Aalborg, November 26, 2021
Sanistål A/S has appointed Claudio Christensen as the new CEO effective January 1, 2022. He replaces Christian B. Lund, who steps down today. CFO Uffe Iversen will lead the company during the transition period.
The outlook for 2021 has been downgraded as Christian B. Lund’s contractual remuneration during the transition period will be expensed in 2021.
Claudio Christensen is 55 years old and currently serves as Vice President heading IBM’s European Digital Sales Division. He has been an independent member of Sanistål’s Board of Directors since 2019 and has extensive knowledge of the wholesale and service industries from his previous position as Executive Vice President, Sales and Marketing, at Solar.
“Claudio is a modern and visionary leader with a global mindset. He has demonstrated his ability to build, operate, and transform service companies, and he has achieved good results by focusing on the strength and involvement of employees. Claudio ensures continuity through his knowledge of Sanistål and our industry, but he also brings change and first-hand experience with digital transformation and B2B sales in international service companies,” says Chairman of the Board of Directors, Anders K. Bønding.
”I am happy to hand over the company, which after some difficult years has returned to growth and has momentum in the market. Management and employees have a strong focus on continuing improvements for the benefit of customers, suppliers, and shareholders, and this mindset is a strong foundation for the future of Sanistål. I am also pleased that Claudio Christensen will continue the work, and I look forward to following the company in the future”, says Christian B. Lund.
“The Board of Directors would like to thank Christian for his great efforts and commitment over the past 20 years. Sanistål is on a good course with increasing revenue and has delivered double EBITDA earnings over the last 2 years, while strategic initiatives continue to deliver the expected results. It is therefore the right time to complete a generational change and appoint a new CEO, who will take Sanistål to the next level,” says Anders K. Bønding.
Christian B. Lund has been a member of Sanistål’s Executive Management since 2001 and was appointed CEO in 2004.
Following his appointment as CEO, Claudio Christensen will step down from the Board of Directors of Sanistål effective January 1, 2022, and a new member will be proposed for election to the Board of Directors at the Annual General Meeting in March 2022. In addition to Claudio Christensen, the Executive Management of Sanistål consists of CFO Uffe Iversen.
2021 Outlook
During the notice period, Christian B. Lund will receive contractual remuneration, which will be expensed in 2021. On this basis, Sanistål adjusts the outlook for 2021 to a reported EBITDA of DKK 150-180 million (previously: DKK 160-190 million) based on revenue of approximately DKK 3.5 billion. In comparison, EBITDA was DKK 114 million in 2020.
Sanistål has approximately 1,200 employees in Denmark, Latvia, Lithuania, and Poland.
Additional information:
Chairman of the Board of Directors, Anders K. Bønding, via Pia Kristensen at +45 41178617
Claudio Christensen CV
Born: 1966
Education: Executive MBA, Henley Management College
Career:
2017- Vice President, Digital Brand Sales, IBM Europe (Dublin)
2014-2017 Chief Marketing Officer, IBM Nordic (Copenhagen)
2012-2014 Executive Vice President, Sales and Marketing, Solar Group (Kolding)
2011-2012 Director, Marketing & Communication, IBM Denmark (Copenhagen)
2005-2011 Director, IBM Software Group, IBM Nordic (Copenhagen)
2001-2005 Country Manager, Citrix Systems (Stockholm)
1999-2001 Sales Director, WM-data (Copenhagen)
1992-1999 Director Business Development, Computacenter (London and Paris)