Gregers Wedell-Wedellsborg, the CEO of Matas, has announced his resignation from the company, according to a statement released by Matas on Wednesday.

Wedell-Wedellsborg is leaving Matas to take on a leadership role at a company located outside of the Nordic region.

While the specific company he is joining has not been disclosed, it is not expected to be a direct competitor to Matas.

He will remain in his current position until a successor is appointed.

Wedell-Wedellsborg assumed the role of CEO at Matas in 2017.

Chairman of the Board Malou Aamund expressed gratitude for Wedell-Wedellsborg’s contributions to the company, noting significant revenue growth during his tenure.

Aamund stated that Wedell-Wedellsborg and the management team elevated Matas’s position internationally, making him a sought-after candidate for top leadership roles globally.