Mikael Johansson appointed as permanent CEO in Avida Finans AB (publ)

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The Board of directors in Avida Finans AB (publ) (”Avida” or the “Company”) has resolved that Mikael Johansson is appointed as permanent CEO in the Company from and including October 31, 2024.

Mikael Johansson took on the role of Interim CEO for the Company on September 30, 2024, and has now been appointed as permanent CEO. Mikael has held several executive positions within banking, finance, payments, ecommerce and fintech industry. He most recently held the position of Managing Director at Avarda and prior to that as Managing Director for Santander Consumer Bank.

On September 18, Avida announced that the company has entered into an agreement to acquire the performing Swedish and Norwegian credit card business of Santander Consumer Bank AS, as well as the sales financing business that Santander Consumer Bank currently operates in partnership with Elkjøp in Norway and Elgiganten in Sweden. The acquired operations include approximately 450 000 private customers with a total outstanding balance of performing loan volume currently amounting to approximately 4 billion SEK. Considering this, the Board believes it is the right time to undertake a leadership transition to implement the next exciting phase of Avida’s growth and strategic development.

This disclosure contains information that Avida Finans AB 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 01-11-2024 11:25 CET.

For further information, please contact:
Michael Grosche, Head of Communication and Investor Relations, phone: +46 70 307 29 36, email: michael.grosche@avida.se 

About Avida:
Avida is a specialist in consumer and SME financing, aiming to provide a seamless customer experience, both digitally and personally.

We are on a transformative and exciting journey in Avida. September 18, 2024, we entered into an agreement to acquire the performing Swedish and Norwegian credit card business of Santander Consumer Bank AS, as well as the sales financing business that Santander Consumer Bank currently operates in partnership with Elkjøp in Norway and Elgiganten in Sweden. The acquired business will add approximately 450 000 new private customers and close to 50 new colleagues. When adding the new business, we will have approximately 210 employees with headquarters in Stockholm and offices in Oslo, Helsinki and Stavanger.

Avida is supervised by the Swedish Financial Supervisory Authority.