Group Chief Strategy Officer Daniel Potok leaves STARK Group
Group Strategy Officer Daniel Potok has decided to make a career change and hence leave STARK Group later this year to explore new career paths.
Daniel Potok joined our Group as Group CSO and member of the Executive Committee in late 2016. He has been instrumental in the strategic and financial turnaround of STARK Group, which has placed our Group on a solid growth trajectory under private equity firm Lonestar (2018-21) and today, private equity firm CVC.
Group CEO Søren P. Olesen says:
“Daniel Potok joined our Group as CSO and member of the Executive Committee in late 2016. He has been instrumental in the strategic and financial turnaround of STARK Group, which has placed our Group on a solid growth trajectory under private equity firm Lonestar (2018-21) and today, private equity firm CVC.”
“We are grateful for Daniel Potok’s significant contributions to STARK Group and understand his wish to explore a new career path after six years with our Group. His contributions include, in particular, the divestment of STARK Group from Ferguson Plc. and the subsequent development of our STARK Group Strategy, performance management and an acquisition strategy that include more than 25 acquisitions in five years. He is a high-quality leader who brings courage, strong business acumen and independent thinking to the table,” says Søren P. Olesen.
Daniel Potok will continue working for STARK Group on selected transformative projects until the year-end of 2022. He will hand over the position as Group CSO and member of STARK Group’s Executive Committee to Matias Lönneker as of 1 September 2022.
STARK Group’s strategy and M&A efforts have, until now, resided under the Group CSO role. That holds for Strategy and the Group Strategy team, while the responsibility for M&A and the Group M&A team will transfer to Group CFO Sisse Fjelsted Rasmussen.
Britta K. Stenholt takes the role of chairman for Electro Energy.
About STARK Group
STARK Group is a leading business-to-business distributor of heavy building materials for the construction industry in the Nordics and Germany, with a strategic focus on serving professional builders. STARK Group has a revenue of approx. EUR 5 billion and serves c. 10,000 suppliers and 260,000 customers from its 485 locations. Headquartered in Denmark, STARK Group has approx. 11,700 employees in Germany, Denmark, Sweden, Finland, and Norway. The Group has doubled in size over the last couple of years through acquisitions and organic growth, and today, it holds a leading national or regional position in all markets.