Bo Foged has announced his intention to resign from his role as CEO of Danish pension company ATP after more than seven years at the firm.

He will complete his resignation in the summer and take on a new position as partner with Copenhagen Infrastructure Partners.

ATP’s board of directors has initiated a recruitment process to find a replacement for Foged.

Foged joined ATP in January 2015 as acting CFO/COO and was appointed as CEO in November 2018.

He assumed the role of CEO in June 2019 and has held the position since then.

Commenting on the announcement, Foged stated: “It has been an extremely difficult decision to say goodbye to ATP which is an outstanding institution.

“I will miss the many stakeholders and the very special spirit which reigns here. I have no doubt that the employees at ATP have a special consciousness about the corporate social responsibility we bear and take and which enables people to create some unique results.

“On the contrary, I must say that ATP now stands with years of strong financial results, a historical revaluation of the pensions, a worked through new business model for ATP Livslang Pension (Lifelong Pension) an administration business stronger than ever which every day contributes to keeping the Danish welfare system running.

“And we have set out direction for ATP’s climate ambitions where our goal is to reach DKK 100bn in green investments already in 2025. On that basis, I also know for sure that ATP is well founded for the future and there are many strong and competent people at ATP to take care of the members’ and welfare Denmark’s interests.”

ATP board of directors chairman, Torben M. Anderson, added: “On behalf of the board of directors I would like to thank Bo for his huge effort as CEO of ATP.

“Bo has been eminent in leading the great process of change which ATP is currently undergoing. There has been set a clear and strategic direction where the results have been among the best in ATP’s history and where ATP at the same time clearly takes corporate social responsibility.

“It is a united and stronger ATP which Bo now leaves to his successor. Personally, I have really appreciated working with Bo. Apart from being in a class of its own professionally competent, he insists, as a person, to create a constructive cooperation which delivers the best results for the Danes. I wish him the very best for the future.”

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