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Magnolia Bostad appoints new CEO.

NORDIC BUSINESS REPORT-June 29, 2020-Magnolia Bostad appoints new CEO

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Magnolia Bostad AB (STO:MAG), a developer of new, urban residential properties, announced on Friday that Johan Tengelin will take over as CEO of the company no later than December 2020.

Tengelin succeeds Fredrik Lidjan, who has been CEO for over five years.

According to the company, it is now ready for the next step where the focus will shift more onto capitalising growth in recent years by building value in its own portfolio. Tengelin brings deep transaction and investment experience from the industry where he has contributed strong leadership and clear value creation in previous roles, the company added.

Currently, Tengelin's is with Brunswick Real Estate, where he became a partner in 2017 after being involved in and building up Brunswick's investment business as CEO of the subsidiary Sveafastigheter from 2014. Before that, he was CEO of the Nordic operations at GE Capital Real Estate, where he held several senior positions between 2004 and 2014. Earlier, from 1998 to 2004, he was project manager in Corporate Finance and a partner at Carnegie Investment

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Publication:Nordic Business Report
Date:Jun 29, 2020
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