Peter Strand proposed as Chairman of the Board of Victoria Park AB
The Nomination Committee of Victoria Park AB has proposed prior to the Annual General Meeting on 24 April that the current CEO Peter Strand be elected as Chairman of the Board after Bo Forsén, who has previously announced that he is not available for reelection. The Nomination Committee has also proposed the reelection of Greg Dingizian, Pia Kinhult, Isabelle Wikner, Henrik Bonde, Lennart Sten, Anders Pettersson and Sofia Ljungdahl as Board members.
Peter Strand has, during his just over ten years with Victoria Park, led the company’s expansion from a minor project company into the Victoria Park of today, with a property portfolio that has a market value of about SEK 15 Bn, spread across more than 13,000 flats. Peter Strand will, as executive Chairman of the Board, assist the new CEO in transactions, value-creating business development and investor relations.
“The proposal to appoint Peter Strand as new Chairman means the company can retain key expertise and that a new CEO can benefit from his extensive network of contacts,” says Gillis Cullin, Chairman of the Nomination Committee.
Peter Strand was born in 1971 and has an MSc in Engineering from Lund Technical University from 1995. He previously held senior positions at Drott and Akelius, and was CEO for the listed companies Annehem and Tribona. Peter owns 3,082,400 Class A shares, 3,774,800 Class B shares and 4,000 preference shares.
“I would be honoured, if the Annual General Meeting so decides, to assume the position of Chairman of Victoria Park. I have been involved with the company for more than a decade and am planning to continue to participate in the company’s development towards the goal of a property value exceeding SEK 20 Bn not later than 2020,” says Peter Strand, CEO of Victoria Park.
The Nomination Committee ahead of the 2018 Annual General Meeting consists of Gillis Cullin (Chairman) and Greg Dingizian, John Hopkins, Anders Pettersson and Bo Forsén as members. The Nomination Committee’s members represent just over 40 percent of the company’s voting rights.
The full text of the Nomination Committee’s proposals will be presented in the official notification of Victoria Park’s Annual General Meeting, which will be held on 24 April in Malmö, Sweden.
For further information, please contact
Chairman of the Nomination Committee Gillis Cullin, telephone +46 (0)737 08 88 44, e-mail gillis.cullin@bkanold.se
Chairman of the Board Bo Forsén, telephone +46 (0)706 32 86 50, e-mail ab.forsiva@telia.com
This constitutes information that Victoria Park AB (publ) is legally obliged to publish according to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of Gillis Cullin, on February 1st 2018 at 7:30 a.m.
Victoria Park AB (publ) is a listed property company, which, through long-term management and social responsibility for more attractive living, creates value in an expanding property portfolio in growth districts in Sweden.
Victoria Park's property portfolio amounts to 1,062,000 square metres, comprising 13,425 flats, with a market value of SEK 14.6 Bn. The shares in Victoria Park are listed for trading on Nasdaq Stockholm Mid Cap.
Victoria Park AB (publ) Box 2, SE-201 20 Malmö, Sweden Tel +46 (0)40 16 74 40, Corporate Reg No 556695-0738, Head Office Malmö, www.victoriapark.se
