Penneo ApS announced that Michael Moesgaard Andersen has informed the Board of Directors of the company that he, as of July 7, 2021, has decided to step down from his position as member of the Board of Directors. The Board of Directors recommends that Steffen Heegaard will be elected as a new member of the Board of Directors at the next ordinary shareholders meeting. As an independent board member, Steffen Heegaard will be a unique addition to the existing board competencies and a key contributor in realizing Penneo's capital market aspirations.