Kinnevik sheds two key execs.

kinnevik

Sweden’s Kinnevik AB has announced the exit of its Chief Financial Officer Joakim Andersson and its Investment Director and Sector Head TMT Lars-Åke Norling.

The company said after Andersson is leaving after 18 successful years at the company while Norling will leave Kinnevik to take up the role as CEO of Nordnet.

However, Lars-Åke Norling will remain a senior advisor to Kinnevik.

Joakim Andersson will remain in his role until 31 December 2019 or until a new Chief Financial Officer is in place. Lars-Åke Norling will take up the position as CEO of Nordnet, a Nordic digital bank for savings and investments, on 1 September. Lars-Åke Norling will remain in the boards of Tele2 and Millicom and will retain a role as TMT advisor to Kinnevik.

Georgi Ganev, CEO of Kinnevik said: “Joakim Andersson leaves Kinnevik after an 18 year successful career in the Group, starting at Banque Invik in 2001. He has been Chief Financial Officer since 2015 and he served as interim CEO during 2017. Joakim has played an important role to refine our active ownership model and he made a great contribution during his year as interim CEO. Joakim has been an excellent support to me and the full management team during my first year as CEO, and I wish him all the best in his future endeavors.”

“During his time at Kinnevik, Lars-Åke Norling has been instrumental in driving the strategic development in our TMT assets during an important time. I want to congratulate Lars-Åke on his new, exciting operational role, and I glad that we can continue to work with him as an advisor and board member in our TMT assets,” he said.