The Board of Directors of MT Højgaard Holding has effective today hired Steffen Baungaard as new group CEO. He replaces Henrik Mielke whom will continue to be associated with the group in a transition period and complete ongoing assignments. Steffen Baungaard is a professional board member with strong strategic competencies and deep insight into the value chain of the construction industry.

He has around 25 years of experience from positions as CEO of HusCompagniet and group executive director at NCC Danmark as well as board work in several Nordic construction and civil works companies and suppliers to the industry. Steffen Baungaard has been an independent member of the Board of Directors of MT Højgaard Holding since 2021 and has detailed knowledge about the group?s strategic opportunities and challenges. As a member of the Board of Directors?

international committee, he has most recently played a key role in the completion of the strategic process for MT Højgaard International and the decision to wind down the business unit to focus on the group?s profitable and growing Danish core business (company announcement no. 14/2023). In connection with his appointment as group CEO, Steffen Baungaard leaves the Board of Directors of MT Højgaard Holding today, and he will also step down from other board positions in the construction and civil works industry.

Steffen Baungaard will form the Executive Board of MT Højgaard Holding with CFO Rasmus Untidt.