RTX Board Leadership Transition: Peter Thostrup Steps Down

RTX Board Leadership Transition: Peter Thostrup Steps Down

In an important development for RTX, a well-regarded leader in wireless communication solutions, Chair Peter Thostrup has made the decision not to seek re-election at the upcoming annual general meeting set for January 2025. This move is part of a broader generational shift within the Board of Directors that began with announcements made prior to the last annual meeting held in January 2024.

Significant Contributions of Peter Thostrup

Peter Thostrup has been a cornerstone of the RTX Board since his appointment in 2009. Over his extensive tenure, he has contributed significantly to the strategic direction of the company. Due to the duration of his service, he is now considered non-independent by corporate governance standards. Thostrup has emphasized the privilege of collaborating with the innovative RTX team, who have consistently strived for excellence in developing groundbreaking wireless communication technologies.

Farewell Statement

In his farewell comments, Thostrup expressed deep gratitude towards his colleagues on the Board, highlighting the inspiring cooperation that characterized his time at RTX. He conveyed confidence in RTX's scalable business model, which cultivates revenue from long-term agreements with leading B2B customers, a critical aspect for ensuring sustained, profitable growth into the future.

Next Steps for RTX: Henrik Schimmell Takes the Helm

As RTX prepares for this transition, Deputy Chair Henrik Schimmell is poised to step into the role of Chair, contingent upon his reelection and the support of fellow board members during the annual meeting. Schimmell, a member of the RTX Board since 2019 and Deputy Chair since 2022, has a robust background in engineering and leadership. He obtained an M.Sc. in Electrical Engineering and a Ph.D. from the esteemed Danish Technical University.

Henrik Schimmell's Background

Throughout his career, Schimmell has held various leadership roles, most notably as President of Radiometer. Since 2023, he has committed himself to serving as a professional board member, demonstrating his dedication to enhancing corporate governance. In addition to his responsibilities at RTX, he is also the Chair of the Board at LRE Medical. His breadth of experience positions him well to lead RTX into its next chapter.

Looking Ahead: RTX's Growth Strategies

RTX's commitment to innovation continues to be its hallmark. With emerging technologies in wireless communication reshaping the landscape, the company is focusing on strategic initiatives that promise to strengthen its market position. The Board's vision, guided by new leadership under Schimmell, aims to harness these advancements to foster long-term, profitable growth.

Key elements of RTX's strategy include leveraging its existing frameworks with global B2B clients while exploring new market opportunities. As the wireless communication sector evolves, RTX's agile approach positions it favorably to adapt and flourish.

Engagement and Communication

For stakeholders interested in further information or clarification, CFO Mille Tram Lux and Chair Peter Thostrup have indicated their willingness to engage in discussions. They can be reached via phone for any inquiries related to this leadership transition or RTX's future plans.

Frequently Asked Questions

1. Why is Peter Thostrup stepping down as Chair of RTX?

Peter Thostrup is not seeking re-election as part of a planned generational change in the Board of Directors.

2. Who will replace Peter Thostrup?

Deputy Chair Henrik Schimmell is expected to assume the role of Chair if reelected during the upcoming annual general meeting.

3. What is Henrik Schimmell's background?

Henrik Schimmell holds an M.Sc. in Electrical Engineering and has held various leadership positions, most recently as President of Radiometer.

4. What is RTX's business model?

RTX generates revenue from long-term framework agreements with globally recognized B2B customers, ensuring stable and profitable growth.

5. How can I contact RTX for more information?

For inquiries, you can contact CFO Mille Tram Lux or Chair Peter Thostrup via telephone at +45 96 32 23 00.

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