Rutger Arnhult leaves his role as CEO of Castellum
Rutger Arnhult has announced his departure as CEO of Castellum, prompting the Board to initiate a search for his replacement. Under his leadership, Castellum's property portfolio expanded significantly, growing from SEK 103 billion in 2020 to SEK 186 billion by Q3 2022, bolstered by strategic acquisitions including Kungsleden, Kielo, and investments in Entra. Arnhult will remain in his position until a successor is appointed. He emphasized the need for new leadership to guide Castellum's future, while expressing confidence in the company's prospects.
- Property portfolio grew from SEK 103 billion in 2020 to SEK 186 billion by Q3 2022.
- Successful acquisitions of Kungsleden, Kielo, and investments in Entra increased competitiveness.
- Castellum is well-positioned in the Nordic commercial property market.
- CEO transition may result in uncertainty during the leadership change.
GOTHENBURG, Sweden, Dec. 14, 2022 /PRNewswire/ -- Rutger Arnhult has informed the Board of Directors of Castellum that he has decided to leave his position as CEO of the company. The Board is now initiating a process to appoint a new CEO.
Castellum has in recent years been in a phase of growth where the company, within its financial policy, has made important investments and acquisitions and thereby strengthened its competitiveness in the Nordic commercial property market. This includes the acquisition of Kungsleden as well as the expansion in Finland and Norway through the acquisition of Kielo and the investment in Entra. This has resulted the company's property portfolio growing from SEK 103 billion in 2020 to SEK 186 billion at the end of the third quarter of 2022.
"I see Castellum as well positioned to capitalize on its strong position in the Nordic commercial property market, and I have strong confidence in the company's continued journey. I have made the assessment that this journey is better driven by someone else, which is why I have decided to step down from the role of CEO. This will allow me to fully focus on my private investments, including Castellum. In order to create the conditions for the best possible handover, I will remain in my role for as long as the Board sees fit", says Rutger Arnhult, CEO of Castellum.
"As CEO of Castellum, Rutger has been central in driving the integration work with Kungsleden, significant progress in sustainability and thereby strengthening the company's competitiveness. Castellum today has a stable and profitable platform for the company's continued journey. The Board thanks Rutger for his efforts and wish him luck in his future endeavours", says Per Berggren, Chairman of the Board of Castellum.
Rutger Arnhult will remain in his role for as long as the Board sees fit. Rutger Arnhult has also informed the Nomination Committee that he will decline re-election to the Board.
For further information, please contact:
Per Berggren, Chairman of the Board of Directors, Castellum AB, +46 70 553 80 48
Anna-Karin Nyman, Communications Director, Castellum AB, +46 70 206 75 62
Rutger Arnhult, CEO Castellum AB, +46 70-458 24 70
About Castellum
Castellum is one of the largest listed property companies in the Nordic region that develops flexible workplaces and smart logistics solutions. As of 30 September 2022, the property value totalled approximately SEK 186 billion, including the ownership share of the Norwegian company Entra ASA. We are active in attractive Nordic growth regions. One of our sustainability goals is to become entirely climate neutral by 2030 at the latest. Castellum is the only Nordic property and construction company elected to the Dow Jones Sustainability Index (DJSI). The Castellum share is listed on Nasdaq Stockholm Large Cap.
Beyond expectations.
www.castellum.se
This disclosure contains information that Castellum is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 14-12-2022 21:30 CET.
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SOURCE Castellum
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