SMS makes changes to its management

Jens Hvid Paulsen has, at his own request, chosen to step down as Chief Executive Officer and continue with the company as Chief Purchasing Officer, where he will be responsible for the company's purchasing. Jens will leave the Executive Board on 30 September 2026, at which point he will take up his new position and remain a member of the Executive Leadership Team.

The Board of Directors has appointed Henrik Ostenfeld Larsen, currently Deputy Chairman of the Board, as interim Chief Executive Officer with effect from 30 September 2026. On that date, Henrik will step down as Deputy Chairman and continue as an ordinary member of the Board. Scandinavian Medical Solutions will initiate a process to recruit a permanent Chief Executive Officer. The Board has elected Lene Gram Skjoldager as its new Deputy Chair.

Patrick Remon Gammelholm, currently Group Commercial Director, will join the Executive Board with the title of Chief Commercial Officer and take responsibility for the company's commercial activities. Patrick has 11 years of experience in the medical technology industry, specifically within the sale of used diagnostic imaging equipment across Europe, the United States and Asia. Throughout his time at SMS, Patrick has negotiated directly with customers and has an in-depth knowledge of the company's business model, products and customer relationships. Kamilla Malmbæk steps down from the Executive Board and continues unchanged as Chief Legal & Administrative Officer and as a member of the Executive Leadership Team.

Scandinavian Medical Solutions was founded by Jens Krohn, who today serves as director of the company's US business. Jens has more than a decade of experience in the industry for used diagnostic imaging equipment. He has been based in the United States since 2024, where he has built up the company's US operations, and his primary focus has therefore been on this market. During 2027, Jens expects to be able to hand over the management of the US company to someone else and return to Denmark.

Jens Krohn comments:

As founder and largest shareholder, I am pleased with the solution the Board has found. Henrik knows the company from his work on the Board, and he has the financial weight we need in the period we are now in. He can step in from day one, and I look forward to working closely with him from that same day.

Jens Hvid Paulsen comments in connection with the restructuring:

I have been proud to represent Scandinavian Medical Solutions A/S as Chief Executive Officer, and I am also pleased to be able to pass the baton on to Henrik. We are in a challenging time, and I look forward to continuing to contribute to the company's further development, with a focus on strategic purchasing and commercial Rental.

Chairman of the Board Jonas Wulff Møller comments:

This year, we have built a strong foundation for the company's continued growth. This has included, among other things, the establishment of the necessary structures, processes and governance frameworks. Jens Hvid Paulsen has played a central role in this development, and we would like to thank him for his significant contribution as CEO. At the same time, we are pleased that he is continuing with the company as Chief Purchasing Officer and a member of the Executive Leadership Team.

Market conditions have been more challenging than expected, and revenue development has not lived up to our ambitions. We are therefore now sharpening our focus on operational execution, commercial growth and financial discipline. Henrik Ostenfeld Larsen brings strong financial competencies to this task, while Patrick Remon Gammelholm's appointment to the Executive Board underlines our continued focus on commercial development.

Henrik Ostenfeld Larsen adds:

I am glad to be able to help the company until a permanent Chief Executive Officer has been found and can step in,” says Henrik Ostenfeld Larsen. “My focus will be directed towards the company's operational execution, commercial development and financial discipline. My task is to maintain momentum in the initiatives that have already been decided, not to set a new course. Any new course must be set by the permanent Chief Executive Officer together with the rest of the management and the Board.