The pension fund ATP is looking for a new CEO. The current CEO, Bo Foged, has announced that he wants to resign from his position. ATP announced this in a press release.
Bo Foged will resign from his position at ATP by the summer at the latest. He will then start a position as partner and CFO at Copenhagen Infrastructure Partners (CIP).
With his job change, he also changes sides in the fight to win the right to build Denmark's first energy island in the North Sea. CIP is thus standing together with Andel and the pension companies PensionDanmark and PFA, behind the consortium VindØ, which is aiming to win the task, while ATP has allied itself with Ørsted in the energy island battle.
In the press release, Bo Foged calls it an "incredibly difficult decision" to say goodbye to ATP, which he has been a part of since 2015.
- I will miss the many stakeholders and the very special spirit that thrives here. I have no doubt that the employees of ATP have a special awareness of the social responsibility that we bear and promise in ATP. And that enables people to create some truly unique results, says Bo Foged.
The board of directors of ATP has initiated an external recruitment process to find Bo Foged's replacement. Bo Foged joined ATP in January 2015 as CFO. He was subsequently appointed acting CEO in November 2018. A position he has held since, after he accepted the job as CEO in June 2019.
ATP stands for Arbejdsmarkedets Tillægspension and is a mandatory pension scheme that covers both employees and people on transfer income. It was introduced in 1964 and currently covers 5.4 million Danes.
In addition to managing a portion of the Danes' wealth, ATP is responsible for administering a wide range of public services. Overall, ATP has a cash tank of a whopping 947 billion kr.
amp / Ritzau
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