DENMARK – Danish Crown, a renowned meat company, is searching for a new CEO after Jais Valeur announced his resignation.
Valeur, who came on board in 2015 from Arla Foods, will stay on until a replacement is appointed.
This leadership shift comes with the aim of ensuring a smooth handover as the company implements its new strategy.
Valeur’s decision to step down prompted the board to expedite the CEO search.
“While I’ve made strides at Danish Crown, the upcoming years present significant challenges that demand a long-term leadership vision,” Valeur stated.
This CEO change follows the departure of chairman Erik Bredholt last year, who caused a stir by suggesting potential investor interest in certain company divisions.
The company is also pursuing a previously announced two-year plan to increase earnings by at least 1.5 billion Danish kroner (US$218.8M) through efficiency initiatives and cost reductions.
Danish Crown’s most recent financial results, covering the first half of 2024, show a slight decline. Revenue dipped to DKK 33.5 billion (US$4.9B), reflecting a 2.9% decrease.
Gross profit and net profit also experienced a downward trend, falling by 2.7% and 15% respectively.
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