Pictured: Jens Lund, Group CEO of DSV Group
Andersen has stepped down after more than 15 years in charge of the DSV Group, promoting Lund from the positions of Group COO and Vice CEO.
Brian Ejsing will fill Lund’s old position of Group COO and join the Executive Board having been CEO of DSV Solutions and part of the Group Executive Committee since 2012.
Thomas Plenborg, Chairman of the Board of Directors of DSV A/S, says, “Jens Bjørn Andersen has delivered incredible results and significant value for our shareholders since 2008, and on behalf of the Board of Directors, I would like to take the opportunity to, once again, thank Jens Bjørn for his contribution over the years. I also welcome Jens Lund as our new Group CEO. Jens has an innovative mindset and deep knowledge of our industry, and I am confident that Jens and the team around him will drive DSV's continued journey.”
From today (Thursday 1 February 2024), the DSV Executive Board consists of Group CEO Jens Lund, Group COO Brian Ejsing and Group CFO Michael Ebbe.
Changes have been made to the Group Executive Committee with Albert-Derk Bruin appointed CEO of DSV Solutions, Morten Landry succeeding Rene Falch Olesen as Group CCO and Frank Sobotka being appointed CEO DSV Air & Sea.
DSV has also released its 2023 results, with revenue down 34.1% to 150.7 billion Danish krone ($21.8 billion), gross profit was down 13.4% to 43.8 billion krone and EBIT before special items fell by 27.4% to 17.7 billion krone, which the company says was in line with expectations following the exceptional results of 2022.
EBIT before special items for the Air & Sea division fell 33.1% from 20.6 billion krone in 2022 to 13.3 billion krone in 2023 as the market returned to normal and the general macroeconomic slowdown and reduction in global inventory impacted activity levels.
Commenting on the results, outgoing CEO Andersen says, “DSV delivered solid financial results for 2023, in line with our expectations. In a market characterised by declining demand for transport services across most markets, we demonstrated our ability to adapt to changing market conditions, and our dedicated employees continued to deliver excellent customer service.”