Effective January 1, 2022, co-founder and CEO Peter Lyager will step down as executive director of TP Aerospace and transition to a non-executive position in the company?s Board of Directors. Nikolaj Jacobsen, who joined TP Aerospace as CFO in 2018, has been appointed new CEO of the company alongside President and co-founder Thomas Ibs?.

As part of the planned succession of TP Aerospace, the Board of Directors along with the existing Executive Management team is pleased to announce the appointment of Nikolaj Jacobsen as the new CEO of the company, effective January 1, 2022.

Nikolaj Jacobsen has been with the company since 2018, first as CFO, and for the last year as Group COO & CFO.

?Both the Board of Directors and the shareholders of TP Aerospace are very pleased that Nikolaj Jacobsen has accepted the position as CEO. Since his first day at TP Aerospace, Nikolaj has demonstrated great leadership and an exceptional flair and passion for the industry and the company, both of which are absolute key to leading the company.? says Flemming Jensen, Chairman of the Board and adds: ?At the same time, we thank Peter for his commitment over the years. Together with Thomas Ibs?, Peter has founded and built a strong and unique company that is now in a really good position to continue its growth journey as the industry starts its recovery from the pandemic.?

Peter Lyager will continue to be invested in TP Aerospace as continued co-owner and will transition to Non-Executive Director in the Board of Directors from where he will continue to be involved in setting the strategic direction for TP Aerospace.

In October 2021, TP Aerospace welcomed Tinneke Torpe as new CFO of TP Aerospace, who together with Nikolaj Jacobsen and Thomas Ibs?, President and co-founder, will constitute the company?s Executive Management team.