My job is to enable my team to deliver the financial transparency needed for the business to make the right decisions

New CFO Carsten Ringius has a vision for Corporate Finance and the value-adding role it will play on NNIT’s road to becoming a leading provider of IT consulting services to life sciences and other regulated industries, but his first order is to complete the financial split related to the divestment of the Infrastructure Operations business.

Carsten Ringius joined NNIT in December – a month before the initially announced closing date of the agreement with Agilitas to acquire NNIT’s Infrastructure Operations business and select parts of the Cloud and Digital Solutions business. This meant he hit the ground running with a very pressing task to be completed within the first month. Introductions would have to be made on the go.

“It’s been very hectic… I was prepared for that of course, but it has been like jumping on a train going at high speed. We have an important job to do, and we are diligently doing it, but I am also looking forward to a ‘new start’ once the split has been completed, so we can channel all our energy back into business operations, says Carsten Ringius.”

Still, he has made it a priority to get to know his team, and he is in the process of getting through one-on-one’s with every single employee of the Corporate Finance team. “Their input on the good and bad is paramount to building a new outfit, and I appreciate the opportunity to meet everyone for a one-on-one dialogue,” he explains and adds that while the first steps have been taken with an initial strategy workshop, the real work will not start until after the split.

Motivated by challenge and trying new things

Carsten Ringius was attracted to the position of CFO at NNIT, because it represented a new challenge for him – both in terms of industry and the fact that NNIT is a listed company.

“For me, it has always been important to be professionally challenged and try new things. With NNIT, it’s the nature of the business – being at the forefront of technology – and the people who are really talented and dedicated. This was my observation looking in, and it’s been well and truly confirmed now that I am part of the business,” says Carsten Ringius and elaborates that, this time, he was also looking for another dimension, which he has found in the huge potential for international scale and growth inherent in the business – both organically and through acquisitions:

“I am really excited at the prospect of playing a key part in unleashing that potential, not least as a result of the soon to be more focused NNIT that will emerge after the split in Q1.”

Accelerating performance

Once the company split has been completed, Carsten Ringius will turn his full attention to the operation and the plan ahead, which consists of a Get in Shape part, looking to understand what already works and what needs to be established short term to deliver better data quality and financial transparency to drive the performance, and an Accelerate part, which includes a full 360 degree analysis of systems, processes and the organization.

While a decision to replace the existing ERP solution with a new and scalable system has been made, there is still a lot of mapping that needs to be done before zeroing in on a new operating model and organization.

“I am heading a group working on formulating a clear vision for Corporate Finance to set the future direction for everything we do. It is a given that data quality, process excellence and financial transparency will be essential elements as this will provide the foundation for the further value-adding partnership we are seeking with the NNIT business units.”

“We need to inhabit the space of a business partner, not just a number-crunching financial reporting function; and my goal is to ensure that we are always part of business decisions, because we can add value and lift the performance of the business," Carsten Ringius ends.

About Carsten Ringius

Throughout his career, Carsten Ringius has been focused on creating a solid foundation for business growth. He has in-depth experience with driving change and performance management.

He started his career as an economist in Skandia Liv in 2001 with focus on portfolio and risk management. In 2002, he joined A.P. Moller - Maersk where he held a number of leadership positions, including being responsible for finance process offshoring to service centers in India, China and the Philippines, CFO for Maersk Benelux, and Global Business Process Owner for Maersk Line Finance & Accounting. In 2011, he joined TDC as divisional CFO initially for TDC Wholesale, and later as divisional CFO for TDC Nordic and TDC Erhverv, including TDC NetDesign and TDC Hosting. In 2016, he joined K.W. Bruun Import as Group CFO – until December 2022 when he joined NNIT.

He holds an M.Sc. in Economics & Business Administration – Finance, from Aarhus School of Business, Denmark/Oregon State University, US.

On a personal note, he is married to Mette and the father of Aksel and Ella. Having kids with multiple hobbies means running a logistics business on the side, he says, and adds that he considers it time well spent. With his family and friends, he enjoys being outdoors, either hiking, running, or biking in the forests around Lyngby (Greater Copenhagen). Travelling with his family is also a big passion: they lost their hearts to Italy many years ago, he explains, and highlights the food, the wine, the design, and architecture as well as the rolling hills in the countryside, the friendly and passionate people. The dream is to move there one day.