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TARGIT A/S Welcomes Leif Vestergaard as New Company CEO

AARHUS, Denmark, Nov. 2, 2017 /PRNewswire/ -- The TARGIT A/S Board of Directors today announced a change to the executive leadership team of the company. Leif Vestergaard will replace Ulrik Pedersen as TARGIT CEO, effective immediately. The Board of Directors would like to thank Pedersen for 18 years of successes and contributions to the company in various roles.

As TARGIT continues its expansive global growth strategy, the Board felt that a team leader with years of accomplishments in the role of CEO would be the right choice to steer the next phase of TARGIT's development.

"We are delighted that Leif Vestergaard has accepted the role as the new CEO of TARGIT," says TARGIT Board Chairman Claus Thorsgaard. "Leif Vestergaard is a highly experienced CEO with a proven track record in executing on very ambitious growth plans, and we are comfortable that his leadership abilities will further strengthen the leadership team of TARGIT."

Leif Vestergaard most recently served as CEO of EG, where under his leadership, revenue grew from just under DKK 900 Million to approximately DKK 2 Billion.

"I have known TARGIT for many years and have always been impressed by the product, their dedicated employees, and the service they have brought to their customers, and I cannot wait to get started and to be part of that," says Leif Vestergaard.

For further information, please contact:

Claus Thorsgaard, +45 25352312, clausthorsgaard@hotmail.com

ABOUT TARGIT

TARGIT is a leading business intelligence software provider for the SME segment. TARGIT is the maker of TARGIT Decision Suite, the business intelligence and analytics solution for all business users. With an emphasis on people, it is our mission to transform entire organizations by revealing actionable insights for every user to make better and faster decisions. TARGIT Decision Suite is the only business intelligence platform that offers visual data discovery tools, self-service business analytics, reporting, and stunning dashboards in a single, integrated solution. TARGIT combines the control of a centralized BI solution with the flexibility of a decentralized solution with robust security and dependability. The enterprise-wide platform has a vast range of deployment options that bring centralized BI to everyone in the organization. TARGIT Decision Suite's self-service capabilities enable business users to create their own reports and analyses, eliminating IT bottlenecks.

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SOURCE TARGIT