Carlsberg appoints head of services provider ISS as new CEO

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Jacob Aarup-Andersen will replace Cees ‘t Hart, who said earlier this month he would retire by the end of the third quarter.

The exact starting date of Carlsberg’s new CEO would be announced later, the brewer said in a statement.

Carlsberg’s shares extended gains on the news, trading 4% higher at 1444 GMT, while ISS’ shares fell 6%.

Aarup-Andersen became CEO at ISS in 2020 after he had been rejected by Denmark’s financial regulator to take over the helm in Danske Bank, the country’s largest lender, on the grounds that his banking experience was not sufficient.

(This story has been refiled to add new CEO’s first name in paragraph 2)