In the midst of a massive change that involves the company going public in the near future, Scandinavian Tobacco Group, parent company of General Cigar Company, is facing yet another challenge: finding a new chief executive officer. News of Anders Colding Friis’ pending departure from the tobacco giant came via a press release issued by the company he will be joining in March 2015, Denmark-based jewelry company Pandora A/S. Friis succeeds Allan Leighton, who the Board of Directors will recommend as new Co-Deputy Chairman of the Board. From the press release, Anders Colding Friis, 51, is a Danish citizen and holds a M.Sc. (Business Administration) from Copenhagen Business School and since 2006 has been the Group CEO of Scandinavian Tobacco Group, the world’s largest manufacturer of cigars and pipe tobacco. Anders Colding Friis is also Chairman of Monberg & Thorsen, Deputy Chairman of IC Companys, board member at Topdanmark and Confederation of Danish Industry. “Pandora is establishing itself as a great brand, with a huge amount of opportunity both in core and emerging markets,” Friis said via a press release. “I am really looking forward to work with all the PANDORA teams worldwide to fulfill this opportunity, by continuing to focus on products, partners and customers.” What this means ...
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