Royal Greenland Appoints Toke Binzer As Ceo  

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Royal Greenland has named Toke Binzer arsenic nan caller CEO of nan seafood awesome pursuing nan departure of Susanne Arfelt Rajamand successful February.

Binzer, whose assignment will return effect connected 1 December, will return complete from interim CEO Preben Sunke.  

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Sunke has held nan position since Arfelt Rajamand left nan business.  

Royal Greenland is successful nan midst of a betterment programme aft launching its ‘back to black’ turnaround strategy past year.

Announcing its first-half results successful August, nan institution said it is targeting an EBIT separator of 5% successful 2027 nether nan scheme and yearly profit earlier taxation of DKr250m ($39.3m).

It delivered a nonaccomplishment earlier taxation of DKr11m complete nan six months, compared to a DKr59m nonaccomplishment a twelvemonth earlier. The EBIT separator climbed to 1% versus a antagonistic 0.4% successful nan corresponding period.

Binzer’s erstwhile roles were astatine world companies IBM and TDC, wherever he worked connected “complex translator and improvement tasks”, Royal Greenland said successful a statement.  

In addition, Binzer has held a head position astatine Tusass, a Greenlandic postal and telecommunications entity.  

The “combination of world acquisition and section penetration makes him peculiarly suited to lead a institution that is some an world marketplace leader and a cardinal societal subordinate successful Greenland”, Royal Greenland added.  

Royal Greenland president of nan committee Niels Thomsen said: “It is pinch awesome pleasance that Royal Greenland welcomes Toke Binzer. The committee looks guardant to nan opportunities his acquisition and activity style will bring.  

“We stock nan ambitions of precocious professionalism, execution power, and a beardown anchoring successful Greenland – truthful I americium very overmuch looking guardant to nan collaboration.” 

Thomsen was named arsenic president of nan committee successful August, succeeding Maliina Abelsen, who had been successful nan position since 2022. 

On nan alteration of CEO, nan outgoing Sunke said: “It has been an honour to lead Royal Greenland, albeit for a short time. I now look forward, together pinch nan remainder of nan board, to collaborating pinch Toke to execute nan strategy and reconstruct nan economy.”

In nan first half of 2025, nan institution posted a 1.1% diminution successful gross from nan corresponding play of 2024 to DKr2.61bn.  

There was an betterment successful nan company’s EBIT, which recovered to a DKr27m profit from an EBIT nonaccomplishment of DKr11m successful nan erstwhile year. 

The affirmative displacement successful EBIT was reported against nan antagonistic results recorded successful 2023 pinch a nonaccomplishment of DKr61m.  

Although nan institution reported a nett nonaccomplishment of DKr16m for nan period, it marked an betterment complete nan larger losses of DKr63m successful 2024 and DKr90m successful 2023. 

“The half-year study shows a affirmative improvement towards achieving Royal Greenland’s economical ambition by 2027,” Sunke said successful August. “However, reaching this extremity requires a continued attraction connected ratio and adaptations to a perpetually changing market.”

He added: “With nan half-year study successful hand, we are confirmed that nan economical ambitions successful our caller strategy are wrong reach. But it requires that we proceed to activity purposefully connected some reducing costs and improving net successful perpetually changing markets.”