Pandora falls as CEO retires earlier than anticipated

Pandora A/S

30/09/2025 08:37

** Shares in Denmark's Pandora PNDORA.CO fall around 3% after it announced Alexander Lacik to retire in March 2026

** Berta De Pablos-Barbier will become the new CEO of Pandora, says the company

** According to Jefferies, Alexander Lacik's departure as Pandora CEO is not entirely unexpected but earlier than anticipated

** "Investors' key worry on a CEO transition was that it would halt some of the progress being made in expanding PNDORA's product footprint and brand appeal to its broad consumer base," says the brokerage

** "Ms de Pablos-Barbier appears to have highly relevant experience in this respect," it adds

** "Even if growing macro/geopolitical issues will present the first challenges to be tackled," as per Jefferies

** Shares of Pandora down 3.1% ​,underperforming the STOXX 600 .STOXX index

 (Reporting by Agnieszka Gosciak-Rabalska)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))