Sweden’s second-largest occupational pension fund, AMF, has decided on a change of leadership which will see chief investment officer Tomas Flodén replace chief executive officer Johan Sidenmark on 1 January next year.
A spokesman for the SEK800bn (€68.9bn) pensions group told IPE: “The board of AMF has decided, and Johan Sidenmark agrees with this, that this is a good time to pass the leadership over to a new CEO.”
AMF was a strong, well-managed company, he said, and was working towards a long-term strategy, which Flodén had a large part in developing.
“It is a strength for AMF to be able to change leadership on such an occasion in order to both gain new strength and keep the continuity required to continue and deliver high and secure occupational pensions to our 4.4 million savers,” the spokesman said.
Sidenmark has been the CEO of the blue-collar pension provider since 2012.
Flodén is currently head of asset management at AMF, and CEO of the group’s investment fund division AMF Fonder.
At AMF Fonder, the board has appointed Katarina Romberg as the new CEO, as well as the head of asset management, CIO, for the group, to take over those two roles from Flodén on 1 January 2025.
Romberg is currently head of alternative investments at AMF Fonder.
Flodén has worked at AMF since 2009, and had previously been chief of staff and deputy CEO at the group. Before his time at the company, he was chief economist at the Swedish Financial Supervisory Authority.
Lars Wedenborn, chair of AMF’s board, said: “We on the board are very happy that Tomas Flodén has agreed to take on the responsibility as CEO of AMF,” citing his “long and solid experience” at AMF, and in the pensions and financial sector.
“AMF is today a very well-run and strong company, and with Tomas as the new CEO, we are ensuring that AMF gets both the power required to continue developing and be at the forefront, but also the continuity needed to continue delivering good pensions to Sweden’s workers,” Wedenborn said in today’s announcement from the Stockholm-based company.
He said the board wished Sidenmark all the best for the future and wanted to thank him for his “long and very successful time as CEO”.
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