Carlsberg chief to retire as brewer faces volatile year

The Dutch CEO has been in the role since 2015

The attempt to divest Carlsberg’s Russian operations has been one of chief executive Cees ’t Hart’s biggest challenges.

Carlsberg chief executive Cees ’t Hart will retire after eight years as the Danish brewer struggles to extricate itself from Russia and to raise prices enough to offset surging inflation.

Mr Hart, 64, will leave the brewer at the end of the third quarter at the latest, Carlsberg said, adding that the search for a successor has started. The shares fell as much as 4%.