HOERSHOLM, DENMARK — Natural colors producer Oterra has announced the appointment of Jesper Svarer as its new group chief financial officer, effective immediately. Svarer is taking over for Hubi Windegger who is stepping down for personal reasons. 

Svarer has more than 20 years of experience in corporate finance, strategy and M&A roles in large multinational companies. He joins Oterra from Danish bio-solutions company Algicel, where he also served as CFO and focused on fundraising along with building and scaling the company. He has also served in interim senior finance leadership positions for Chr. Hansen as head of group and regional finance, as well as for Unibio as group CFO. 

He previously held positions as business unit CFO and head of global finance global for healthcare and emergency response company Falck, as well as vice president head of strategy and M&A for Danish IT company KMD. 

“Jesper has extensive experience in both private equity-owned and listed companies and will play a key role in Oterra’s current expansion even further,” said Martin Sonntag, chief executive officer of Oterra. “With his background working in complex situations in large matrix organizations, with insights gained from building companies from scratch, he is the right profile for Oterra’s continuing growth journey.”

Read more about personnel changes throughout the industry.