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Baselworld owner appoints interim CEO as group declares H1 profit slumped by 17%

Hans-Kristian Hoejsgaard

MCH Group, the owner and organiser of Baselworld, has appointed Hans-Kristian Hoejsgaard as interim CEO.

He will take temporary charge until a permanent CEO is found.

Mr Hoejsgaard, who hails from Denmark, has more than 30 years’ experience in managerial posts in the luxury and consumer goods industry as well as in the specialist retail trade.

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His resume includes time with LVMH in Asia, Georg Jensen Ltd. in Copenhagen and the Timex Group in Connecticut in the USA.

From 2011 to 2017 he was CEO of Oettinger Davidoff in Basel but left last year to run his own consulting firm.

“I am delighted to be able to support the MCH Group and manage it on an interim basis until a definitive CEO has been found”, says Mr Hoejsgaard.

“The MCH Group is another international Basel company that I admire and that I am familiar with as both an exhibitor and a sponsor. I am looking forward to working with the Board of Directors, the management and the employees of the MCH Group to prepare the company for the future in these strategically challenging times.”

Ulrich Vischer, chairman of the Board of Directors of the MCH Group, adds: “We are pleased that we have been able to appoint with Hans-Kristian Hoejsgaard such an experienced manager in this short period of time. He will be a valuable addition to our company in these challenging times.”

The announcement of the interim CEO appointment was made along with reporting of MCH Group’s financial report for the first half of 2018. Reduced earnings from Baselworld this year contributed to a 17% decline in group profit despite sales for the six months rising by 16.7% to CHF 356.6 million.

Tags : baselworldMCH Group
Rob Corder

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