Lars Thinggaard has stepped down from leadership of Milestone.

Milestone Systems president and CEO Lars Thinggaard will step down and the company’s CFO Lars Larsen will serve as interim CEO as the board of directors conducts an open search to appoint a successor to Thinggaard.

Thinggaard served as president and CEO of Milestone for 17 years and previously was a member of the non-executive board. For the past 6 years, since the company’s acquisition by Canon Group in 2014, he has led Milestone as a standalone company within the Group.

“I am very grateful to Lars for the energy, vision and heart that he has dedicated to Milestone employees and the community partners,” said Lau Normann Jørgensen, chairman, Milestone Group.

Milestone is a VMS pioneer and its solutions are widely used across the world.