The world's largest privately-owned container-based storage company, TITAN Container Group, has appointed a new CEO and CFO after a lifetime with founder Layland Barker at the helm. Taking the lead for the advancing storage company are Søren Skov Mogensen and Søren Søgaard Suhr, while Layland Barker has assumed the role of chairman of the board.

 

Copenhagen, xxth November 2023 – Since its establishment in Denmark in 1987, TITAN Container Group has invested heavily in acquiring and leasing containers for various purposes worldwide. Today, TITAN's 50,000-plus containers are used for everything from cooling food and medicine in the pharmaceutical and food industries to providing additional storage space for companies and individuals and for major sporting events like the World Cup and the Olympics.

TITAN's constant acquisition of new containers makes the company the world's largest privately-owned container-based storage company, and over the years, its results have cemented the company's position as a very well-run growth company. In 2019, Kirk Kapital bought 30 percent of TITAN, which further accelerated growth – as did the pandemic, which significantly boosted the company's turnover due to the global shortage of containers. The new top management, CEO Søren Skov Mogensen and CFO Søren Søgaard Suhr, plan to elevate the turnover further – in close collaboration with outgoing CEO and founder Layland Barker, who was named Owner-Manager of the Year by PwC in Denmark last year.

 

"TITAN Container Group has been a huge part of my life for almost 40 years, and I'm proud of what we've achieved around the world. Now is the time to pass on the leadership to new, fresh forces, and I couldn't be more pleased that we've managed to attract such strong talents as Søren Mogensen and Søren Søgaard Suhr," says Layland Barker, the new chairman of the board at TITAN Container Group.

New CEO Søren Mogensen, originally trained in the Danish military, previously worked at McKinsey & Company, and has been Senior Vice President at Danske Bank. Most recently, he drove expansion at the EQT corporation Banking Circle Group as part of the management team. Over the years, he has gained significant experience in recruiting top talent, creating commercial growth, and building strong employer brands, which he can immediately leverage at TITAN.

"Layland Barker has created a global success, and it is with great humility that I take on the role of CEO. The company is strongly positioned for further growth, and several of our business areas hold significant potential that we can capitalize on in the coming years if we play our cards right. 150 million USD in turnover is certainly within reach, and this is the merit of Layland and the entire organization. Now it's up to us in the new management team, together with Layland, to further accelerate things on a global scale, especially concerning our operational, commercial, and digital strategies," says CEO Søren Mogensen.

The company's new CFO, Søren Søgaard Suhr, has worked at Welltec for 11 years, and in his latest role as CFO, he gained experience in building a strong international corporate culture that he brings to TITAN Container Group.