The board member Fredrik Svensson has informed the Board of Directors of Samhällsbyggnadsbolaget i Norden AB (publ) ("SBB") that he will leave his position in SBB. Fredrik Svensson has been a member of the board since 2018, representing one of SBB’s largest shareholders, Arvid Svensson Invest.
According to SBB's Articles of Association, the Board shall consist of a minimum of three and a maximum of ten members. The company’s current Board of Directors was appointed at the Annual General Meeting on 28 April 2023. Following Fredrik Svensson's resignation, the Company's Board of Directors will consist of the following members: Lennart Schuss, Ilija Batljan, Sven-Olof Johansson, Hans Runesten, Anne-Grete Strøm-Erichsen, and Lars Rodert.
"Arvid Svensson Invest’s confidence in SBB and its presented strategy remains strong. I look forward to continuing to support the company as a shareholder, even if due to time constraints I cannot spend the time necessary for continued involvement on the board," says Fredrik Svensson.
"The Board of Directors has tirelessly and diligently supported the management team and the company throughout an intense and challenging period, and I want to thank Fredrik Svensson for his valuable contribution to the Board. Given the significant progress that has been made recently, and the current strategic direction, the Board continues to govern the company in accordance with the AGM's mandate. With a strong management team and a clear strategy in place, the work to strengthen SBB's financial position continues," says Lennart Schuss, Chairman of the Board, SBB.
"The Nomination Committee has already begun examining how it can support the Board of Directors given the current situation the company finds itself in. It is our intention to propose a Board that can support the company in the best way possible, well-ahead of the ordinary General Meeting," says Leif West, Chair of the Nomination Committee.
For further information, please contact:
Lennart Schuss, Chairman of the Board, [email protected], [email protected]
Leif West, Chair of the Nomination Committee, [email protected], [email protected]
This information constitutes insider information that Samhällsbyggnadsbolaget i Norden AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 7 December 2023 17.45 CET.
Samhällsbyggnadsbolaget i Norden AB (publ) (SBB) is the Nordic region’s leading property company in social infrastructure. The Company’s strategy is to long term own and manage social infrastructure properties in the Nordics and rent regulated residential properties in Sweden, and to actively work with property development. Through SBB’s commitment and engagement in community participation and social responsibility, municipalities and other stakeholders find the Company an attractive long-term partner. The Company’s series B shares (ticker SBB B) and D shares (ticker SBB D) are listed on Nasdaq Stockholm, Large Cap. Further information about SBB is available at www.sbbnorden.se.