(News Bulletin 247) – Credit Suisse on Wednesday maintained its ‘outperformance’ opinion and its price target of 1,150 Danish kroner on the Carlsberg stock, favoring the scenario of an internal promotion with a view to replacing Cees’t Hart, the outgoing general manager.
The analyst calls Cees’t Hart’s forthcoming departure a disappointment, though not a real surprise given that the business executive is due to turn 65 this year.
If he judges that the absence of announcement concerning the name of his successor is also disappointing, the intermediary judges that an appointment could intervene quickly.
Credit Suisse explains that it favors the scenario of an internal replacement, favoring the choice of an executive with sufficient experience in the growing market of Asia.
He cites as potential candidates the Briton Graham Fewkes (55 years old, responsible for the activity in Western Europe), the Portuguese Joao Abecasis (51 years old, responsible for Asia), the Dane Lars Lehmann (57 years old, responsible Central and Eastern Europe) and finally the Dane Soren Brinck (49 years old, head of strategy and digital).
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