Carlsberg: Credit Suisse sees CEO replaced internally

(CercleFinance.com) - Credit Suisse yesterday maintained its "outperform" rating on Carlsberg shares, along with its target price of 1,150 Danisk kronor , expecting there to be an internal promotion to replace Cees't Hart, its departing chief executive.


The analyst believes that the upcoming departure of Cees't Hart is indeed a disappointment, although does not come as a real surprise given that the company's CEO is due to turn 65 this year.

While it finds the radio silence regarding the name of his successor equally disappointing, the broker believes that an appointment could come soon.

Credit Suisse says it believes an internal replacement, favouring an executive who has sufficient experience in the growing Asian market.



Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.