Company Announcement to the Danish Financial Supervisory Authority No.
16-2012, 13 March 2012
Mr. Christian Jepsen, Group Executive Vice President of FLSmidth & Co. A/S since
2005 has decided to seek new challenges outside FLSmidth and therefore wishes to
resign at the latest by end of July this year.
Until then, Mr. Jepsen will continue as member of the Group Executive
Management, heading the Bulk Materials Division, and prior to Mr. Jepsen's
departure, an internal replacement as head of the Bulk Materials Division is
expected to be in place.
Mr. Jepsen has been heading the Group's Minerals activities since 2007 out of
Pennsylvania, USA, and he has been employed by the FLSmidth Group since 1990.
Mr. Jepsen has successfully grown the Minerals business since the acquisition of
GL&V Process and has played an instrumental role in defining the new strategy
and the organisational structure to support the strategy - as announced on 21
February 2012.
"We regret that Christian Jepsen has decided to leave FLSmidth, however,
sometimes you just have to pursue the good opportunities, and we are pleased
that Christian is joining one of our major customers, and we wish him all the
best and a lot of continued success," says Group CEO Jørgen Huno Rasmussen.
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Please address any questions regarding this announcement to Chairman of the
Board of Directors Vagn Sørensen, FLSmidth & Co. A/S at +45 36 18 18 00.
For further information about FLSmidth, please visit www.flsmidth.com.
On behalf of the Board of Directors
Vagn Sørensen
Chairman of the Board of Directors
[HUG#1593462]
