Milestone Systems CEO resigns

Lars Thinggaard decided to leave company in April 2020
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Wednesday, March 11, 2020

COPENHAGEN—Milestone Systems’ Board of Directors announced that Lars Thinggaard, president and CEO has decided to resign, prompting the board to start an open search to appoint a successor. During the intervening period, Lars Larsen, chief financial officer, Milestone Systems, will serve as interim CEO. 

“I am very grateful to Lars for the energy, vision and heart that he has dedicated to Milestone employees and the community partners,” Lau Normann Jørgensen, chairman, Milestone Group, said in the announcement. “Please join me in wishing Lars the absolute best in all his future plans and endeavors. 

Larsen added, “I would like to echo Lau’s thanks; Lars has played a crucial role in the development of Milestone. Looking ahead, Milestone is a strong company and well positioned to continue as a leader in the open platform video management software business.” 

Thinggaard served as president and CEO for 17 years at Milestone, and before, as a member of the non-executive board. For the last six years, since the company’s acquisition by Canon Group in 2014, he has led Milestone as a standalone company in the group. Under his leadership, Milestone has developed into a growth company with a strong team and a great future. 

Looking ahead, as investor and non-executive chairman of several companies in the startup community, Lars sees that now is the right time to move on and focus on these new initiatives. He would also like the flexibility and time to promote his new book, “Tech for Life,” that is about to be published.