New CEO for Stofa as SE completes integration

Ole Fruekilde Madsen

Danish cable operator Stofa has named Ole Fruekilde Madsen as its new CEO following its acquisition by energy group SE. 

Madsen has been head of SE’s energy and climate division for the past three and a half years. His appointment marks the unification of Stofa and SE under a single management structure combining all residential, commercial and associated businesses.

SE president Niels Duedahl said the integration of the two groups’ activities would enable the combined company to realise synergies and enable it to take on competitors in all the business areas in which it operates.

Former Stofa CEO Klaus Hoeg Hansen left the company in April following completion of its sale by Ratos to SE.

Separately Stofa has hired an additional technical support staff in Sonderborg and Aarhus. The company highlighted this as a point of differentiation with dominant provider TDC, which has recently outsourced its customer services operation.