Thrane & Thrane A/S
Lars Thrane stepping down

Thrane & Thrane A/S 

19.11.2012 13:34
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On November 30, Lars Thrane, one of the frontrunners of Denmark's high-tech
industry, will step down as president of Thrane & Thrane, the company he
founded in 1981 and has headed ever since. 

Thirty years of strong, dedicated development efforts has turned Thrane &
Thrane into the world's leading manufacturer of equipment and systems for
mobile communication based on sophisticated satellite and radio technology.
This spring, Thrane & Thrane became part of UK-based Cobham group, and now
plays a key role in the group's large-scale global activities in the field of
satellite communication. 

Prior to merging with Cobham, Thrane & Thrane generated revenue of DKK 1.2
billion and had some 600 employees located in Denmark, the US, Norway, Sweden,
China and Singapore. 

Lars Thrane founded the company in 1981 together with his twin brother Per.
Building on an understanding of technology, vision and business acumen, the
company grew step by step, and always profitable. When Thrane & Thrane went
public in 2001, Per Thrane resigned from the Board of Directors, and the twins'
father, Erland Thrane, resigned as Chairman of the Board. 

Throughout the years, Lars Thrane's core focus has been to leverage the
commercial potential offered by the continuous rapid technology innovation. He
has been a spearhead in exploring this potential - often long before others -
and in transforming technology ideas into marketable products for the benefit
of users globally. In the process, Lars Thrane has made room for professional
Board members, Management Board members, executives and employees with strong
capabilities in other fields to allow the company to optimize its progress. 

Lars Thrane was born in 1948. He developed an interest in electronics already
as a boy, building his first radio transmitter at age 12, so it was a natural
choice for him to go along that same path in terms of his education. He earned
his MSc from the Technical University of Denmark in 1973 and a PhD from the
Electromagnetics Institute in 1978. 

Lars Thrane serves on the Boards of the Maritime Development Center of Europe
(EMUC), a catalyst and hub in promoting and developing maritime innovation and
knowledge sharing, and IT company Decision3, whose key product GreenSteam
offers significant fuel cost savings for large vessels. 

Lars Thrane has always set high standards, not least for himself. His
dedication and high energy level are reflected in his interest in demanding
sports, including mountaineering, diving and skiing. He holds a first-degree
maritime trading certificate as a yacht captain, and he is a licensed pilot
with multi-engine and helicopter certificates. 

On the occasion of the resignation of its founder, Thrane & Thrane will host
receptions at the Lyngby headquarters on Thursday, November 29, and in Aalborg
on Friday, November 30, 2012. 


For further information, please contact
John Alexandersen, Vice President, Corporate Communications
Tel. (+45) 22 72 38 22
E-mail ja@thrane.com
News Source: NASDAQ OMX



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Language:     English
Company:      Thrane & Thrane A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010279215
WKN:          
 
End of Announcement                             DGAP News-Service
 
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