Henrik Brandt is set to become STG’s new chairman.
Scandinavian Tobacco Group’s (STG) board of directors intends to elect Henrik Brandt as chairman as Nigel Northridge has decided to retire at the next annual general meeting (AGM).
Northridge informed the board that he will not stand for re-election at the AGM on 31 March 2022. He joined the board of directors in 2016 and has been chairman of the board of directors since 2017.
Subject to the elections at the AGM this March, the board will elect Henrik Brandt as the new chairman of the board of directors. Brandt joined the board in 2017 as vice-chairman.
“Nigel has been the chairman during a period of significant change and growth for Scandinavian Tobacco Group. During his tenure, the company has developed from being newly listed to a stronger company with a clear strategy in place for the future. Nigel deserves a lot of credit for having led this development. I also wish to thank the board of directors for their confidence in me as they express their intention to elect me as the future chairman,” said Brandt.
Brandt has extensive executive and non-executive experience in leading international, publicly-listed, and private equity businesses. His career has among other included executive positions in the tobacco industry (House of Prince A/S and Scandinavian Tobacco Company A/S) and most recently (2008-2017) a very successful role as c.e.o. of Royal Unibrew A/S. He currently holds the following positions in addition to being vice-chairman of the board of directors of STG: chairman of the board of Toms Gruppen A/S, Fritz Hansen A/S, Intervare A/S (and its subsidiary nemlig.com A/S) and Danish Bake Holding ApS (Ole & Steen). He is also a member of the board of directors of Ferd Holding as, Gerda & Victor B. Strands Foundation, Gerda & Victor B. Strand Holding A/S, and Social Grill ApS.