Danish pension company PensionDanmark has announced that Peter Stensgaard Mørch will become its CEO in August 2024 after a period of adjustment.
Stensgaard Mørch is currently permanent secretary at the Danish Ministry of Finance and will initially join PensionDanmark as deputy CEO on 15 August 2023.
After a year of “intensive training” in areas that are important to the pension company’s business model, he will become CEO.
Earlier this year, it was announced that current CEO, Torben Möger Pedersen, will step down on 1 October 2023.
PensionDanmark CIO, Claus Stampe, will step in as CEO in the period between Möger Pedersen leaving the role and Stensgaard Mørch taking over.
Stensgaard Mørch has been permanent secretary of the Danish Ministry of Finance since 2019 and previously held other executive positions in the Danish public sector as CEO of the finance department of the City of Copenhagen and permanent secretary at the Danish Ministry of Employment.
In his year as PensionDanmark deputy CEO, Stensgaard Mørch will focus on the daily operation model at PensionDanmark by, among other things, entering central internal committees.
“We are delighted to announce Peter Stensgaard Mørch as the future front figure of PensionDanmark,” commented PensionDanmark board chair, Lars Sandahl Sørensen.
“He will bring unique experience from the management of significant public institutions across economy, finance, labour market and welfare.
“We have found exactly the right way giving Peter Stensgaard Mørch the time to get a wide insight into PensionDanmark while the operation is in the safe hands of Claus Stampe and the rest of the management team.”
Commenting on his appointment, Stensgaard Mørch said: “PensionDanmark is an institution in the Danish pension sector standing on a solid foundation of innovation, sustainability, efficiency and partnerships.
“I am excited to get new insights and a new challenge, and I will look forward to use my experience from the public sector in a company with such a wide interaction with society.”
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