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Danish Industriens loses CFO

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  • Danish Industriens loses CFO

DENMARK - Jan-Ole Hansen, chief financial officer of the Industriens Pension, Denmark's DKK46.7bn (€6.25bn) industry-wide pension fund for blue collar workers, has left the fund.

The company confirmed today Hansen departed in mid-December, though it is unclear if he has joined another company.

Erik Adolphsen, the managing director of the fund, told IPE Industriens has yet to find Hansen's replacement.

He added: "We have not yet made a decision on how to replace him," saying the fund is not actively looking for someone else at the moment.

The fund announced in December it had set its account yield at 6.5% after tax for 2008, despite a fall in investment returns.

The scheme set the rate it gives members on their pension savings at 5% in December 2006, though it then announced in March it was lifting this to 6.5% following good 2006 results.

If you have any comments you would like to add to this or any other story, contact Carolyn Bandel on +44 (0)20 7261 4622 or email carolyn.bandel@ipe.com

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