Daniel Pasternack, CEO of EAB Group Plc, will focus on developing EAB Group’s sustainable private capital business line and will resign as CEO, upon the appointment of a successor

EAB Group Plc, Stock Exchange Release, 7 May 2021, 4:20 p.m. (EET)

Daniel Pasternack, CEO of EAB Group Plc, will focus on developing EAB Group’s sustainable private capital business line and will resign as CEO, upon the appointment of a successor

EAB Group Plc’s CEO Daniel Pasternack has wished to transfer from the CEO role to head EAB Group’s strategically important private capital business and agreed the transfer with the Board of Directors. Pasternack will also head the Group’s renewable energy and circular economy investment team going forward.

Pasternack, who holds a Ph.D. in finance, has been the CEO for EAB Group Plc since 2012 and will continue as CEO until his successor has been appointed by the Board of Directors and has started working for the company.

The company has started the search for a new CEO.

”Daniel Pasternack has lead EAB Group Plc for almost nine years, during which the company has made several acquisitions, grown 10-fold in revenue and 20-fold measured by the amount of client assets. In addition, the company was listed on the First North Finland in 2015 and on the main list of Nasdaq Helsinki during 2019. Pasternack resigns as CEO after successfully completing the efficiency program and the turn-around to profitability. The company is especially grateful for the dedication and professionalism that Pasternack has shown in his leadership”, says Chair of the Board Therese Cedercreutz.

”Capital and active ownership play a crucial role in solving sustainability issues permanently. I sincerely believe, that the most significant impact as well as the best results for investors and other stakeholders, can be achieved by allocating capital to non-listed investments that help solve sustainability issues and thus help prevent climate change and preserve natural ecosystems. My passion is to be part of this by building a private capital business for Elite Alfred Berg that focuses on sustainable alternative investments such as renewable energy, circular economy and other non-listed sustainable investments”, says CEO Daniel Pasternack.

EAB Group Plc will announce the new CEO once the Board of Directors has appointed Pasternack’s successor.

EAB GROUP PLC
Board of Directors

Further information:

EAB Group Plc

Daniel Pasternack, CEO
+358 50 569 3416
daniel.pasternack@eabgroup.fi

Therese Cedercreutz, Chair of the Board
+358 40 544 2502
therese.cedercreutz@miltton.com

Elite Alfred Berg offers responsible investment and asset management services for private investors, institutions and professional investors. Elite Alfred Berg is the marketing name of the EAB Group. The Group's parent company EAB Group Plc’s shares are listed on the Nasdaq Helsinki stock exchange. The Group companies include EAB Asset Management Ltd, which offers asset management activities, and EAB Fund Management Ltd, which acts as a fund company and authorised alternative investment fund manager. The Group’s customer base consists of individuals and corporations that are served nationwide in 13 different locations. The Group employs 88 investment professionals, and more than 20 tied agents provide its services. On behalf of its clients, the Group manages assets of over EUR 3 billion. Explore EAB Group’s services at http://www.eabgroup.fi.

DISTRIBUTION:
Nasdaq Helsinki Oy
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www.eabgroup.fi

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