New CEO at Ibsen Photonics

Press Release – Copenhagen, January 17th, 2011.

New CEO for Ibsen Photonics Henrik Skov Andersen starting February 1st .

Ibsen Photonics announces today that Henrik Skov Andersen is appointed new Chief Executive Officer effective February 1st 2011.

Ibsen Photonics is a market leader in several international market segments for grating components and spectrometer modules and enters 2011 with a solid foundation for growth.

The current CEO Torben Jacobsen announced three years ago to the Board of Directors that he intended to stop as daily manager of Ibsen in the spring of 2011, where he turns 65, after which he wants to focus on Board of Directors work and have more spare time.

Kim Vejlby Hansen, Chairman of the Board of Ibsen Photonics and COO at FOSS says: “We have found a perfect solution in connection with this generation shift. Torben Jacobsen has together with the employees over the past years successfully transformed Ibsen from a one play company to become a recognized supplier of grating components and spectrometer modules for many diverse markets. We are now ready for strong growth in the coming years and Henrik Skov Andersen is a perfect manager to carry through this growth together with the employees. I am looking forward to the coming collaboration.”

Over the next 2-3 months Henrik Skov Andersen and Torben Jacobsen will work together to ensure a smooth management shift, maintaining the continuity regarding customers and employees. After this Torben Jacobsen will join Ibsen Photonics’s Board of Directors. Henrik Skov Andersen comes to Ibsen Photonics from his most recent position as CEO for Netgroup Holding.

Henrik Skov Andersen has had managing positions at Coloplast, Scandinavian Mobility and Timken, as well as having been a consultant at McKinsey. Henrik Skov Andersen holds a Ms. E.E. from the Technical University of Denmark and an MBA from Insead.

“I am impressed by the solid international customer portfolio that Ibsen Photonics has been able to achieve, giving a solid basis for growth building on the right combination of innovation, quality and customer focus. I am looking forward to leading the further development of Ibsen Photonics” says Henrik Skov Andersen.

About Ibsen Photonics
Ibsen Photonics is a global leader in holographic, fused silica transmission gratings and spectrometer modules for a wide range of telecom, analytical, sensing and laser markets. Ibsen Photonics is privately owned with FOSS holding 85 % of the shares and the rest owns of employees. The headquarters is in Farum, Denmark. For more information about Ibsen Photonics please visit www.ibsenphotonics.com

For additional information regarding this press release please contact:
Torben Jacobsen
President and CEO, Ibsen Photonics
Telephone: +45 4434 7002
Email: Torben.Jacobsen@ibsen.dk

Kim Vejlby Hansen
Executive VP Innovation & Quality, FOSS
Phone: +45 4820 8500
Email: kvh@foss.dk

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