The Board of Directors of Corem has appointed Rutger Arnhult as CEO of the company, effective from 16 June 2023. Rutger succeeds Eva Landén who will assume the role as Executive Vice President.
Corem’s core business has developed steadily over the past year through continued activity in property management and lettings operations. At the same time, divestments and debt repayments have been priorities in order to strengthen the balance sheet, focusing on securing long-term, resilient finances. Rutger Arnhult’s appointment as CEO reflects a continued focus on strengthening the balance sheet through continued divestments enabling reduced debt.
“Corem has successfully navigated through difficult market conditions over the past year through divestments and debt repayments, which enabled a strengthened balance sheet while maintaining a continued stable core business. Rutger Arnhult’s mission is to continue to prioritize efforts to enable long-term resilient financing while also strengthening the company’s commercial focus. Rutger’s industry knowledge and business acumen creates an even stronger management team that is well suited to position Corem for the future,” says Patrik Essehorn, Chairman of the Board of Corem.
“I have a long-term commitment to Corem and look forward to taking on the CEO role and strengthen the company’s position as a leading commercial real estate company. My full focus will be to ensure that Corem is well positioned to continue to manage challenging market conditions and capture opportunities as market conditions improve,” says Rutger Arnhult, incoming CEO of Corem.
Rutger Arnhult will remain as a member of Corem’s Board.
Corem Property Group AB (publ)
FOR FURTHER INFORMATION, PLEASE CONTACT
Patrik Essehorn, Chairman, +46 708 82 03 75, patrik.essehorn@walthon.se
Corem Property Group AB (publ)
Address: P.O. Box 56085, SE-102 17 Stockholm
Visitors: Riddargatan 13 C
Reg.no: 556463-9440
www.corem.se
This information is such that Corem Property Group (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 10:30 CEST on 2 May 2023.
This press release is in all respects a translation of the Swedish original press release. In the event of any discrepancies between this translation and the Swedish original, the latter shall prevail.