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PensionDanmark CEO to step down in October
Torben Möger Pedersen will step down from his role as CEO at PensionDanmark on Oct. 1.
“Having taken part in the foundation of PensionDanmark, becoming the first employee and the CEO for more than 30 years, I have decided to pass on the baton,” said Pedersen. “It has been a great honor and joy together with our skilled employees to be handed the task to develop PensionDanmark into an important supplier of sustainable welfare solutions for common Danes. As of Oct. 1, I will spend my time on board work, advisory tasks, my family and other private priorities.”
As of Dec. 31, 2022, PensionDanmark had €40 billion ($44 billion) of assets under management, making it one of the 50 largest pension funds in Europe. The board has initiated the recruitment of a new CEO and expects the process to be concluded by summer.
“Torben has worked tirelessly and decisively for PensionDanmark throughout three decades,” said Lars Sandahl Sørensen, chairman of PensionDan