Change at Royal Unibrew
CEO Henrik Brandt to step down by June 2017
There’s a change at top the in the offing at Scandinavian regional brewer Royal Unibrew. After eight transformational years as chief executive officer Henrik Brandt is to step down.
His successor is someone who’ll have familiarity with Royal Unibrew’s strengths and weaknesses, particularly in its Danish home market. Jesper B Jorgensen worked for Carlsberg in a number of roles, including five years as managing director of Carlsberg Denmark.
It’s potentially a slow transition. Jorgensen is to become CEO no later than the 1st June 2017, with Brandt said to be focusing on non-executive directorships and advisory roles in future.
In his eight years as CEO Brandt can be credited with transforming the fortunes of Royal Unibrew. His most notable success will most likely be remembered as the acquisition of Finnish brewer Hartwell in 2013. Its three million hectolitres pushed Royal Unibrew up to 8.4mhl, including its existing brewing operations in Denmark and the Baltics States.
Board chairman Kare Schultz congratulated Brandt on his performance. “Henrik Brandt has headed an incredible turnaround of the company that was in serious financial disarray eight years ago. Today Royal Unibrew is a strong regional beverage company, financially as well as commercially.
“Through divestitures and acquisitions among others, Henrik Brandt has ensured significant growth in revenue, profit and market value.”
To judge from its top line figures, today the company is in robust financial health. Royal Unibrew’s latest quarterly financial results, nine months to the end of September, showed a six per cent gain in net revenue to DKK 4.874 million. Earnings before interest and tax were up DKK 50 million above the 2015 figure.