– DENMARK , Copenhagen – Today, GN Store Nord has appointed Niels Svenningsen as CEO of GN Netcom and member of GN Store Nord’s executive management team, effective as of January 1, 2014. Niels Svenningsen replaces Mogens Elsberg, who has decided to resign from his position as CEO of GN Netcom to pursue other career opportunities.
“I have greatly enjoyed the challenges at GN Netcom, and I am proud of the results we have delivered. After I joined the company in 2009 we set out highly ambitious targets for 2013 – to double the EBITA margin in just three years. Today, being just a few weeks from delivering on the targets, I strongly believe that the time is right for me to explore other career opportunities and thereby hand over the CEO role to someone who has a proven track record of delivering strong growth with companies like GN Netcom. I will be working closely with Niels Svenningsen to facilitate a smooth leadership transition”, Mogens Elsberg says.
Niels Svenningsen comes from a position as Senior Vice President in Hitachi Data Systems. Based in Zurich, he has been responsible for driving the growth of Hitachi Data Systems business across Europe, Middle East and Africa. He has extensive experience in the IT sector, including senior management positions in HP, IBM, Compaq, Topnordic (now Atea) and earlier in his own IT company. Niels has a bachelor’s degree in Economics from Copenhagen Business School.
“We are very pleased to welcome Niels to GN Store Nord as the CEO of GN Netcom as we embark on our new strategic plan. We want to continue to grow rapidly, and we have significant opportunities in front of us. I am very pleased that we have been able to attract Niels to GN Netcom to lead our team as we focus on our new targets. With his broad experience from global technology companies as well as his extensive knowledge of the key markets in which GN Netcom operates and competes, the board is convinced he will serve us well in the next step of our journey to drive strong growth through innovation and commercialization”, Per Wold-Olsen, Chairman of the GN Store Nord Board of Directors, says.
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