The Danish engineering company FLSmidth switches out on the post of cfo.

the Company says in an announcement that Lars Vestergaard is leaving his position with immediate effect.

A replacement has already been found, informs FLSmidth.

'the Board has decided that there is a need for a second kompetencesæt to strengthen our organization and execute according to plan in relation to our long-term financial targets,' says the among other things in the message.

Although FLSmidth has found a replacement, so if you want yet to disclose the name.

It comes in a later message, reads the explanation.

The new chief financial officer, CFO, joins 1. July 2020 or before, it sounds.

Earlier this year, it 1xbet was clear that the Danish company had to downgrade its expectations for how much money you earn in the year.

It came to pass, when wagers in a number of mining companies has not gone as you hoped.

the Company now expects a profit margin - where large part of revenue which becomes profit - at 8 percent in 2019. Earlier there was expected 9-10 percent.

FLSmidth has the company 11.400 employees in the world.

It is across over 60 countries. The headquarters are in Valby in Copenhagen.