Frans Lindelw has decided to leave Swedish bank Nordea for the position of president and CEO of Carnegie Investment Bank AB, He will vacate his position as head of Nordea Nordic Banking Sweden and member of Nordea’s Group Executive Management immediately, moving to Carnegie in Q3 2009.
“Frans Lindelw has contributed to Nordea’s strong results and has been one of the drivers of the development of both our customer relations and the introduction of the new operating model in Sweden. I am grateful for the work he has done for Nordea – both in group management and as country head for Sweden,” says Nordea’s President and CEO Christian Clausen.
Nordea has also come under pressure from one of its largest shareholders for its lack of international representatives on the board.
Kari Stadigh, chief executive of Finnish insurer Sampo, stated that Nordea’s board could still improve, in an interview with business magazine Talouselama on 22 May 2009.
“[The board] could have representation from outside the Nordic region. In Nordea’s board there is a tradition of Nordic quotas. I am in no way a quota man.”
Sampo owns 16.4% of Nordea and is the second-largest shareholder after the Swedish state.