Danish pensions giant takes internal move to find new CEO

Danica Pension has ended a four-month recruitment period by promoting its deputy chief executive, Søren Lockwood, as the next leader of the Danish pension company.

Its former CEO, Ole Krogh Petersen, left in February this year to join rival pension company PFA.

Lockwood, who joined Danica Pension as commercial director and deputy managing director in 2018, has served as interim managing director since Krogh Petersen’s departure.

Danica Pension board chairman Glenn Söderholm said the board decided to promote Lockwood because of his contributions to the company’s growth over the past few years.

“Danica Pension has experienced solid and profitable growth in recent years and has a strong market position with strong multi-year after-cost returns, proactive customer advice, a strong focus on sustainability and the best care solutions market health.

“Søren deserves a lot of credit for this, as well as the rest of the management and the many skilled employees,” Söderholm said.

Lockwood has spent more than two decades in senior management positions in Nordic pension companies, starting as Corporate Sales Director at SEB Pension in 2001. He then became Commercial Director and Board Member in 2011 and became CEO of SEB Pension in 2013.

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