RANDERS, Denmark – Danish Crown has named a new CEO for the company's subsidiary, DC Beef.

Finn Klostermann, currently sales director, will become CEO of DC Beef effective Oct. 1. He will succeed Lorenz Hansen. The change will occur in conjunction with the opening of a cattle slaughterhouse in Holsted.

“We were in no doubt that Finn Klostermann was an extremely strong candidate,” said Peder Philipp, chairman of the board of directors of DC Beef. “Nevertheless, the recruitment process has comprised all the normal professional market searches, tests and interviews. This process has only confirmed our impression of Finn Klostermann as the person who can lead DC Beef into the future, while at the same time representing a generational change of management.”