The Board of Directors of Castellum appoints Joacim Sjöberg as acting CEO

Rhea-AI Summary

The Board of Directors of Castellum has appointed Joacim Sjöberg as acting CEO during the search for a new permanent CEO. Sjöberg, a board member since 2020, brings valuable knowledge of the company and industry. The Chairman of the Board, Per Berggren, expressed confidence in Sjöberg's leadership during this transition. The previous CEO, Rutger Arnhult, is exempt from work for the remainder of his notice period. Castellum, a major property company in the Nordic region, aims for climate neutrality by 2030 and has a property value of approximately SEK 186 billion.

Positive

• Joacim Sjöberg's appointment may provide stability during the CEO transition.
• His previous experience as a board member could facilitate continuity in leadership.

Negative

• The abrupt CEO change may raise concerns about management stability.
• The company must navigate a potentially lengthy recruitment process for a new permanent CEO.

GOTHENBURG, Sweden, Jan. 18, 2023 /PRNewswire/ -- The Board of Directors of Castellum has appointed Joacim Sjöberg as acting CEO of Castellum AB during the ongoing recruitment process. Joacim Sjöberg has been a member of the Board of Directors of Castellum since 2020 and has good knowledge of the company and the industry.

"I am very pleased that Joacim Sjöberg made himself available for this assignment during the ongoing recruitment process for a new president and CEO. The Board of Directors and I have great confidence that Joacim Sjöberg is the right person to lead the company until a new CEO can take office," says Per Berggren, Chairman of the Board of Directors, Castellum AB.

In addition to his role as member of the Board of Directors, Joacim Sjöberg assumes the role with immediate effect. CEO Rutger Arnhult is thus exempted from work for the remainder of his notice period.

For further information, please contact:

Per Berggren, Chairman of the Board of Directors, Castellum AB, +46 70 553 80 48
Joacim Sjöberg, member of the Board of Directors and acting CEO, Castellum AB, +46 31 60 74 00
Anna-Karin Nyman, Communications Director, Castellum AB, +46 70 206 75 62

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 17-01-2023 23:15 CET.

The following files are available for download:

https://mb.cision.com/Main/8364/3698564/1787750.pdf	Release
https://news.cision.com/castellum/i/joacim-sjoberg-low,c3134818	Joacim Sjoberg LOW

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SOURCE Castellum

FAQ

Who is Joacim Sjöberg and why was he appointed as acting CEO of CWQXY?

Joacim Sjöberg is a member of the Board of Directors at Castellum and was appointed as acting CEO to lead the company during the recruitment of a new CEO.

What are the potential impacts of Joacim Sjöberg's appointment on CWQXY?

Sjöberg's leadership could provide stability during the transition, but concerns about management continuity may affect investor confidence.

When did Joacim Sjöberg start his role as acting CEO of Castellum?

Joacim Sjöberg assumed the role of acting CEO immediately following the announcement on January 18, 2023.