Collector’s CEO to vacate position in the spring of 2017

Gothenburg, Sweden – Collector AB (publ.) (NASDAQ Stockholm: COLL). Collector’s President and CEO, Stefan Alexandersson, has today informed the Board of Directors of his intention to resign his position. He will remain in his current role during his period of notice. The search for a new President and CEO will commence immediately, headed by the Chairman of Collector’s Board of Directors, Lena Apler.

“Stefan has been with the company for nearly 12 years of uninterrupted growth in various roles as IT Manager, CFO, Executive Vice President and CEO. It has been a pleasure to develop the company together with Stefan. Our shared view on the importance of a good corporate culture and entrepreneurship coupled with structure, has enabled unprecedented quality growth and performance. Leading a growing company is extremely stimulating, but also demanding. I fully respect Stefan’s view that the time has come to hand over to the next leader. We expect to have a replacement in place in the spring of 2017.“ Lena Apler, Chairman of the Board, Collector.  

“Having, during my nearly 12 years as CEO, contributed to Collector’s more that 15-fold growth and, among other things, secured a bank licence, completed an IPO and transformed the company into the Nordic region’s leading digital niche bank, the time has now come for new challenges.” Stefan Alexandersson, CEO, Collector.


For further information, please contact:
Lena Apler, Chairman of the Board, Collector, phone at +46 70-525 65 80 or by email at lena.apler@collectorbank.se 
Erik Selin, Deputy Chairman of the Board, Collector, by phone at +46 70-607 47 90 or by email at erik.selin@balder.se 

This information is such information that Collector AB is obliged to publish under the EU Market Abuse Regulation and the Securities Market Act. The information was issued for publication by the above contact persons on 5 October 2016 at 5.35 p.m. CET. Stock exchange: Ticker symbol COLL

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About Us

Collector is a leading digital niche bank that develops financial solutions for private and corporate customers. For the private market, we offer savings and loans, invoicing and installment, credit card services and financial apps. The corporate segment encompasses payment solutions for e-commerce and retail, factoring and corporate lending, real estate credits and assignment debt collection. With an annual organic revenue growth of 30 % since 2005, we have the persistence, courage and experience required to believe in ideas and help get them off the ground. The Group consists of the parent company Collector AB (publ), the wholly owned subsidiary Collector Bank AB, where the main operations are conducted, Colligent Inkasso AB and Colligent Inkasso AS, offering assignment operations and debt collection, and Collector Ventures, which invests in FinTech. The company has offices in Gothenburg (head office), Stockholm, Helsinki and Oslo. Collector is listed on Nasdaq Stockholm.

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Quotes

Stefan has been with the company for nearly 12 years of uninterrupted growth in various roles as IT Manager, CFO, Executive Vice President and CEO. It has been a pleasure to develop the company together with Stefan. Our shared view on the importance of a good corporate culture and entrepreneurship coupled with structure, has enabled unprecedented quality growth and performance. Leading a growing company is extremely stimulating, but also demanding. I fully respect Stefan’s view that the time has come to hand over to the next leader. We expect to have a replacement in place in the spring of 2017.
Lena Apler, Chairman of the Board, Collector
Having, during my nearly 12 years as CEO, contributed to Collector’s more that 15-fold growth and, among other things, secured a bank licence, completed an IPO and transformed the company into the Nordic region’s leading digital niche bank, the time has now come for new challenges.
Stefan Alexandersson, CEO, Collector