Albin Rännar will become the new Vice President and CFO of the subsidiary Seamless Distribution Systems (SDS)
Albin Rännar will become the new Vice President and CFO of the subsidiary Seamless Distribution Systems (SDS). His task will be to strengthen the work of preparing the company for the proposed spin-off and continued profitable growth as a stand-alone company.
About Albin Rännar:
Albin Rännar is 42 years old and until recently held the position as Head of Market Surveillance at the Swedish Shareholders’ Association, where he has been since 2013. Amongst his responsibilities was monitoring the listed companies from a quality perspective. Prior to that, Albin was an entrepreneur since the year 2002. He was co-founder and CEO of Nordic Investor Services, which offers advice to institutional shareholders on corporate governance. Albin is a Master of Science in Economics and Business from the Stockholm School of Economics, specialising in accounting and finance. He has also worked in the areas of venture capital, corporate finance and as a management consultant, both in Sweden and internationally.
“I’m looking forward to be able to contribute with my experience and knowledge of orderliness and transparency in publicly listed companies. SDS is a stable, profitable company that processes electronic transactions in emerging markets and contributes to the creation of effective financial markets. This is FinTech that works, for the benefit of ordinary people. We have 675,000 resellers in 28 markets who have an opportunity to earn an income. This is profitable sustainability in emerging markets. It will be an exciting journey, piloting SDS to become a spinned-off, independent company that is valued on its own merits.”
“We’re delighted to be able to complete the management team with the arrival of Albin as new Vice President and CFO ahead of the proposed departure from the Seamless Group and Seqr. Albin enjoys a high level of confidence among investors as an incorruptible scrutinizer of listed companies, so his engagement with us represents a hallmark of quality”, says Tommy Eriksson, CEO of SDS.
A proposal will be put forward to the general meeting of the parent company on April 20 to authorise the board to decide on the sale of the subsidiary, either through a separate listing on Nasdaq First North or to a third party. Albin will assume the position of Vice President and CFO on April 5.
Seamless is one of the world’s largest suppliers of payment systems for mobile phones. Founded in 2001 and active in 35 countries, Seamless handles more than 5.3 billion transactions annually through 675 000 active sales outlets. Seamless has three main business areas including the transaction switch, the technology provider for the distribution of e-products and the mobile payment platform Seqr. www.seamless.se
Seamless Distribution AB, Box 6234, 102 34 Stockholm | Visiting address: St Eriksgatan 121 D | Org. no: 556610-2660 Phone: 08-564 878 00 | Fax: 08-564 878 23 | www.seamless.se