Stina Lindh Hök new CEO of Nyfosa
The Board of Nyfosa has appointed Stina Lindh Hök as new CEO of Nyfosa AB. She will replace Jens Engwall who has been the company’s CEO since the spin-off from Hemfosa in autumn 2018. Stina is currently Nyfosa’s Chief Operating Officer and has solid experience from transaction-based property operations and business development. Stina will take up her position as CEO on October 26, 2020.
Stina Lindh Hök holds a Master of Science in Engineering from the KTH Royal Institute of Technology in Stockholm. She has served as Chief Operating Officer (COO) of Nyfosa since the company was formed and was Head of Transactions at Hemfosa between 2012 and 2018. Prior to this, she worked as Project Manager for Transactions at Atrium Ljungberg and Leimdörfer, respectively, and as Head of Property Management at Fabege.
“We are delighted that Stina Lindh Hök is taking over as CEO and will continue developing Nyfosa now that Jens Engwall has decided to step down. As COO, Stina played a central role in raising Nyfosa to the position the company now holds. With Stina, Nyfosa will gain both continuity and new energy with her expertise in property transactions and business development. Now that Jens Engwall's role in Nyfosa is changing, I also want to take the opportunity to thank Jens for his crucial part in the development of Nyfosa and its dynamic corporate culture,” says Johan Ericsson, Chairman of the Board of Nyfosa.
“I am happy and proud to be entrusted to lead and further develop Nyfosa. We can look back on an exciting and profitable journey, and I am now looking ahead with a view to maintaining a high pace in transaction activity and creating value through growth and strong cash flows. I am very much looking forward to continuing to work with Nyfosa’s strong and dedicated team. There is still plenty to do,” says Stina Lindh Hök, incoming CEO.
Jens Engwall will remain as advisor to the company for a period of two years. He will continue to be available as a Board member of Nyfosa, also for re-election at the next Annual General Meeting, and retain a significant shareholding in the company.
“I am pleased that we in only two years have created the stable and thriving company that Nyfosa is today. Stina has driven Nyfosa’s transaction operations and I am convinced that she will do an excellent job in further developing the company and continuing to pursue its robust growth. Stina knows the company, the market and has a sharp nose for business. We have worked together for ten years and it feels completely natural that Stina will now take over as CEO. This is going to be good,” says Jens Engwall, outgoing CEO of Nyfosa.
For more information, please contact:
Johan Ericsson, Chairman of the Board, je@shhbostad.se, mobile +46 70 544 00 00
Jens Engwall, CEO, jens.engwall@nyfosa.se, mobile +46 70 690 65 50
Stina Lindh Hök, COO, stina.lindh.hok@nyfosa.se, mobile +46 70 577 18 85.
Before it was published, this information was inside information and is such information that Nyfosa AB is obligated to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication through the agency of the aforementioned contact persons on August 31, 2020 at 8:00 a.m. CEST.
About Nyfosa
Nyfosa is a transaction-based and opportunistic property company. The company’s business concept is based on active participation in the Swedish transaction market combined with an investment strategy that can be flexible to the property market. The aim is to develop and add value to a growing property portfolio with sustained high returns. At present, Nyfosa is focusing primarily on commercial properties in Sweden. As of June 30, 2020, Nyfosa owned commercial properties with a total property value of approximately SEK 24.9 billion. Read more at www.nyfosa.se
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