Denmark: Nils S. Andersen will leave his position as President and CEO of Carlsberg

Nils S. Andersen will leave his position as President and CEO of Carlsberg, according to company�s press release, June 21.

"Nils S. Andersen has made a tremendous contribution to Carlsberg's success and under his leadership Carlsberg has developed into a very strong, international Group with good prospects for further growth and value creation to our shareholders. We are sorry that Nils has decided to leave Carlsberg, but we also congratulate him with yet another very exciting position," Povl Krogsgaard-Larsen, chairman of Carlsberg A/S's Board of Directors said.

Nils S. Andersen says: "I am leaving a company in very good shape - with great leaders, employees and strong brands. The Carlsberg Group and I have been on a unique journey together. It could have gone on for many years if it wasn't for this new opportunity at A.P. M�ller-M�rsk, which I regard as a very exciting challenge at the right time of my life."

Carlsberg's Board of Directors will now initiate the process of finding a successor who, together with Carlsberg's senior management, will continue the development of the Carlsberg Group in line with the Group's strategy.

Nils S. Andersen has been with Carlsberg for more than 20 years; the past six years as President and CEO. The exact time of his resignation has not been finally determined, but it will take place no later than mid-November after the announcement of Carlsberg's 3rd quarter results.

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