A/S: Mette Rode Sundstrøm to leave position as CEO during 2017

Udgivet den 27-03-2017  |  kl. 09:00  |  

Mette Rode Sundstrøm to leave position as CEO during 2017

No. 03/2017
Copenhagen, 27 March 2017 A/S's and Group A/S's CEO Mette Rode Sundstrøm has informed the Board of Directors that she intends to resign her position. The search for a new CEO will commence immediately, headed by the Chairman of Group's Board of Directors, Bengt Sundstrøm. Mette Rode Sundstrøm will remain in her position until a new CEO has been recruited, with continued focus on executing the management's strategy plan 2017. She is expected to take on a new role as board member of Group A/S, with responsibilities in areas such as international strategy, acquisitions and branding.

Mette has worked for during 16 years, whereof 12 as CEO. She has done a tremendous job in leading the company and has built up's concept, identity, and network of auction houses. We have always shared's vision to democratize the auction world, making art, design and antiquities accessible for the modern consumer. Mette's strong focus on diversity within our customer group and auction assortment has been a vital success criterion for our growth. I fully respect her ambition to hand over the daily leadership to a new CEO, which will free up time for Mette to develop a new role within to leverage on her more strategic and entrepreneurial skills. We expect to have a new CEO in place during 2017, comments Bengt Sundstrøm. has shown a yearly average auction turnover growth of over 25% since the start in 1999, with an auction turnover in 2016 of over DKK 1 billion and the highest EBITDA ever of DKK 46.3m. The number of auction houses has during the same period increased from 1 to 28 in five countries. registers around 6.2 million online visitors and more than 13,000 new customers every month.

I am grateful to have participated in's amazing journey in the last 16 years. initiated a paradigm shift in the international auction industry when we in 1999, as the first auction house in the world, converted from physical to online auctions. Bengt and I have, with our competent organization, built up as the first mover within online auctions. I believe that we now need a more process-oriented CEO profile to execute the continuing operational roll-out of internationally, by scaling our systems and optimizing our processes and earnings. This will also allow me to give my best to in a new more strategic role on the board, explains Mette Rode Sundstrøm.

For press enquiries, please contact: Astrid-Louise W. Lidforsen,
e-mail, tel. +45 2689 8737.

Certified advisor: Erik Penser Bank, Stockholm

This information is information that A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, at 9.00 am CET on 27 March 2017.

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: A/S via Globenewswire


Udgivet af: NPinvestordk

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