FLSmidth & Co. A/S announced that following a successful 11-year tenure, Vagn Sørensen has decided to step down as Chairman of the Board and not seek re-election. After joining the Board in 2009, Vagn Sørensen was elected Chairman in 2011.

Since then, he has overseen FLSmidth's impressive transformation from a predominately project business to a frontrunner in sustainability with a strong strategic focus on services, aftermarket and digitalisation.