Milestone Systems President and CEO Lars Thinggaard to Step Down

The company’s CFO Lars Larsen will serve as interim CEO as the board of directors conducts an open search to appoint a successor to Thinggaard.

COPENHAGAN — Milestone Systems announces that Lars Thinggaard, president and CEO, has decided to leave the company.

The company’s board of directors has started an open search to appoint a successor to Thinggaard, according to the announcement. During the intervening period Milestone Systems CFO Lars Larsen will serve as interim CEO.

“I am very grateful to Lars for the energy, vision and heart that he has dedicated to Milestone employees and the community partners,” states Lau Normann Jørgensen, chairman, Milestone Group. “Please join me in wishing Lars the absolute best in all his future plans and endeavors.”

Larsen comments, “I would like to echo Lau’s thanks, Lars has played a crucial role in the development of Milestone. Looking ahead, Milestone is a strong company and well positioned to continue as a leader in the open platform video management software business.”

Thinggaard has served as president and CEO for the past 17 years and previously was a member of the non-executive board. For the past six years, since the company’s acquisition by Canon Group in 2014, he has led Milestone as a standalone company within the Group.

Under his leadership, Milestone has developed into a growth company with a strong team and a great future, according to the announcement, which continues: Looking ahead, as investor and non-executive chairman of several companies in the startup community, Lars sees that now is the right time to move on and focus on these new initiatives. He would also like the flexibility and time to promote his new book, “Tech for Life,” that is about to be published.

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