Milestone Systems has announced the abrupt departure of its long-standing Chief Executive Officer, Thomas Jensen, who stepped down from his role with immediate effect. Jensen has not overseen day-to-day operations since 1 December, and the company’s Board of Directors has formally initiated the search for a new chief executive to lead the video technology provider into its next phase of development.
In an official statement, the Board noted that the decision is part of an effort to “further strengthen cohesion and cross-functional collaboration across the organisation.” As a result, the leadership transition was set in motion, with Jeppe Frandsen—Deputy Chairman of the Supervisory Board since 2015—appointed interim CEO. To assume the role, Frandsen has stepped down from the board. At the same time, Seymour Liebman, Executive Vice President at Canon, has joined Milestone’s board as the new Deputy Chairman.
Search for a New CEO Underway
Despite his temporary appointment, Frandsen will not be considered for the permanent CEO position. During the transition, he will work closely with Milestone’s senior leadership to maintain operational stability and drive ongoing strategic initiatives.
“Milestone is a global leader in our industry and has a strong foundation in strategy, portfolio and product roadmap,” said Lau Normann Jørgensen, Chairman of the Supervisory Board. He confirmed that the search for a long-term successor is already in progress.
Jørgensen declined to comment on the circumstances surrounding Jensen’s immediate exit. However, he highlighted Jensen’s contributions since assuming the CEO position in 2019, noting that he helped position Milestone as a frontrunner in “responsible technology, artificial intelligence and the EU’s data sovereignty agenda.” The Board expressed its appreciation for Jensen’s leadership and extended best wishes for his future endeavours.
Canon Expands Its Influence on the Milestone Board
Canon, already a key strategic partner for Milestone, has further strengthened its presence on the board. With the addition of Seymour Liebman and the continued involvement of Minoru Asada, Group Executive F&A at Canon, the Japanese technology group deepens its engagement in shaping Milestone’s strategic direction.
“These appointments underscore Canon’s strong commitment to Milestone,” Jørgensen emphasised.
