Jens Engwall leaves the board of Hemfosa after the distribution of Nyfosa
The shares in Hemfosa Fastigheter AB's (“Hemfosa”) former wholly-owned subsidiary, Nyfosa AB (”Nyfosa”), were distributed to Hemfosa's ordinary shareholders and admitted to trading on Nasdaq Stockholm on November 23, 2018. Against this background, Jens Engwall has announced that he leaves Hemfosa's board of directors to be fully- focused on the assignment as CEO and board member of Nyfosa.
On April 25, 2018, it was announced that Jens Engwall had been appointed CEO of Nyfosa. He has thereafter, during the process of distributing and listing Nyfosa on Nasdaq Stockholm, remained as board member of Hemfosa. To be able to focus on the assignment as CEO and board member of Nyfosa, and allow Hemfosa to independently continue its development as a specialist in community service properties, Jens Engwall has announced that he is now leaving Hemfosa's board of directors.
"As a founder, board member and CEO of Hemfosa during 2009-2018, Jens Engwall has been very important for Hemfosa's development and he has contributed to the creation of significant values. This is shown by the fact that the company's property portfolio (including Nyfosa) during these years has grown from zero to represent a property value of SEK 51 billion as of September 30, 2018. After the division of the Hemfosa Group into two specialized companies, it is a natural step for Jens Engwall to focus on the assignment as CEO and board member in Nyfosa. We are looking forward to leverage Hemfosa's full potential within the community service segment under the leadership of the CEO Caroline Arehult, as one of the leading community service property companies in the Nordic region,” says Bengt Kjell, Chairman of the board of directors in Hemfosa.
For further information, please contact:
Bengt Kjell, Chairman of the Board, mobile +46 70 594 53 98