Pandora CEO Allan Leighton will resign in March 2015.
His successor is the current CEO of Scandinavian Tobacco Group, Anders Colding Friis.
And the present CEO of Arla, Peder Tuborgh, is proposed as new Chairman.
The replacement is described as a controlled succession. When Pandora’s former CEO Bjørn Gulden stopped in the summer of 2013, and the former chairman Allan Leighton was put in as CEO, Marcello Bottoli was appointed as Chairman, but now there’s a total switch in the top of the jewelery group.
Bottoli said earlier this year that he would resign from the post of president. He was, moreover, interim CEO of Pandora, as Mikkel Vendelin Olesen dropped off after a significant downgrade in 2011.
Anders Colding Friis is the fifth man who gets the title of CEO of jewelry company since its listing in 2010.
Pandora’s been in the spotlight for several reasons lately.
It will move its headquarters from western Copenhagen to Havneholmen in Copenhagen’s South Harbour. And lawsuits are coming up for Pandora and the Pandora-management regarding the IPO back in July 2011.
Pandora currently has a market value of 50 billion DKK.