Stock Exchange Release / Inside information / Changes in
Inside information: Pia Kåll appointed as CEO of
The Board of Directors of
CapMan's Shareholders' Nomination Board proposes to the company's 2023 Annual General Meeting that CapMan's current CEO
The proposed members of the Board of Directors have stated that if the Annual General Meeting decides on the composition of the Board of Directors in accordance with the proposal of the Shareholders' Nomination Board, the Board of Directors will elect Frimodig as Chair from among its members. Frimodig would serve as full-time Chair of the Board of Directors as of
"Frimodig has served as CEO of CapMan very successfully since 2017. During this time, the company has more than doubled its turnover, nearly doubled its assets under management, and total shareholder returns have been approximately 20 per cent per year. The company has a new strategy, announced in autumn 2022, which aims to double CapMan's assets under management in five years. The company is purposefully being developed and grown in the direction set out in the strategy. The changes in management responsibilities strengthen the implementation of the strategy and contribute to ensuring the company's systematic development and growth as well as continuity. Both Kåll and Frimodig will devote their full time and attention to the company," says
"In the Board's view, these changes in roles are logical and strongly benefit the company. In this connection, I would like to thank Joakim for his diligent and successful work for CapMan and its shareholders. I believe that under Pia's leadership, the company will continue its strong performance," Tallberg continues.
"CapMan's vision is to be the most responsible Nordic private assets company. Pia is the right person to steer the company towards this vision in the years to come and I am extremely pleased that the Board has chosen her as CapMan's next CEO. Pia and I have clear roles and at the same time seamless cooperation, both of which will benefit the company greatly," says
"In my experience, active ownership enables financial success and advancing sustainability in a comprehensive manner. This is how we create value for fund investors, shareholders and society at large. I feel privileged to get the opportunity to lead this excellent company and its diverse and skilled teams of experts," says Pia Kåll.
Board of Directors
For more information, please contact:
Linda Tierala, Director, Communications and IR, tel. +358 40 571 7895, linda.tierala@capman.com
DISTRIBUTION
Nasdaq
Principal media
www.capman.com
About CapMan
CapMan is a leading Nordic private asset expert with an active approach to value creation and over E5 billion in assets under management. Our objective is to provide attractive returns and innovative solutions to investors. We are dedicated to set science-based targets to reduce our greenhouse gas emissions in line with the Paris Agreement. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover minority and majority investments in portfolio companies and real estate, and infrastructure assets. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs approximately 190 professionals in
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