A new Executive Group Management at Hempel A/S will lead the way to doubling its revenue to 3 billion euro by 2025, with a simpler organizational set-up, even more closely aligned with customers, the group announced in a press release on 14 December.
“I’m thrilled to announce today’s changes,” said Lars Petersson, Group President & CEO. “My new leadership team will lead a new way of working at Hempel we have organised our business in an even more customer-focused structure, which will unleash potential and energy from the organization to deliver on our Double Impact strategy.”
Hempel’s commercial activities are now organised into key segments: Marine, led by Executive Vice President, Alexander Enström; Energy & Infrastructure, led by Executive Vice President, Michael Hansen; and Decorative, led by Executive Vice President, Joe Devitt.
Chief Operations Officer and Executive Vice President, Katarina Lindström, now heads up Technology & Operations; Chief Financial Officer and Executive Vice President, Lars Dollerup now oversees Finance & Digital; and Chief People & Culture Officer and Executive Vice President, Pernille Fritz Vilhelmsen is at the helm of People & Culture. Strategy & Transformation is also joining the EGM, headed up by Vice President, René Overgaard Jensen.
“A year into our Double Impact strategy and we’ve made great progress,” continues CEO, Lars Petersson. “We’re on track, but from hereon in, the mountain gets steeper and we have changed the way we work to enable us to grow at a faster rate, and ready ourselves for scaling up the business with future acquisitions.”
The new Executive Group Management replaces the former matrix structure with a two-tier leadership, including an Executive Management Board and an Operational Management Board. The new way of working gives Hempel a simpler organisational structure, with clearer roles and responsibilities, enabling future growth and closer alignment with customers.
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