News | July resignation


Morten Juel was co-CEO of Silvan for just 60 days

The unsettled situation at Danish builder's merchant Silvan continues. It has now emerged that Morten Juel, who was appointed CEO in May, was relieved of his responsibilities on 11 July, just 60 days after taking up the post. The news was reported by the financial press in Denmark, referring to an online report by the journal Børsen. Juel was made co-CEO of Silvan with German national Jan Becker, a partner in the German investment company Aurelius, which owns the builder's merchant.  The companies' register shows that Becker is currently running Silvan together with CFO Michael Østerlund Madsen. The report quotes an e-mail from Becker to Børsen, in which it states: "It would not be responsible to continue with a co-CEO constellation when one does not agree on the premise of the direction of cooperation. On that basis, Morten Juel has been asked to resign from the executive board."

| 7 October 2019

More about the company

Post a comment

* Please complete the areas marked in red correctly and in full!.

(will not be published)

* obligatory fields

Latest news

First Screwfix store in Ireland

Screwfix now has a first location in Ireland. The rapidly expanding sales channel in the British Kingfisher group has opened a branch in Sandyford in View news...

International trends also on the Italian garden market

The Italian garden market achieved a volume of EUR 2.863 bn in 2019. "According to our projections, the trend should be positive at least View news...

Franz-Peter Tepaß of Obi is the new BHB head

The new chairman of the German DIY industry association BHB is from Obi. Franz-Peter Tepaß, managing director of Obi GmbH & Co. Deutschland KG View news...

Sales in German DIY stores grow by 3.2 per cent in 2019

German home improvement stores will increase their sales by 3.2 per cent to EUR 23.00 bn this year. This was the forecast issued by market View news...