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NKT A/S Annual Shareholders Meeting Transcript
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Shareholders, welcome to the AGM in NKT. And I'll now go through the developments of 2018 both as regards our business and the work of the Board of Directors and I'll also look to the future.
2018 was a challenging year where the results were not satisfactory, and unfortunately this could not be balanced out by the fact that NKT Photonics delivered a very satisfactory account and was prosperous. The cable business were influenced by a number of internal and external factors, which has also slowed down the speed of the transformation and which will influence our results in '19 -- 2019. And therefore, we developed or we ended our cooperation with the CEO, Michael Hedegaard.
And as we could announce last Tuesday, we now have found our new CEO, and I'm very happy to welcome Alexander Kara. He has more than 30 years' experience from a managerial post in ABB, which gives him the necessary combination of experience and knowledge of the field, which is necessary for operating and for driving forward the
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