Lars Rohde, CEO of the 692 billion Danish kroner ($114.8 billion) ATP, Hilleroed, has been named the next central bank governor of Denmark.
Mr. Rohde will replace Nils Bernstein on Feb. 1. Mr. Bernstein will retire from the position at age 70, in accordance with Danish law.
A search for Mr. Rohde's replacement has not begun; however, ATP's board plans to meet to set a process for finding a new CEO, said Svend Aagaard Nielsen, spokesman for the fund.
“Lars Rohde is very suitable for solving the tasks that the National Bank is facing,” Danish Prime Minister Helle Thorning-Schmidt said in a translated news release on the government's website. “Lars Rohde has extensive knowledge and experience in the National Bank's responsibilities, and he is widely recognized for his work as director of ATP.”
Attempts to contact Mr. Rohde were unsuccessful.