Bo Foged is leaving as CEO of ATP, Hilleroed, Denmark, the pension fund said in a news release Monday.
Mr. Foged, who started at the 927.5 billion kroner ($141.4 billion) pension fund in 2015 and became CEO in 2019, is joining Copenhagen Infrastructure Partners as a partner and chief financial officer.
The pension fund has started recruiting externally for his replacement, the release said. ATP board Chairman Torben M. Andersen said in the release that Mr. Foged helped ATP "set a clear and strategic direction where the results have been among the best in ATP's history and where ATP at the same time clearly takes corporate social responsibility."
In a separate statement, Copenhagen Infrastructure Partners said that Mr. Foged will be responsible for finance, tax, IT, treasury, risk, fund performance and financial modeling, and will start by July 1.
Current CFO and partner Stig Pastwa will serve as chief operating officer, overseeing strategy, public affairs, communication, legal, compliance, ESG and personnel, Copenhagen Infrastructure Partners said in its release. It described itself as the world's largest dedicated fund manager within greenfield renewable energy investments, and a leader in offshore wind globally. It closed Copenhagen Infrastructure IV at €7 billion ($7.9 billion) last year.
