MT Højgaard Holding: CEO change is continuation of policy by the same means - ABG

CFO Rasmus Untidt appointed CEO with immediate effect
Following past years' restructuring and streamlining...
...Change signals focus on disciplined portfolio development


A vote of confidence

MT Højgaard Holding (MTHH) has today announced that CFO Rasmus Untidt has been appointed CEO, with immediate effect, replacing Steffen Baungaard who has been CEO since November 2023. At the same time, Dennis Nørgaard (previous Director, Group Reporting and Controlling at NKT) who has been with MTHH since November 2023, has been appointed CFO.

The new CEO Rasmus Untidt, a 10-year veteran with MTHH with focus on strategic development, has not only been instrumental in the recent streamlining of MTHH (disposal on International operations, in particular) but implementing a more stringent focus on financial discipline and performance, as evidenced by the noticeable improvements in cash generation and ROIC.

We see the CEO change as a signal by the board that, following the past year's restructuring and streamlining activities, the future focus of the Holding company will to maintain and improve financial discipline, develop and potential expand the Holding company's portfolio in a value-added manner as well as ensure optimal working conditions for the Holding company's portfolio companies.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/mt-hojgaard-holding/Equity-research/2024/9/mt-hojgaard-holding---ceo-change-is-continuation-of-policy-by-the-same-means/