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A Massive Yes to Danish Crown A/S

15 October 2010

DENMARK - Danish Crown’s Board of Representatives voted massively in favour of the formation of a limited company on Wednesday, 13 October.

"In practice, the decision made today does not entail any changes for the company’s owners. What it means is simply that the cooperative will establish a limited company which will be wholly owned by the cooperative. The limited company will thus not replace the cooperative in any way," explained Niels Mikkelsen, Chairman of the Board of Directors of Danish Crown.

The proposal has been debated by members since February this year when it was presented at a meeting of the Board of Representatives. Since then, it has been on the agenda of all meetings of the Board of Representatives, and it was also debated at this summer’s meetings for members across the country, culminating in today’s decision to establish Danish Crown A/S.

"It is a question of ensuring that we have the tools which will be needed in the long term to fulfil the growth strategy adopted by the Board of Representatives. Initially, we have decided to set up a limited company, which will open up other options in the longer term. However, these are options which must now be analysed in greater detail. These options must be discussed with members, and will also have to be adopted by the Board of Representatives," said Mr Mikkelsen.

At the meeting, the plan for the coming years – DC2015 – was also presented and met with unanimous praise from the Board of Representatives.

ThePigSite News Desk



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