Avanza Bank Holding AB Announces CEO Changes
Rikard Josefson took over as CEO of Avanza in November 2017. Since then, Avanza has grown by over 1,000,000 customers and more than SEK 400 billion in savings capital, at the same time that Avanza has won the award for Sweden's most satisfied savers in every one of these years. To achieve an orderly succession, Rikard Josefson intends to step down as CEO first when a replacement has taken over and the handover process is completed, though no later than end of June 2024. As soon as a new CEO has taken over, Rikard's employment translates into one without management position, at otherwise unchanged conditions. If his replacement is not in place at end of June 2024, Avanza's Deputy CEO, Gunnar Olsson, will take over as Acting CEO. When Rikard Josefson steps down, applicable rules will take effect, which means a six-month notice period during which Rikard will remain at the disposal of the Board of Directors.