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the case is being updated …
Henning Jensen resigns as head of the auto parts maker with immediate effect, according to a stock exchange announcement. He has led the company since June 2016.
Norbert Loers and Robert Pigg are currently assuming the role, with responsibility shared between the two, until the board has hired a new boss.
Loers is currently the company’s CFO, a position he has held since 2017, while Pigg has previously held the position of director in one of the company’s business areas.
In the report, the Kongsberg Automotive Board writes that it thanks Jensen for his efforts over many years at the company and refers to the recovery operation and management of the company through the current crown crisis.
The stock exchange announcement says nothing about why Jensen is resigning. E24 tried to contact the company on Sunday night, but without success.
Kongsberg Automotive has gone through a difficult period as a result of the crown crisis, with large deficits and the company has had to ask shareholders for a solid capital replacement.
In a crisis problem this spring, the company raised NOK 1 billion by issuing new shares at a price of 10 øre, corresponding to a discount of more than 90 percent.
The issue attracted several well-known investors such as Øystein Stray Spetalen and Arne Fredly, but they quickly began selling their shares.
When Kongsberg Automotive presented the financial report for the second quarter, the CEO said that the company is fully funded until 2021 given the market situation.
Kongsberg Automotive was one of the first companies affected by the crown crisis. First as a result of supply chain disruptions and then as a result of many of the world’s automakers, who are the company’s customers, stopping car production for a period.
