Danske Bank A/S Changes To The Executive Board And Organisation Of Danske Bank A/S

TIDMDANSKE 
 
 
 
 
Company announcement no. 16 2019    Holmens Kanal 2-12 
                                     DK-1092 København K 
                                     Tel. [phone] 
                                     5 September 2019 
 
 
   Changes to the Executive Board and organisation of Danske Bank A/S 
 
   Danske Bank has appointed two new Executive Board members, Stephan 
Engels and Berit Behring, while Executive Board members Jim Ditmore, 
Frederik Gjessing Vinten and Christian Baltzer will leave their 
positions. Executive Board member Jacob Aarup-Andersen will get a new 
area of responsibility. 
 
   Furthermore, the organisation is adjusted, with Group Development being 
dissolved as most of its activities are transferred to the banking units 
in order to bring development activities closer to the customers and 
create a simpler and more efficient organisation. The Private Banking 
activities, which have been part of the Wealth Management unit, are also 
transferred to the banking units to ensure better alignment of our 
various banking offerings. Going forward, the Executive Board will be 
named the Executive Leadership Team. 
 
   Stephan Engels becomes CFO. Christian Baltzer leaves his position 
 
   Stephan Engels has been appointed Chief Financial Officer and new member 
of the Executive Leadership Team. He has been CFO of Commerzbank since 
2012. He is expected to take up the position in April 2020. Christian 
Baltzer, who has been Chief Financial Officer since 2018, will leave his 
position with Danske Bank. 
 
   Jacob Aarup-Andersen becomes Head of Banking DK 
 
   Until Stephan Engels takes up his position with Danske Bank, the current 
Head of Wealth Management, Jacob Aarup-Andersen, will act as CFO. He 
will subsequently take up the position as head of the banking activities 
in Denmark (Banking DK). 
 
   Berit Behring becomes Head of Wealth Management 
 
   Berit Behring is appointed Head of Wealth Management and new member of 
the Executive Leadership Team. Berit Behring has been with Danske Bank 
Sweden since 2007, the past two years as Country Manager. Berit Behring 
will also take Group-wide responsibility for our Societal Impact & 
Sustainability activities and for Danske Bank in Northern Ireland. 
Concurrently with her new areas of responsibility, Berit Behring will 
act as interim Country Manager for Sweden until a replacement has been 
appointed. 
 
   Jim Ditmore leaves his position. New COO to be recruited 
 
   Jim Ditmore, who has been Head of Group Services & Group IT (Chief 
Operating Officer) since 2014, is leaving his position. Danske Bank has 
initiated a recruitment process to find a new COO. Until that process is 
completed, CEO Chris Vogelzang will head the COO area. 
 
   Group Development is dissolved. Frederik Gjessing Vinten leaves his 
position 
 
   Since Group Development is dissolved, Frederik Gjessing Vinten is 
leaving his position as Head of Group Development and member of the 
Executive Board, a position he has held since 2018. Frederik Gjessing 
Vinten will remain with Danske Bank until mid-November to ensure a 
smooth transfer of the development activities and support the completion 
of a number of tasks. 
 
   CEO Chris Vogelzang says: 
 
   "I am pleased to present two new strong members of the Executive 
Leadership Team. Stephan Engels, who will be our new Chief Financial 
Officer, brings strong execution expertise and management experience 
from banking and other sectors. Berit Behring has delivered strong 
results during her 12 years at Danske Bank, most recently as country 
manager in Sweden, where she has spearheaded a successful growth 
strategy that has made Danske Bank a significant challenger in that 
market. I have no doubt that, together with the rest of the executive 
team, they will make considerable contributions to Danske Bank's future 
development." 
 
   "At the same time, I want to thank Frederik Gjessing Vinten for his 
dedicated efforts in various positions at Danske Bank over several years 
during which he has played a key role for a number of important 
initiatives and the development of Danske Bank's strategy. I also want 
to thank Jim Ditmore for his efforts over the past five years, which 
have created a strong platform for our future operations and IT 
development. Finally, I want to thank Christian Baltzer for his 
contribution over the past year in the CFO area and across the 
organisation." 
 
   The organisational changes take effect today and will be reflected in 
the financial statements for full-year 2019 at the latest. 
 
   Danske Bank's Executive Leadership Team 
 
   Following the changes, Danske Bank's Executive Leadership Team consists 
of the following members: 
 
   Chris Vogelzang, CEO and interim COO 
 
   Berit Behring, Head of Wealth Management (new) 
 
   Carsten Rasch Egeriis, Chief Risk Officer 
 
   Glenn Söderholm, Head of Banking Nordic and interim Head of Banking 
DK 
 
   Jacob Aarup-Andersen, interim Chief Financial Officer, subsequently Head 
of Banking DK 
 
   Jakob Groot, Head of Corporates & Institutions 
 
   Philippe Vollot, Chief Compliance Officer 
 
   Stephan Engels is expected to take up his position as Chief Financial 
Officer and member of the Executive Leadership Team in April 2020. 
 
   See also the enclosed CVs for Stephan Engels and Berit Behring. 
 
   Danske Bank 
 
   Contact: Acting Group Press Officer Karl Kjær Bang, tel. +45 45 14 
14 00 
 
   Attachments 
 
 
   -- Company announcement no 16 2019 
      https://ml-eu.globenewswire.com/Resource/Download/5a2948e2-3d93-4e5e-bfaf-b44e81b7daa6 
 
 
   -- CV Berit Behring 
      https://ml-eu.globenewswire.com/Resource/Download/b5cae0c4-23e0-4844-ac03-15725f857b30 
 
 
   -- CV Stephan Engels 
      https://ml-eu.globenewswire.com/Resource/Download/1ac68a42-1995-453e-b35f-e34dcf5a8cbe 
 
 
 
 
 
 
 

(END) Dow Jones Newswires

September 05, 2019 02:44 ET (06:44 GMT)

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