Jørgen Huno Rasmussen, Group CEO of FLSmidth & Co. A/S since 2003, has decided to retire mid 2013, 10 years after joining FLSmidth as Group CEO. His successor will be Thomas Schulz, who has been appointed new Group CEO. He is expected to take up his new position no later than 1 June 2013. Schulz works currently as President of Sandvik‘s Construction business area.