Denmark's Cotes, which supplies special dehumidifiers used in wind turbines, has just appointed a replacement to lead the company, reports domestic business daily Børsen.

Chief Executive Thomas Rønnow Olsen is resigning from his position after 11 years, now passing the reigns to Martin Brøchner-Mortensen, who comes from a role as senior vice president of software company Systematic, effective Monday morning.

"I have gone for some time and thought about when might be the right time for me and the company. And now a new market has emerged for Cotes that I think is super interesting. I would instead like to use some energy on cultivating that. So, I think the time is perfect since the company is well positioned within its current core businesses," says Olsen, who will henceforth manage Cotes's commercial development, to the media.

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