Fredrik Westin appointed Deputy CEO of Magnolia Bostad

Fredrik Westin has been appointed Deputy CEO of Magnolia Bostad, while at the same time remaining in his role as CFO. The current Deputy CEO, Gurmo Endale, has chosen to terminate his position at the company.

“I welcome Fredrik Westin to the position of Deputy CEO and at the same time I would like to thank Gurmo Endale who has made a significant contribution to what Magnolia Bostad is today. Gurmo Endale will remain in the company until the end of November and I wish him the best of luck in future. Magnolia Bostad is in a growth phase focusing on property for self-management; we have a strong organization and a building rights portfolio of over 25,000 building rights. I am really looking forward to intensive and eventful years ahead,” says Johan Tengelin, CEO of Magnolia Bostad.

For more information, please contact:
Johan Tengelin, CEO, Magnolia Bostad
+46 72 235 59 86, johan.tengelin@magnoliabostad.se

Marita Björk, IR and Financial Media Manager
+46 72 720 00 06, marita.bjork@magnoliabostad.se

Magnolia Bostad AB, CIN 556797–7078, is a leading urban developer that develops new residential properties primarily rental apartments but also tenant-owned apartments, community service properties and hotels, in attractive locations in Sweden's growth areas and major cities. Housing is being developed both for sale and for self-management. Our work is based on a holistic approach where the operations are conducted in a way that promotes long-term, sustainable urban development. More information is available at www.magnoliabostad.com