Jonas Andersson appointed as new CFO, replacing Per-Axel Sundström who has decided to leave D. Carnegie & Co AB

Per-Axel Sundström has, after several years at D. Carnegie & Co AB (publ), decided to leave his position as Chief Financial Officer (CFO). As a result, D. Carnegie & Co AB has decided to appoint Jonas Andersson as new CFO. Per-Axel Sundström’s last employment date and Jonas Andersson’s first day as new CFO has not yet been decided, but Per-Axel will work with the company to ensure a smooth transition.

”Leaving D. Carnegie & Co AB has not been a simple decision. The years spent with the company have been rewarding and it has been excited to see how the company has grown and developed into one of the largest listed residential property companies in Sweden. Now, the company has an attractive property portfolio and a strong balance sheet. My motives for leaving D. Carnegie & Co AB relates to a personal wish to decrease my work load which for long periods of time have been very intense, and in turn also make way for younger talents”, says Per-Axel Sundström, CFO of D. Carnegie & Co AB.

”Per-Axel was one of the company’s first employees and his journey with the company and its development has been a success story. His contributions in the development of D. Carnegie & Co AB have been both appreciated and meaningful. D. Carnegie & Co AB and its shareholders owe Per-Axel a great thank you and the company wishes him the best of luck.

Jonas Andersson, who will replace Per-Axel, has been with the company since 2015 in the role of CIO & Head of Financing and is one of the professionals that is best familiar with the company and its operations. Jonas has successfully led our acquisitions and financing activities for several years and is the natural choice as new CFO”, says Svein Erik Lilleland, CEO of D. Carnegie & Co AB.

“I am looking forward to the opportunity to continue being a part of developing D. Carnegie & Co in my new capacity as CFO. The company is in an exiting stage and has great potential to keep strengthening its position as one of the leading real estate companies in Sweden,” says Jonas Andersson.

For more information, please contact:

Svein Erik Lilleland, CEO, Telephone: +46 (0) 8 121 317 25, E-mail: sel@dcarnegie.se

This information is information that D. Carnegie & Co AB (publ) 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 07.30 a.m. CEST on 11 June 2018.

About D. Carnegie & Co

D. Carnegie & Co is a property company focusing on residential properties in the Greater Stockholm region and other growth areas. The company’s business concept is to own property portfolios slated for a gradual renovation of apartments in conjunction with the natural turnover of tenants. This can take place quickly and cost-efficiently thanks to extensive experience from the company's renovation method which, among other things, means that no evacuation needs to take place. In addition to this, the company creates value through the development of building rights in existing portfolios. The market value of the company’s properties amounted to SEK 21,952 million on 31 March 2018. The total rental value amounted to SEK 1,569 million annually on 31 March 2018. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.

About Us

About D. Carnegie & Co D. Carnegie & Co is a property company focusing on residential properties in the Greater Stockholm region and other growth areas. The company’s business concept is to own property portfolios slated for a gradual renovation of apartments in conjunction with the natural turnover of tenants. This can take place quickly and cost-efficiently thanks to extensive experience from the Bosystem renovation method which, among other things, means that no evacuation needs to take place. In addition to this, the company creates value through the development of building rights in existing portfolios. The market value of the company’s properties amounted to SEK 15,887 million as of September 30 2016. The total annual rental value amounted to SEK 1,366 million as of September 30 2016. The economic occupancy rate is high – vacancies are virtually non-existent. D. Carnegie & Co is listed on Nasdaq Stockholm.

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