Milestone Hires New Chief Financial Officer

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6th November 2010, 01:10am - Views: 689

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Milestone Hires New Chief Financial Officer

COPENHAGEN, Nov. 4 /PRNewswire-AsiaNet/ --

    - Lars Larsen was Previously VP Finance at Carlsberg Group

    Milestone Systems, the open platform company in IP video management

software, announces the hiring of a new Chief Financial Officer, Lars Larsen.

He will be responsible for the finance and human resource operations of the

international organization.

    "Lars Larsen has a very strong profile that is clearly reflected in his

previous positions at Carlsberg and Novo Nordisk, but maybe even more

relevant for us from his time with such IT companies as Microsoft and Olicom.

At Milestone we are very focused on aggressively continuing our hyper growth


and I'm convinced that Lars can help us with this," states Lars Thinggaard,

CEO & President of Milestone Systems.

    As Vice President of Group Finance at Carlsberg Breweries, Lars Larsen

was responsible for internal management reporting to the Board of Directors

and external reporting to the Copenhagen Stock Exchange. Prior to that Larsen

was Business Manager for Microsoft Business Solutions EMEA after the

acquisition of Navision, where he was Executive VP, Chief Financial Officer,

responsible for financial management and the legal department, also providing

support for M&A activities. Larsen held similar financial management

positions at Olicom, an IT network component provider listed on NASDAQ and

the Copenhagen Stock Exchange, and at Novo Nordisk. He holds an Executive MBA

and a Bachelor of Science in Business Economics from the Copenhagen Business


    At Milestone Systems, Lars Larsen's role as CFO will include managing the

company's global financial operations including accounting, controlling, risk

management, treasury, tax and audits, legal and regulatory affairs, as well

as potential mergers and acquisitions. With responsibility for also

overseeing human resources and administration, he will ensure deeper

internationalization and professionalization of the company together with the

executive management team. Larsen will also focus on a close relationship

with the Chairman of the Board and Index Ventures, who invested $27.5 million

in Milestone Systems in July 2008.

    "I am very excited about this opportunity to work for Milestone Systems,

the leader in its sector worldwide. Milestone has huge potential for

continuing to progress, and with the number of dedicated employees expanding

all the time, I look forward to strengthening the synergies between finance

and the organization even more," says CFO Lars Larsen.

    About Milestone

    Founded in 1998, Milestone Systems is the worldwide industry leader in 

open platform IP video management software, according to IMS Research six 

years in a row. Milestone XProtect(TM) products have been installed in 

thousands of customer installations, sold through authorized and certified 

partners in more than 100 countries. With support for the widest choice in 

network hardware and integration with other systems, XProtect provides 

best-of-breed solutions to 'video enable' organizations - managing risks, 

protecting people and assets, optimizing processes, and reducing costs. For 

    Press Contact: 

Misc Miscellaneous Milestone Systems 3 image

    Courtney Dillon Pedersen

    PR & Communications Manager

    Tel. +45-88-300-330

    SOURCE: Milestone Systems


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