Significant Executive Changes at ISS A/S to Drive Success

Executive Changes at ISS A/S: A Strategic Move

Company Announcement

ISS A/S, a prominent workplace experience and facility management company, recently announced key changes to its Executive Group Management team. This restructuring aligns with its ongoing strategy to enhance operational efficiency and drive sustainable growth.

Since the launch of the OneISS strategy in 2020, the company has continually adapted its approach to meet market demands and enhance service delivery. In light of recent evaluations of the strategy, ISS A/S has decided to reduce the size of its Executive Group Management Team from eight members to five. This strategic decision is intended to streamline operations and foster a focused environment conducive to achieving organizational goals.

Leadership Restructuring Details

As part of this significant transition, three existing members of the Executive Group Management Team will be taking on new roles:

Carl-Fredrik Bjor's New Role

Carl-Fredrik Bjor will step into the position of Chief Commercial & Revenue Officer. He will lead the company's commercial agenda on both local and global fronts, ensuring that ISS effectively meets the diverse needs of its clientele.

Liz Benison's Enhanced Focus

Taking on the role of Chief People and Technology Officer, Liz Benison will concentrate on developing a robust technological framework while prioritizing the company's human capital. Her focus is on aligning technology and personnel strategies to enhance operational effectiveness across all divisions.

Troels Bjerg's Responsibilities Expand

Troels Bjerg will assume the role of Group Chief Operating Officer, overseeing all country operations. His leadership will be pivotal in maintaining consistent service delivery across regions and enhancing operational synergies.

Additionally, following a transitional phase, Agostino Renna (formerly Chief Commercial and Communication Officer), Markus Sontheimer (previously Chief Information and Digital Officer), and Celia Liu (CEO of Central and Southern Europe) will part ways with ISS A/S. Their significant contributions have been acknowledged and appreciated, and the company wishes them well in their future endeavors.

Unchanged Roles and Future Outlook

Mads Holm will retain his position as Group Chief Financial Officer, continuing to guide the financial strategies of the organization without alterations to his responsibilities. It is noteworthy that the external regional reporting structures will remain unchanged, which reflects stability amidst the recent transitions.

Kasper Fangel, Group CEO of ISS A/S, expressed his insights on the changes: "The primary objective of these organizational adjustments is to bolster execution and facilitate profitable growth. I genuinely believe this direction is a substantial move towards unlocking the complete potential of ISS A/S. I would like to extend my heartfelt gratitude to Agostino Renna, Markus Sontheimer, and Celia Liu for their invaluable contributions and wish them the best for their upcoming journeys."

Current Executive Group Composition

Effective immediately, the following individuals comprise the ISS A/S Executive Group Management Team:

Kasper Fangel             Mads Holm
Group Chief Executive Officer       Group Chief Financial Officer

Troels Bjerg             Carl-Fredrik Bjor
Group Chief Operating Officer         Group Chief Commercial & Revenue Officer

Liz Benison
Group Chief People & Technology Officer

About ISS A/S

ISS A/S is recognized as a leading global provider of workplace and facility service solutions. The company’s commitment is to foster engagement and well-being among people while minimizing environmental impact and ensuring property maintenance. This mission is propelled by an integrated combination of data, insights, and service excellence across various locations globally, including offices, factories, airports, and hospitals. With a workforce exceeding 320,000 employees, ISS refers to its team as 'placemakers.' In recent financial reports, the Group boasted a revenue of DKK 78.7 billion, underscoring its successful positioning in the industry.

Frequently Asked Questions

What prompted the changes in the Executive Group Management Team?

The changes are part of ISS A/S's strategic review of its OneISS strategy, aimed at improving execution and profitability.

Who are the new members of the ISS A/S Executive Team?

The Executive Team now includes Kasper Fangel, Mads Holm, Troels Bjerg, Carl-Fredrik Bjor, and Liz Benison.

What roles did the departing executives hold?

Agostino Renna was the Chief Commercial and Communication Officer, Markus Sontheimer served as Chief Information and Digital Officer, and Celia Liu was the CEO of Central and Southern Europe.

Is the organizational structure of ISS A/S changing significantly?

No, while the Executive Group Management Team has been reduced, the external regional reporting structures will remain unchanged.

How does this impact ISS A/S's future outlook?

The outlook for the company remains focused on executing strategies for profitable growth, supported by the streamlined management team.

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