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Royal Greenland has named Toke Binzer as the brand new CEO of the seafood main following the departure of Susanne Arfelt Rajamand in February.
Binzer, whose appointment will take impact on 1 December, will take over from interim CEO Preben Sunke.
Sunke has held the place since Arfelt Rajamand left the enterprise.
Royal Greenland is within the midst of a restoration programme after launching its ‘again to black’ turnaround technique final yr.
Asserting its first-half leads to August, the corporate mentioned it’s focusing on an EBIT margin of 5% in 2027 beneath the plan and annual revenue earlier than tax of DKr250m ($39.3m).
It delivered a loss earlier than tax of DKr11m over the six months, in comparison with a DKr59m loss a yr earlier. The EBIT margin climbed to 1% versus a destructive 0.4% within the corresponding interval.
Binzer’s earlier roles had been at worldwide firms IBM and TDC, the place he labored on “complicated transformation and improvement duties”, Royal Greenland mentioned in an announcement.
As well as, Binzer has held a director place at Tusass, a Greenlandic postal and telecommunications entity.
The “mixture of worldwide expertise and native perception makes him notably suited to guide an organization that’s each a global market chief and a central societal participant in Greenland”, Royal Greenland added.
Royal Greenland chairman of the board Niels Thomsen mentioned: “It’s with nice pleasure that Royal Greenland welcomes Toke Binzer. The board seems ahead to the alternatives his expertise and management fashion will deliver.
“We share the ambitions of excessive professionalism, execution energy, and a robust anchoring in Greenland – so I’m very a lot wanting ahead to the collaboration.”
Thomsen was named as chairman of the board in August, succeeding Maliina Abelsen, who had been within the place since 2022.
On the change of CEO, the outgoing Sunke mentioned: “It has been an honour to guide Royal Greenland, albeit for a short while. I now look ahead, along with the remainder of the board, to collaborating with Toke to execute the technique and restore the economic system.”
Within the first half of 2025, the corporate posted a 1.1% decline in income from the corresponding interval of 2024 to DKr2.61bn.
There was an enchancment within the firm’s EBIT, which recovered to a DKr27m revenue from an EBIT lack of DKr11m within the earlier yr.
The optimistic shift in EBIT was reported in opposition to the destructive outcomes recorded in 2023 with a lack of DKr61m.
Though the corporate reported a internet lack of DKr16m for the interval, it marked an enchancment over the bigger losses of DKr63m in 2024 and DKr90m in 2023.
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