Georgi Ganev appointed CEO of Kinnevik


Kinnevik AB (publ) (“Kinnevik”) today announced that it has appointed Georgi Ganev as its Chief Executive Office with effect from 1 January 2018.

Chairman of the Board of Kinnevik, Tom Boardman, commented:

“In Georgi Ganev, Kinnevik will have a CEO with a keen appreciation of Kinnevik’s strategy, our markets and our companies. Georgi combines a successful track record as a CEO, taking a fast-growing digital e-commerce company public, with a solid experience from the Nordic TMT sector. I am very pleased that he has accepted the position as CEO of Kinnevik in our next phase of identifying, scaling and transforming businesses to continue to create value for our shareholders.”

Georgi Ganev commented:

“I am proud and excited to become the CEO of Kinnevik. Having started my career at Tele2, I know that Kinnevik has a unique culture and capability as a business builder. Using my operational experience that I have gained across relevant sectors I will focus on unlocking further value from Kinnevik and its portfolio companies. I also look forward to working with the Kinnevik team and the broader network of founders, boards and management teams to continue to grow the digital investment business.”

Georgi Ganev joins Kinnevik from Dustin where he has served as CEO since 2012. He is also a board member of Tele2 since 2016. Prior to Dustin Georgi was CMO at Telenor Sweden AB between 2010-2012 and CEO of Bredbandsbolaget AB 2007-2010. Between 2002 and 2007, Georgi worked within the Kinnevik Group as Sales & Marketing Director and Product Manager at Tele2. Georgi holds a MSc in Engineering in Information Technology from Uppsala University.

Joakim Andersson will remain Acting CEO of Kinnevik until Georgi Ganev assumes the position as CEO on 1 January 2018.


Categories: Personalia


Håvard Sætre has been hired as new CEO of OptimarStette AS


Sætre is currently the CEO of Vard Electro AS, and will succeed Asbjørn Solevågseide (56), who will continue as head of OptimarStette’s sales activities.

Asbjørn Solevågseide has led the company since it was founded in 2003. Having developed OptimarStette into a global leader in automated seafood solutions, with 200 employees, a turnover of NOK 500 million and businesses in Norway, the US and Spain, Solevågseide has asked the company’s board to strengthen top management in light of expected further international growth, and in order to focus even more on customers, markets and business development.

Håvard Sætre founded what later became Vard Electro in 1997, and has led the company from the start until today, with NOK 1.7 bn turnover and 950 employees in 4 continents. The company is part of the Vard Group. Sætre knows OptimarStette well after having been chairman of Peter Stette AS for a number of years, and board member of OptimarStette since 2014, when Optimar Giske AS and Peter Stette AS merged.

Sætre will assume his new position within the next 6 months.

Credo Partners AS

Categories: Personalia


Pia Kåll appointed Managing Partner, CapMan Buyout – changes in CapMan Plc’s Management Group

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CapMan Oyj

Pia Kåll has been appointed Managing Partner of CapMan Buyout and replaces Markus Sjöholm in CapMan Plc’s Management Group. Further, Johan Pålsson has been appointed Co-Managing Partner of CapMan Buyout. Hans Christian Dall Nygård steps down from the Management Group, while continuing as Managing Partner of CapMan Russia responsible for the value creation and new investments of the CapMan Russia I and II funds. The changes come into force starting from 5 June 2017.

Prior to joining CapMan and since 2013, Kåll was a member of the Executive Board of Outotec, a Nasdaq Helsinki listed leader in minerals and metals processing technology. Before Outotec, Kåll worked in management consulting with McKinsey & Company since 2006. Pålsson came to CapMan from the private equity company Ratos and he has 10 years of experience from the private equity industry.

“I am excited about this new role. We have a great team in place and are in a good position to strive forward especially as our portfolio is developing favourably. I thank CapMan Buyout’s partners and CapMan’s management for their trust and confidence in me,” comments Pia Kåll, CapMan Buyout’s new Managing Partner.

“We are pleased with Pia’s and Johan’s modern take on leadership in both their own portfolio companies as well as in our team. As such, former Co-Managing Partner Dan Johnson and I are happy to continue as active Buyout Partners,” says Markus Sjöholm, former Managing Partner of CapMan Buyout.

“The changes in the Management Group reflect CapMan’s renewed strategy. Pia’s and Johan’s backgrounds and competences complement each other well and both have strong experience from implementing value creation strategies for portfolio companies,” says Joakim Frimodig, CapMan’s Interim CEO.

For more information, please contact:
Joakim Frimodig, Interim CEO, CapMan Plc, tel. +358 50 529 0665
Pia Kåll, Managing Partner, CapMan Buyout, tel. +358 40 766 4446

Categories: News Personalia

Pharmalink announces the appointment of a new CEO

Industrifonden’s portfolio company Pharmalink, a specialty pharmaceutical company, announces the appointment of Renee Aguiar-Lucander as Chief Executive Officer.

Pharmalink has appointed Ms Aguiar-Lucander to lead the Company’s expansion and strategic development, following the clinical success to date of Nefecon®: a Phase 3 ready compound with orphan designation. Ms Aguiar-Lucander will, in conjunction with the Pharmalink team, pursue a range of initiatives, including raising private or public capital for the Phase 3 trial, expanding the Company’s development platform, in-licensing of additional compounds as well as partnering. Pharmalink’s current CEO, Dr Johan Häggblad, will take on the role of COO and will continue to lead clinical and product development.

Prior to joining Pharmalink Ms. Aguiar-Lucander was Partner and COO of Omega Fund Management, an international healthcare fund based in Boston. She was previously a Partner at the venture group of 3i Group plc, where she managed the European and US legacy healthcare and technology portfolios, and had responsibility for the group’s public holdings.

Prior to this Ms. Aguiar-Lucander was European Group Head and Managing Director at a US based global investment bank. She has more than 12 years of corporate finance experience, including merger and acquisitions, corporate restructurings and raising private and public capital for growth companies in Europe and the US. She has held senior management positions in a technology growth company and has significant corporate board experience in both private and public companies. Ms Aguiar-Lucander holds a BA in Finance from Stockholm School of Economics and a MBA from INSEAD.

Lennart Hansson of Industrifonden, Pharmalink’s lead investor representative, said: “We are delighted with the appointment of Renee as CEO at Pharmalink. Her appointment comes at a key time for the Company, now that it has completed its highly successful NEFIGAN Phase 2b clinical trial with Nefecon® in patients with IgA nephropathy at risk of end stage renal disease. This is an exciting time for Pharmalink, as it prepares for the start of its Phase 3 study with Nefecon®.”

“I am excited to take up the CEO position at Pharmalink and join a team which has achieved truly exciting clinical results in the NEFIGAN trial. The company is well positioned to see accelerated growth and expansion through work with clinicians, KOLs and regulators to bring products to the market which address unmet medical needs, and make a true difference to patients and their families.” said Renee Aguiar-Lucander.

Categories: Personalia


Hexagon appoints new Chief Strategy Officer

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Hexagon, a leading global provider of information technology solutions, today announced the appointment of Ben Maslen as Hexagon’s Chief Strategy Officer (CSO). As CSO, Mr. Maslen will be responsible for the development and execution of strategic initiatives to support Hexagon’s long-term growth and shareholder value.

Mr. Maslen has over 15 years of experience in the capital markets industry including being co-head of the European Capital Goods equity research team at Morgan Stanley. Prior to Morgan Stanley, he was an equity analyst at Bank of America Merrill Lynch and Lehman Brothers.

Mr. Maslen will officially assume the role of CSO in the summer of 2017 as part of Hexagon’s group management team, reporting to the President and CEO.

For further information, please contact:
Maria Luthstrom, Investor Relations Manager, Hexagon AB , +46 8 601 26 27,
Kristin Christensen , Chief Marketing Officer, Hexagon AB , +1 404 554 0972,

Hexagon is a leading global provider of information technology solutions that drive productivity and quality across geospatial and industrial landscapes.

Hexagon’s solutions integrate sensors, software, domain knowledge and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 18,000 employees in 50 countries and net sales of approximately 3.1bn EUR. Learn more at and follow us @HexagonAB.

Johan Van de Steen joins IK Investment Partners


Johan Van de Steen joins IK Investment Partners

IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that Johan Van de Steen has joined the firm as Operating Partner as of April 2017. Johan will head IK’s Strategy, Operations and Business Control (SOBC) team.

Johan Van de Steen, 51, has substantial hands-on industrial experience, acquired over more than two decades in the corporate, management consulting and private equity environments. He began his career in industry, working for Siemens before joining McKinsey & Company as a strategy consultant.  He then became one of the founding European team members of KKR Capstone. Johan spent 15 years in private equity before joining IK.

In total, Johan brings more than 23 years of operating experience to IK. He will work closely with IK investment professionals and management teams to support IK’s existing portfolio companies to reach their full potential.

Johan holds a Master of Business Administration from INSEAD in France and a Master of Science degree in Electronics Engineering from Katholieke Universiteit Leuven in Belgium.

“Johan has a unique background with an exceptional toolkit of operational skills, a vast network of industrial contacts and a firm command of several European languages. As such, he is particularly well fitted to contribute to IK’s active ownership model. We are looking forward to taking a further step in sharpening our firm’s operational skill set,” said Christopher Masek, CEO of IK Investment Partners.

“I was very much attracted to IK’s strong operational focus and hands-on approach as they partner with management teams to help businesses grow and expand. I look forward to collaborating closely with the investment teams and the companies across IK’s portfolio,” said Johan Van de Steen, Operating Partner at IK Investment Partners.

For further questions, please contact:

IK Investment Partners
Christopher Masek, CEO
Phone: +44 207 304 4300

Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9 billion of capital and invested in over 100 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit

Categories: Personalia


Morten Borge to be the new CEO of Ferd from 1 August 2017

Morten Borge (35) is to take over as the new CEO of Ferd when John Giverholt retires on 1 August of this year. Morten Borge is currently Investment Director of Ferd Capital.

Morten Borge completed a master’s degree in business administration and qualified as a certified public accountant at the BI Norwegian Business School. Before joining Ferd in 2008, he worked at PricewaterhouseCoopers (PwC), and he has also been CFO at Interwell, one of Ferd’s portfolio companies. Morten Borge is currently a member of the boards of Aibel, Interwell and Servi on behalf of Ferd. He is also a member of the board of Petroleum Geo Services.

“Proud of the team at Ferd”
“I am proud of the team at Ferd, and of having had a number of highly qualified internal candidates to choose from to take over from John Giverholt as CEO. This is the second time in a row that Ferd’s new CEO – other than from the family – has been recruited internally, and it is the result of deliberate planning and developing talent over a long period”, comments Johan H. Andresen, owner and Chairman of the Board of Directors of Ferd.

Johan H. Andresen emphasises that there are many advantages to recruiting the CEO internally for family-owned companies such as Ferd; internal candidates know Ferd’s owners, its business and the organisation, while the company’s owners also know internal candidates well. This means that Ferd’s owners can be sure that candidates’ values match Ferd’s. The level of risk involved is therefore much lower than with recruiting externally.

“Ferd has been very good at adapting its organisation and strategies to the company’s growth and changes in the opportunities in the market. We therefore wanted to appoint a new CEO who would continue to develop Ferd in line with our vision and values, rather than someone who would make radical changes”, explains Johan H. Andresen. He also emphasises that all the internal candidates in the appointment process satisfied these requirements.

The qualities needed for success
Johan H. Andresen explains that Ferd needs to grow in order to be able to develop its organisation and constantly pursue the company’s vision. “This will be demanding in the coming years and it will, in all probability, be essential for us to develop closer relationships with organisations we can partner with. The Board feels that Morten Borge very much has the qualities needed to do this successfully”.

Johan H. Andresen highlights in this connection what he describes as Morten’s “special capabilities”, which he defines as “his ability to build relationships both internally and externally, to identify and realise commercial opportunities, and to inspire the entirety of Ferd’s organisation”.

“Morten has good relationships with our portfolio companies’ management teams, board members and elected representatives. This human dimension is absolutely critical to operationalising Ferd’s values. Growth is not only a numbers game; it is just as much about the number of companies we are involved with and have an ownership stake in, and we have seen a very significant increase in this regard over the past 10-12 years. There will definitely be a lot to do in this area going forward. Morten’s potential is therefore much more important than what he has achieved so far”, comments Johan H. Andresen.

Johan H. Andresen also emphasises that Morten Borge comes from the part of Ferd that is active in industry, and that this means he will also help strengthen the company’s profile in industry and its strong, dynamic approach to ownership. According to Johan H. Andresen, this will continue to be a question of having skilled people on board, giving Ferd’s employees the freedom to do their job, and being good at recruitment and creating good ideas.

“Retiring with flying colours”
Johan H. Andresen is also grateful to John Giverholt for his many years of work as both CFO and CEO.

“In both these roles John has been a rock in Ferd’s industrial development. He has been a really important leader and advisor in the development of all aspects of our professional approach to ownership, and has played an important role in creating the confidence that was needed for us to be able to attract the right people to serve on the boards and executive management teams of our portfolio companies”, explains Johan H. Andresen.

“John’s professionalism gives people confidence. Some important key words connected with this are reliable, predictable in terms of how we act as owners and accountable. He has been very skilled at recruiting other skilled managers and employees, and this has allowed us to build the strong team we have today”, adds Johan H. Andresen.

“Over the years John and I have had a good and open dialogue through which we have both grown as individuals, particularly me, and we have learnt a lot from each other. He really is retiring with flying colours”.

John Giverholt will not, however, be leaving Ferd entirely when he retires on 1 August, as Johan H. Andresen explains that he will then join Ferd’s Advisory Board, which will continue to be important to the company’s strategy development. He will also continue to be the Chairman of the Board of Directors of Elopak. “I am really pleased that John has agreed to these appointments and so to continuing to be part of the Ferd team”, comments Johan H. Andresen.

John Giverholt: “Internal recruitment a sign of quality”
Retiring CEO John Giverholt also emphasises that it is a sign of strength that Ferd has once again been able to recruit a CEO from within its own ranks. It is, in his view, a sign of quality that Ferd is able to produce its own leaders.

“When I was appointed as CEO as a 60-year-old, it was really a decision taken in special circumstances. Now that a 35-year old has been appointed to my position, Ferd is very much in a different position. It is really exciting”, comments John Giverholt. He adds: “I have enjoyed many exciting years at Ferd. While I have been here we have achieved significant capital growth and made good financial progress. We have also built an organisation that certainly bears comparison with equivalent companies, including internationally, in terms of its professionalism, expertise and way of working”.

“I value greatly the confidence that Johan has shown in me. He has always given the organisation and its employees and management a wide mandate and set stable and predictable parameters for us to operate within. This has created a sense of assuredness that is absolutely crucial for an investment company such as ours to succeed”, explains John Giverholt.

Even if Ferd has performed well in recent years, everything has not always gone so well. “Johan has been very supportive when the markets have gone against us. He knows that what we do is risky, and he has always been supportive, even when things have gone against us – particularly in connection with the financial crisis in 2008. Working with him has been truly inspiring”, comments John Giverholt.

Ferd Social Entrepreneurs has become a very important part of the company in recent years. “Johan took the initiative and put social entrepreneurship on the map in Norway. What Ferd Social Entrepreneurs has achieved in the course of a few years is absolutely unique. The whole range of Ferd’s expertise has been deployed for the benefit of Ferd’s social entrepreneurs, and it is pleasing to see how this has helped boost the rest of Ferd as well”, explains John Giverholt.

“Ferd has never been stronger than it is now. The company is not going to be the same five or ten years from now. I am very sure, however, that Ferd will develop very strongly under Morten Borge’s leadership”, comments John Giverholt, who is looking forward to being on Ferd’s Advisory Board.

Morten Borge: “An enormous opportunity and a great vote of confidence”
“This is an enormous opportunity and a great vote of confidence from Ferd’s owners and Board, and I value it greatly. I have now been at Ferd for nearly nine years. During this time I have had the privilege of seeing different parts of the company close up and of working with many exciting companies and in lots of interesting situations. I am looking forward to helping further develop Ferd from today’s strong starting position, and am very grateful for the confidence that Ferd’s Board of Directors and Johan and his family have shown in me”, comments Morten Borge. He adds: “Working at Ferd with both Johan and John as CEO has been a great privilege and a wonderful learning experience. I am also really pleased that John is not planning to retire entirely, but will continue to be involved, not least by being on the Advisory Board”.

“It is important for us to build further on the solid foundation created under John’s leadership. At the same time, the world around us is changing at an ever-increasing rate. It is therefore right that we as an ownership company change at the same pace as the markets and the opportunities that arise. This is why we do not draw up 10-year strategy plans at Ferd. Instead, we take pleasure in new initiatives and developing as things progress, while at the same time emphasising the ability to take a long-term approach that being a family-owned company gives us”, explains Morten Borge.

“Teamwork is one of Ferd’s most important values. We have many highly skilled people that it will be inspiring to have the opportunity to lead. Ferd’s success is the result of close teamwork between all its employees, including teamwork across the company’s various business areas. This is an important formula for success that it is crucial we take care of and develop further”, concludes Morten Borge.

Categories: Personalia

Börje Ekholm appointed new CEO of Ericsson, steps down as CEO of Patricia Industries


2016-10-26 08:39 GMT+02

As announced today, Ericsson’s Board of Directors has appointed Börje Ekholm as new CEO, effective January 16, 2017. As a main owner of Ericsson, Investor fully supports this appointment.

In order to further align the CEO’s interests with the shareholders, Investor and Industrivärden will enter into an options agreement with Börje Ekholm. The options agreement will be entered into on market terms and means that Investor and Industrivärden together will issue 2,000,000 call options in the Ericsson Class B share (1,000,000 respectively). Each option entitles the purchase of one Ericsson B share at a strike price of SEK 80 per share during one year after a seven-year period. The valuation has been conducted, using the Black & Scholes model, by an independent third party.

As a consequence of this appointment, Börje Ekholm will leave his position as CEO of Patricia Industries. Investor’s strategy remains unchanged. Patricia Industries will continue to develop its existing companies and invest in new subsidiaries in the Nordics and in North America. Its operations will be managed jointly by Christian Cederholm and Noah Walley, Head of Patricia Industries Nordics and North America respectively. “First of all, as the Chairman of the Board of Investor, I would like to thank Börje for his great contributions to Investor during almost 25 years, of which ten as President and CEO, and also as the CEO of Patricia Industries. He has played an instrumental role in making Investor what it is today, not the least when it comes to successfully building our portfolio of subsidiaries. Secondly, representing one of the company’s main owners, I am very pleased to have a new CEO in place at Ericsson, an important company in our portfolio”, comments Jacob Wallenberg, Chairman of the Board of Investor.

“Having worked closely with Börje Ekholm for many years, I know that he will make a strong contribution in his new role as CEO of Ericsson. During the past year, he has established the foundation for Patricia Industries, which we will continue to build upon going forward. In Christian Cederholm and Noah Walley, we have two highly competent co-heads who will continue to develop Patricia Industries. Our strategy remains firm. We will continue to focus on developing our existing companies, invest selectively within Listed Core Investments, commit capital to EQT funds and grow Patricia Industries, with the ultimate target to generate a long-term attractive total shareholder return”, states Johan Forssell, President and CEO of Investor.

“Having spent almost 25 years in different roles within Investor, I have truly enjoyed working with creating long-term value in our companies. However, as an engineer by training, turning down the offer getting to lead Ericsson, one of Sweden’s greatest companies, is impossible. It is with great pride, humility and enthusiasm that I look forward to taking on this new task”, comments Börje Ekholm.

Patricia Industries, a part of Investor AB, makes control investments in best-in-class companies with strong market positions, brands and corporate cultures within industries positioned for secular growth. Our ambition is to be the sole owner of our companies, together with strong management teams and boards. We invest with an indefinite holding period, and focus on building durable value and capturing organic and non-organic growth opportunities.

This information is information that Investor AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:40 CET on October 26, 2016.

Categories: Personalia

Melker Schörling will leave his board positions in the spring of 2017

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Published: 08:00 CEST 24-10-2016 /GlobeNewswire /Source: Melker Schörling AB / : MELK /ISIN: SE0001785270
Melker Schörling will leave his board positions in the spring of 2017

Due to gradually deteriorating health, I will leave my board positions at the annual general meetings in the spring of 2017.

We will together with the nomination committees present proposals of new chairmen of the boards in MSAB, Hexagon, AAK and Hexpol during the next couple of months. I will of course continue to support and act as advisor to our managements and boards of directors.

I am happy to already now be able to inform you that we will propose to welcome back Carl-Henric Svanberg to MSAB’s Board of Directors at the annual general meeting in the spring. With his vast industrial experience and strong financial commitment to our group, he will be a great asset for us in the board.

At the annual general meeting we will propose Sofia Schörling Högberg to be Vice Chairman of the Board in MSAB next to Mikael Ekdahl. Märta Schörling Andreen will continue as a member of the board in MSAB, Hexpol and AAK.

The process of finding a successor to the current CEO of MSAB, Ulrik Svensson, continues and we expect to be able to present a new CEO later this year.

Stockholm 24th of October 2016

Melker Schörling

For further questions, please contact:

Melker Schörling AB
Tel: +46 8 407 36 60

This information is information that Melker Schörling AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CEST on 24th of October 2016.

Categories: Personalia

Ratos Nomination Committee and 2017 AGM

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Ratos’s Annual General Meeting (AGM) will be held on 6 April 2017 at Skandiascenen, Cirkus, in Stockholm, Sweden.

In accordance with the policy for appointing the Nomination Committee adopted at Ratos’s AGM on 14 April 2016, it is hereby announced that the company’s major owners/owner constellations have appointed a Nomination Committee with the Chairman of the Board Jonas Wiström as the convener.

The Nomination Committee comprises the following individuals:

Jan Andersson, requested to continue to serve as Chairman of the Nomination Committee by Ratos’s principal owners and a number of Swedish institutional owners
Ulf Fahlgren, nominated by Akademiinvest
Jan Söderberg, nominated by the Ragnar Söderberg Foundation and representing his own and related parties’ holdings
Maria Söderberg, nominated by the Torsten Söderberg Foundation
Per-Olof Söderberg, representing his own and related parties’ holdings
Jonas Wiström, Chairman of Ratos’s Board

In accordance with an AGM resolution, the Nomination Committee shall evaluate the composition and work of the Board of Directors and draft proposals for the 2017 AGM regarding:

election of the Board of Directors and Chairman of the Board
election of Auditor (in corporation with the Audit Committee)
remuneration to Board members and auditors
election of Chairman of the AGM
where necessary, changes to principles for composition of the next Nomination Committee

Shareholders who wish to submit proposals to the Nomination Committee may send an e-mail to (subject line “To the Nomination Committee”) or a letter to Ratos Nomination Committee, Yvonne Carpenter Elveljung, Ratos AB, Box 1661, SE-111 96 Stockholm, Sweden, not later than 9 February 2017.

Shareholders who wish to submit a proposal for consideration at the AGM should send such a proposal to the Chairman of the Board (at the above address) not later than 16 February 2017 in order for the proposal to be included in the notice of the meeting.

For further information, please contact:
Jan Andersson, Chairman of the Nomination Committee, +46 76 139 55 00
Jonas Wiström, Chairman of the Board of Ratos, +46 8 700 17 20
– See more at:

Categories: Personalia