The world-leading storage giant appoints new CEO & CFO

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 Danish-founded company are Søren Skov Mogensen, stepping in as CEO, and Søren Søgaard Suhr as CFO. TITAN’s founder and long-serving CEO, Barker, will shift into the role of Chairman of the Board.

Layland Barker, the new chairman of the board at TITAN, shares more:

“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 talent.”

WHO ARE TITAN CONTAINERS?

Since its establishment in 1987, TITAN Containers Group has been acquiring and leasing storage containers worldwide. Today, TITAN’s 50,000+ containers are used for everything from cooling food or medicine to providing additional storage space for companies and individuals alike across the UK and beyond.

TITAN containers have also supported major sporting events like the World Cup and the Olympics, and have even been a training facility for a Guinness World Record breaker’s run across Antarctica.

In 2019, Kirk Kapital bought 30% of TITAN, which accelerated growth throughout the pandemic — a time that significantly boosted the company’s product demand.  Both Mogensen and Suhr plan to keep that growth on the move.

Of course, Layland Barker, who was named Owner-Manager of the Year by PwC in Denmark in 2022, will remain on hand to advise every step of the way.

 

MEET TITAN’S NEW CEO, SØREN MOGENSEN

Newly appointed CEO, Søren Mogensen, originally trained in the Danish military, and has since worked at McKinsey & Company and Danske Bank. Most recently, he drove expansion at the EQT corporation Banking Circle Group.

Over the years, Mogensen has gained significant experience in recruiting top talent, creating commercial growth, and building strong employer brands, which he can immediately leverage in his new role at TITAN. Mogensen shares his thoughts:

“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 capitalise 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 organisation. Now it’s up to us in the new management team, together with Layland, to accelerate things on a global scale, especially concerning our operational, commercial, and digital strategies.”

MEET TITAN’S NEW CFO, SØREN SØGAARD SUHR

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

Suhr’s time at the international organisation, Welltec, has seen him acquire skills in business partnering, financial planning, performance management, net working capital optimisation, international equity, and so much more. All of these skills will prove valuable as he grows TITAN and its financial department.

“After almost eleven years at Welltec — the last five as CFO—it is time to start a new chapter of my life. It has been a true pleasure working at a great company with an amazing culture and wonderful colleagues. I feel both privileged and grateful for all the great experiences gained in various positions throughout the last eleven years. 

I had the pleasure of presenting the best quarterly result in the history of the company with the Q3-2022 release in November, which was followed by a record full-year result released in March 2023.

It is now time for me to commence the next chapter of my career.” says CFO Søren Søgaard Suhr.

WHAT’S NEXT FOR TITAN’S NEWEST ADDITIONS?

The demand for storage has never been greater. One of the central driving forces for TITAN’s growth, partially due to climate change, is an increasing demand for cold storage which TITAN aims to keep delivering on. In fact, the sector is expected to grow by 13% annually until 2030, when it is expected to reach a value of 230 billion GBP.

Another important factor is the growing global population and society’s urbanisation, where space in city centers is a luxury and a necessity. It’s pushing more and more people to look for alternative storage solutions outside of bustling cities, and this will be a priority for Suhr and Mogensen in the coming years.

In addition to this, the COVID-19 pandemic highlighted the importance of companies having a solid and scalable supply chain, supported by modern technological solutions. It will therefore be a priority to deliver on demand for businesses little and large in the next decade and beyond.

Since Kirk Kapital joined as minority co-owners in 2019, to support TITAN’s growth and accelerate geographical expansion (including APAC and the Americas) they’re now supporting investments in new technology, digitalisation, marketing, and sustainability.

The future is bright for Suhr, Mogensen, and the growing TITAN team, although it won’t be easy! The pair will continue to find out-of-the-box strategies for their in-the-box solutions, and we can’t wait to see what they achieve.

MORE ON TITAN CONTAINERS GROUP

TITAN Containers Group was founded by Layland Barker in Taastrup, Denmark, in 1987. It has since grown to become the world’s largest privately-owned company in container-based storage.

TITAN allows businesses and individuals to store anything, anywhere, in a flexible, responsible, and secure way.

Today, TITAN spans 90 countries, offering a range of storage solutions through six distinct brands. From self-storage to dry storage and temperature-controlled facilities that can be monitored and controlled digitally between -75° degrees to 85°. The award-winning company now caters to a wide range of industries, including: pharmaceuticals, food, and renewable energy. Some of their clients include Tesco, Vestas, and Sonoco as well as countless smaller businesses and private clients worldwide.

With a fleet of more than 50,000 containers spread over 300 locations in Europe, America, and Asia, 30+ of which are in the UK, TITAN has created a market-leading platform for innovative Storage-as-a-Service solutions.

Over the years, TITAN has set the standard in the storage industry and has continuously expanded its global presence while maintaining its core values and culture. With close to forty years under lock and key, cheers to many more to come!