact on Revenue and Productivity
In collaboration with his fellow Group Executive Board members and various subsidiary management teams, Ask’s contributions are expected to foster environments that enhance revenue streams, boost productivity, and improve overall profitability. His vision aligns seamlessly with North Media's operational goals.
Experience and Background of Ask Jessen
With a background in sustainability as North Media’s Chief Sustainability Officer since early 2022, Ask Jessen has a rich history with the organization, dating back to 2012. His adeptness at developing solutions, notably the consumer-governed NejTak+ within FK Distribution A/S, showcases his capability in driving innovative initiatives.
Chairman's Perspective
In light of this executive expansion, Ole Borch, Chairman of the Board of Directors, remarked on the organization’s upcoming 60th anniversary, emphasizing the integral role infrastructures play in North Media's success. Jessen's appointment is anticipated to align the Group’s operational practices with the complexities of today’s market while maintaining a focus on quality, scalability, and value creation.
Executive Board Composition
The revised Group Executive Board of North Media, effective March 3, 2025, will include:
- Lasse Ingemann Brodt, Group CEO
- Kåre Stausø Wigh, Group CFO
- Lisbeth Britt Larsen, Group CHRO
- Martin Frandsen Tobberup, Group CDO
- Ask Illum Jessen, Group CICO
Current Developments and Leadership Adjustments
Additionally, the Board of Directors has announced that Kåre Stausø Wigh, the Group CFO, will be absent for an indefinite period due to health reasons. During this time, his responsibilities will be redistributed among the remaining Executive Board members, ensuring continued leadership and decision-making efficacy.
About North Media
North Media develops vital platforms that connect businesses with consumers, enabling them to discover essential goods and services. The company is known for its two core business areas. In the Last Mile sector, FK Distribution and SDR Svensk Direktreklam emerge as key players in distributing leaflets and local newspapers in Denmark and Sweden. The MineTilbud platform stands out as a leader in digital offers.
Digital Services Offering
Under its Digital Services segment, North Media oversees two promising businesses. BoligPortal leads the way in home rentals in Denmark, catering to the needs of landlords and tenants. Bekey provides cutting-edge digital access solutions, addressing the needs of homecare services and delivery companies by facilitating secure access to residential properties.
Frequently Asked Questions
What is the significance of Ask Illum Jessen's new position?
His role as Group CICO focuses on enhancing commercial infrastructures, which is crucial for improving efficiency and profitability within the Group.
How many members are on the North Media Group Executive Board?
The executive board has recently expanded to include five members to better support management operations.
What is the objective of North Media's business model?
North Media aims to streamline operations and deliver services efficiently while maintaining a focus on cost-effectiveness and quality.
What changes have occurred due to the absence of Kåre Stausø Wigh?
During his absence, responsibilities have been distributed among other Executive Board members to ensure uninterrupted operations.
Who are the key competitors in the Last Mile segment?
FK Distribution and SDR Svensk Direktreklam are among the leading distributors in Denmark and Sweden, respectively.
