February 4, 2019

Arla Foods appoints new member to executive board

The appointment has been made to further strengthen the leadership and corporate governance of the company's growing operations, in what it sees is an increasingly complex, fast moving and volatile global food industry. It is effective from February 1.

Commenting on the announcement, Arla Foods chairman Jan Toft Nørgaard, said: "Arla Foods is large and complex global company with a highly experienced CEO at the helm. Throughout much of our history we have had an executive board member who has acted as a sparring partner to the CEO, in addition to carrying out specific executive duties... However since Povl Krogsgaard's retirement just over a year ago, we have operated without that role and therefore I am pleased that, with the appointment of Peter Giørtz-Carlsen, we are re-establishing a two person executive board."

"Arla recovered from a challenging start to 2018 to finish the year strongly. We have a very exciting and demanding agenda ahead of us as we pursue an ambitious growth plan outside of Europe, and embark on a number of major initiatives that will make our entire value chain more sustainable," said Arla Foods CEO, Peder Tuborgh.

"At the same time, we face challenges due to Brexit. I am therefore pleased that the board of directors and I can now re-establish a two-man executive board, to share some of the tasks that can only be undertaken by the top management board. I have worked with Peter since he joined Arla and am now looking forward to working with him in his new capacity. Peter will continue to lead our European business, and there will be no further changes in the roles, responsibilities or reporting lines of my current executive management team. "

Giørtz-Carlsen joined Arla Foods' corporate strategy office in 2003.

He previously held the position of managing director in two of the company's markets, namely Denmark and the UK, before being appointed executive vice president (Europe) in 2016.

- Arla