Milestone Systems CEO resigns after 17 years
Lars Thinggaard will leave the company in April 2020
Milestone Systems’ board of directors announces that Lars Thinggaard, president and CEO, has decided to leave the company. As a result, the board has started an open search to appoint a successor to Thinggaard. During the intervening period, Lars Larsen, Milestone Systems’ chief financial officer, will serve as interim CEO.
Following the announcement, Lau Normann Jørgensen, chairman, Milestone Group, said, “I am very grateful to Lars for the energy, vision, and heart that he has dedicated to Milestone employees and the community partners. Please join me in wishing Lars the absolute best in all his future plans and endeavors.”
In a personal statement, Larsen said: “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.”
Looking ahead, Thinggaard would like the flexibility and time to focus on initiatives as an investor and chairman of several companies in the startup community. He would also like to promote his new book, Tech for Life.