Press Release November 5, 2008 Swedbank appoints Michael Wolf as new CEO Swedbank has today appointed Michael Wolf to the position of CEO, currently the acting head of Intrum Justitia. He will take up his new position at the latest in connection with the Annual General Meeting on April 24th, 2009. ”Michael Wolf has thirteen years of experience from banking and eight years within the insurance industry. The Board of Directors have actively been seeking a CEO who has knowledge and experience of working in capital markets and posses a strong leadership track record. He has under his time at SEB, Skandia and most recently at Intrum Justitia showed his ability to successfully lead his team of employees to co-operate and perform”, says Swedbank's Chairman Carl Eric Stålberg. ”This is one of the finest jobs imaginable within the Swedish financial sector. I have a strong sense of belonging with Swedbank, who has had the courage to take the leap to build good relations with the new democracies and the new economies on the other side of the Baltic Sea in order to create the same strong position within the local society for the bank there as it has in Sweden”, comments Michael Wolf. A press conference in Swedish will be held today at 10:00 CET at Swedbank's head offices in Stockholm, Brunkebergstorg 8. The press conference will also be available via the web. Swedbank's Chairman Carl Eric Stålberg, the succeeding CEO Michael Wolf and the departing CEO Jan Lidén will all be present at the press conference. . For further information, please contact: Carl Eric Stålberg, Chairman of the Board, Swedbank, phone: +46 8 585 912 96 Thomas Backteman, Head of Communications and IR, Swedbank, phone: +46 8 585 935 09 Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95 ________________________________________________________________________________ __ Curriculum Vitae, Michael Wolf CEO of Intrum Justitia 2006- Listed company specialising in services within credit management in 24 countries, circa 3,000 employees and a market value of 6 billion SEK. Skandia 1998-2006 2003-2006 Vice President of Europe and Latin America with responsibility for16 countries. 2002-2003 CFO of Skandia AB 1999-2002 CEO of Skandia, Germany 1998-1999 Head of product development for Skandia Global Funds SEB 1985-1998 1996-1998 Global head of services for Cash-management och Trade Finance 1995-1997 Responsible for Commercial Banking Marketing 1985-1995 Various positions in Stockholm, New York and London Michael Wolf holds a BA in Economics from Stockholm's University, born 1963. He lives with his girlfriend and five children in Saltsjöbaden outside of Stockholm. Michael is interested in literature, skiing, golf and tennis. Swedbank's vision is to be the leading financial institution in the markets where we are present. Swedbank has 9 million retail customers and 600,000 corporate customers with more than 459 branches in Sweden, 300 branches in the Baltic countries and another 190 branches in Ukraine. The group is also present in Copenhagen, Helsinki, Kaliningrad, Luxembourg, Marbella, Moscow, New York, Oslo, Shanghai, St. Petersburg and Tokyo. As of December 2007 the group had total assets of SEK 1,600 billion and approximately 22,000 employees. For more information about Swedbank, please visit www.swedbank.com.
Swedbank appoints Michael Wolf as new CEO
| Source: Swedbank AB
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