Hempel A/S announces that CEO Pierre-Yves Jullien will be succeeded by Henrik Andersen, Group COO of ISS A/S, by March 1st 2016.

Henrik Andersen has been with ISS A/S since 2000, since 2011 as Member of the Executive Board, first as Group CFO and from 2013 Group COO, EMEA and following a recent change been appointed in his current position as global Group COO. Prior to returning to Copenhagen in 2011, Henrik spent 7 years in the UK starting as CFO and from 2008 to 2011 as CEO for ISS UK and its 43,000 employees. During his tenure, ISS UK grew from GBP 500m to GBP 925m in turnover and more than doubled earnings.

ISS A/S is one of the world´s largest facility services providers with more than 500.000 employees, operations in 77 countries and revenue of DKK 74 billion in 2014 and has become a truly global organization with operations and customers in Europe, Asia, Pacific and the Americas. Prior to joining ISS A/S, Henrik spent more than 10 years with Jyske Bank. Henrik has a Master of Law from the University of Aarhus and diploma in International Finance from the Business School of Aarhus. Henrik is a non-executive director of the Board of Vestas A/S since 2013, where he is Chair of the Audit Committee and also has a position as member of the investment committee of Maj Invest PE IV.

Commenting on the succession, Chairman of the Board Richard Sand says: “I am proud and delighted that Hempel has been able to attract a capacity like Henrik Andersen to succeed Pierre-Yves Jullien when he retires next year. Hempel has been undergoing a significant and extremely successful development and transformation during the tenure of Pierre-Yves Jullien and it is important that Hempel will continue this journey of profitable and strong growth to become one of the world’s 10 leading coating suppliers. Henrik Andersen brings the global perspective from a larger global company where he has played a pivotal role in a successful transformation of a global company with a long history. I am looking very much forward to the future co-operation with Henrik Andersen and the rest of the executive management”.

Henrik Andersen comments: “I am thrilled and honoured to be taking the leadership of the Hempel Group. It is a company with a long proud history and distinguished heritage, which has expanded successfully to new segments within coatings, which provides an excellent platform for further expansion through acquisitions and organic growth. Backed by the ownership of the Hempel Foundation and a highly skilled and dedicated organization, I see a strong commitment and ambition to grow the company, which is highly appealing to me and I look forward to the co-operation with my new colleagues and our customers in many countries across the operations of Hempel”.