Columbus Global

Søren Krogh Knudsen appointed new CEO of Columbus

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Søren Krogh Knudsen will take up the position as President & CEO of Columbus. Søren joins from a position as Partner and Regional Head of PA Consulting Group in the Nordics as well as Global Head of Sales for PA Consulting Group. He is an experienced international leader within the management consultancy industry and has a very strong track record.

Columbus’ Board of Directors has appointed Søren Krogh Knudsen as President & CEO of Columbus. Søren Krogh Knudsen will succeed Hans Henrik Thrane in his role as interim CEO since 27 August 2020. Hans Henrik Thrane will continue in his role as Corporate CFO in Columbus.  

Søren Krogh Knudsen is an experienced international leader within the management consultancy industry with a very strong track record in transformational change and driving profitable growth. He is known for combining strong commercial credentials, management consultancy and an engaging, motivational leadership style. I look very much forward to working with Søren.

It has taken almost a year to get the right CEO in place and during that time the management team as well as employees in Columbus have shown, as we can see from the results, a formidable effort in keeping Columbus on the right course, during the initial phases of Focus23 and that is very promising for the future cooperation in Columbus” says Ib Kunøe, Chairman of the Board of Directors in Columbus.

Søren Krogh Knudsen, Columbus´ next CEO and President says:

“All businesses are faced with a challenge to leverage the opportunity new technologies offer to improve customer experience, minimize environmental impact of services provided and maximize operational performance to win in the marketplace. Whilst technology is advancing at great pace, truly excelling at digital transformation is equally dependent on an organisation's ability to absorb, implement and make sound use of technology. This is a market space where Columbus has a market leading position combined with an inspiring purpose, a strong client base, a strong financial foundation, and not least a talented and motivated global team.        

I am excited to join Columbus and contribute to the continued journey and success of the company. I have always strived to make a difference by creating work environments where people thrive and are able to develop and grow at pace towards their true passion and expertise. A big part of my motivation also comes from helping companies build a sustainable, growing, and profitable business. I see a very strong match between that and leading Columbus’ next journey with the goal of becoming the preferred digital trusted advisor for our customers”.

Søren Krogh Knudsen joins Columbus after 13 years with PA Consulting Group most recently as Regional Head of the Nordics and Global Head of Sales. Prior to his tenure at PA Consulting Group, Søren spent 10 years with Verizon Communications based in Zurich and Copenhagen. During his tenure at PA Consulting Søren has advised multiple companies with a special focus on digital transformation, operating model design and strategy execution. He holds a degree as Academy Economist and an MBA.

The appointment has no impact on Columbus’ financial outlook for 2021.

 

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Information om Columbus Global

Columbus Global
Columbus Global
Lautrupvang 6
2750 Ballerup

https://www.columbusglobal.com

Columbus is a global IT services and consulting company specialized in digital transformation. Our more than 1,500 digital explorers collaborate with our customers in the manufacturing, retail & distribution, and food & process industries. We advise, implement and manage business critical solutions within Strategy & Change, Customer Experience, Digital Commerce, Data & Analytics, Application Management and Cloud ERP. Headquartered in Denmark, we have offices and partners worldwide - delivering locally on a global scale

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New analysis of Columbus’ financial results for Q3 2023 and new strategy; New Heights4.12.2023 14:22:29 CET | Nyhed

The stock analysis firm, Aktieinfo, has just published an analysis of Columbus’ results for Q3 2023 and the newly published strategy - New Heights. The analysis concludes, among other things, that: "After ten consecutive quarters of growth and maintaining guidance for 2023 with organic growth expected to be between 8-12% and an EBITDA margin of 7.4-9.0%, Columbus concludes the strategic plan Focus23. All goals have been achieved. Now, new ambitious yet achievable goals are set for the period 2024-26, anticipating an annual average organic growth of 10% and a significant improvement in the EBITDA margin to 15% by 2026. Columbus is thus taking a step towards 'New Heights' for revenue, earnings, and stock prices." The analysis can we found here (in Danish): https://ir.columbusglobal.com/static-files/7dc8b8dd-b686-4a70-8dc9-5b93f513aaa5

Strong Q3 Interim Report, new ambitious growth targets for 2024-2026 and new focus on Life Science15.11.2023 09:18:19 CET | Pressemeddelelse

In the third quarter of 2023, Columbus once again delivered impressive organic top-line growth of 15% (excluding acquisitions and currency), and the increase in operating profit (EBITDA) was as much as 28%. Columbus has created a solid foundation for the upcoming strategy period – New Heights – which in particular will focus on boosting profitability with an EBITDA margin of 15% by the end of 2026. Columbus expects 10% compounded annual growth in 2024 – 2026.

New analysis of Columbus’ financial result for Q2 2023 published by Aktieinfo31.8.2023 12:16:10 CEST | Pressemeddelelse

The analysis concludes, among other things, that: Columbus delivers what is promised. Growth adjusted for acquisition and currency was achieved with 16% in the second quarter (19% adjusted for currency and including acquisitions) and 14% in the first half of the year. In the second quarter, Columbus managed to invoice 70% of the consultants' hours. This testifies increased efficiency, which is one of the goals of the Focus23 strategy. With the execution of the Focus23 strategy, Columbus appears stringent and focused on servicing the core customer group. The analysis can we found here (in Danish): https://ir.columbusglobal.com/static-files/96127943-4e58-4e34-97be-3790aa0f0a06

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