Wallenius Wilhelmsen has appointed a new top manager

The board of the car transport company Wallenius Wilhelmsen has appointed Lasse Kristoffersen as the new top manager in the company. It appears in a stock exchange announcement on Monday morning.

Kristoffersen will start in his new role no later than 1 June 2022.

“We are very pleased to welcome Lasse Kristoffersen to Wallenius Wilhelmsen. With his background and experience, we are confident that he, together with our experienced team, will continue to strengthen the company’s competitive advantage, for the benefit of our customers, employees, investors and other shareholders, “says Chairman of the Board Rune Bjerke in the stock exchange announcement.

Kristoffersen comes from Torvald Klaveness, where he has been top manager since 2011. Before that he worked at DNV, among other places. He has a master’s degree from NTNU.

“I look forward to starting with Wallenius Wilhelmsen and becoming part of its fantastic team. I am impressed by the global impact the company has and see exciting opportunities for the coming years. In a world that is being decarbonised and digitized, Wallenius Wilhelmsen is well positioned to continue to create new and sustainable solutions, “says Kristoffersen himself in the report.

“The board has carried out a thorough, global application process to fill the position. Kristoffersen brings with him a wealth of experience from shipping, logistics, technology, sustainability and security – a unique combination that we believe makes him particularly suitable for leading Wallenius Wilhelmsen, “Bjerke continues.

The board thanks Torbjørn Wist, who has been the company’s acting top manager since March this year. He will continue in the role until Kristoffersen starts.

Analysts impressed

Wallenius Wilhelmsen has a market value of around NOK 17 billion. So far this year, the share has risen 73.7 percent on the Oslo Stock Exchange.

When the company released its third-quarter figures earlier in November, analysts were thrilled. Pareto Securities, SEB and DNB Markets all raised their share price targets and repeated their buy recommendations.

The price targets were adjusted upwards to NOK 60, 55 and 57, respectively. Before the stock market opens on Monday, the price is NOK 40.3.

Pareto wrote that the company once again delivered well, and expected a return to strong free cash flow and good dividends.

SEB wrote that due to the strong market, Wallenius Wilhelmsen is now in a better situation to negotiate higher rates when renewing the contracts for 2022 and 2023.

DNB Markets wrote that the third quarter report “ticked all the boxes” and confirmed an upward trend. DNB then, like Pareto and SEB, expected strong demand in the coming years, in a segment that has been in decline for almost a decade. (Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using a link, which leads directly to our pages. Copying or other use of all or part of the content may only take place with written permission or as permitted by law. For additional terms look here.

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