DonkeyRepublic Holding A/S appoints Thor Möger as new Chief Executive Officer

Company announcement No. 10 – 2025

DonkeyRepublic Holding A/S announces that Niels Henrik Rasmussen has chosen to step down as Chief Executive Officer, and that Thor Möger has been appointed as his successor as of 03.06.2025. 

Earlier this year, CEO Niels Henrik Rasmussen informed the Board of his wish to resign at an appropriate time. Since then, the Board has worked to ensure a smooth and thorough succession process. Today, we are pleased to announce that Thor Möger will take over as CEO of Donkey Republic Holding A/S.

Niels Henrik Rasmussen will support the transition and assist the new CEO during a handover period. A period which takes effect today. 

“After nearly three years as CEO of Donkey Republic, I have decided to step down. This has been my own decision, and earlier this year I began a constructive dialogue with the Chairperson of the Board to plan a smooth transition. Looking back, I am incredibly proud of what we have accomplished – including a more balanced organization, more than doubling our revenue from DKK 65 million to DKK 147 million, and improving EBITDA by more than DKK 50 million from DKK (27) million to DKK 25 million. Now, I look forward to taking an extended break to recharge before focusing on new roles within strategic company development in collaboration with entrepreneurs and leadership teams,” says Niels Henrik Rasmussen.

“Under Niels Henrik Rasmussen’s capable leadership, Donkey Republic has undergone an impressive transformation. He has helped mature the organization and its processes, while significantly improving our financial results. These accomplishments have not only strengthened the company but also made it possible for us to attract a successor of Thor Möger’s caliber. We regret Niels Henriks decision to step down, but we are grateful for his contributions and the constructive transition process. With the appointment of Thor Möger – who brings extensive experience from Better Energy and Cowi– we are confident that Donkey Republic is well positioned for the next phase of its growth,” says Chairperson Caroline Søborg Ahlefeldt.

“I’m honored to join Donkey Republic as CEO and take on this role with excitement and humility. Donkey Republic is uniquely positioned to support European cities in their green transition through trusted micromobility solutions. High-quality bike sharing must be central to modern urban infrastructure, and our best-in-class platform and talented team are ready to deliver. As we scale our fleet, we anticipate stronger unit economics and financial performance. Achieving this will require sharp execution and close partnerships with municipalities and stakeholders. I’m confident in our mission and proud to lead Donkey Republic into its next chapter of impact and growth.”, says Thor Möger, new CEO.