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3/28/2019, 10:11 AM (Source: TeleTrader)
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Swedbank board dismisses CEO

Swedbank's board of directors dismissed its president and chief executive officer Birgitte Bonnesen on Thursday, the bank said in a statement, confirming earlier media reports which claimed she is likely to be discharged.

Current chief financial officer Anders Karlsson will take over as the acting president and CEO while the bank searches for a permanent replacement for Bonnesen.

"The developments during the past days have created an enormous pressure for the bank. Therefore, the Board has decided to dismiss Birgitte Bonnesen from her position. With that said, Birgitte Bonnesen has during her three years as CEO made an important contribution by creating a leading digital bank with physical presence," Chairman of the bank Lars Idermakr stated.

Breaking the News / MD