Hemfosa Fastigheter employs Joacim Sjöberg as Executive Vice President
Hemfosa Fastigheter has employed Joacim Sjöberg as a new senior executive and the Board of Directors has appointed him Executive Vice President of Hemfosa Fastigheter AB. This appointment is an additional step in the company’s efforts to strengthen its Executive Management Team and ensure long-term, controlled succession planning following the departure of Jens Engwall, who plans to step down from his operational role prior to the end of 2017. Joacim Sjöberg currently serves as Head of Corporate Finance at Swedbank and plans to assume his position in October 2016.
In recent years, Hemfosa Fastigheter has worked determinedly to create a broad and competent Executive Management Team capable of driving the operations forward while also reducing the company’s dependency on specific individuals.
Provided approval of the Board, CEO Jens Engwall intends to hand over operational control of the company to Joacim Sjöberg prior to the end of 2017, after which he intends to remain available to serve as a Board member of Hemfosa Fastigheter and retain a significant shareholding in the company.
“I am thrilled that Joacim Sjöberg will become a member of Group Management at Hemfosa. As I see it, we are achieving two goals at the same time: we have recruited a person with solid strategic expertise who is familiar with and likes Hemfosa’s corporate culture and we have found an efficient way of accommodating my wish to cut back on my operational role in the company in the future,” says Jens Engwall, CEO of Hemfosa Fastigheter.
Joacim Sjöberg currently serves as Head of Corporate Finance at Swedbank and previously held similar positions at Öhman Fondkommission and HSH Nordbank. Prior to that, he worked at Alfred Berg Fondkommission and Enskilda Securities and as an attorney at Mannheimer Swartling. Joacim holds a law degree and has studied economics at Stockholm University and the London School of Economics.
“Joacim Sjöberg is very familiar with Hemfosa, having served as an advisor in all of the company’s transactions since it was first listed on the stock exchange in 2014. He has been involved in various ways in discussions concerning Hemfosa’s focus, business concept, financing and ownership ever since the company was formed. This means that he is familiar with our culture, our way of working and our strategic plan. Joacim also brings extensive expertise in transactions, capital markets and financing,” says Bengt Kjell, Chairman of the Board of Hemfosa Fastigheter.
For further information, please contact:
Jens Engwall, CEO, firstname.lastname@example.org, mobile +46 70 690 65 50, office +46 8 448 04 80
Bengt Kjell, Chairman of the Board, email@example.com, mobile +46 70 594 53 98
About Hemfosa Fastigheter
Hemfosa is a Swedish property company focusing on community service properties in the Nordic region with its largest tenants being the Swedish state and municipalities. This provides stable cash flows and a healthy yield. In order to create value, Hemfosa also aims to actively participate in the transaction market. As per March 31, 2016, Hemfosa owned properties with a total property value of approximately SEK 32.6 billion, including the company’s share of the property value in joint ventures. Hemfosa’s common share is listed since March 2014 and Hemfosa’s preference share is listed since since December 2014, both at Nasdaq Stockholm. Read more at www.hemfosa.se.