The process to recruit a new CEO will begin immediately.

“The Board would like to thank Sophia for her contribution as CEO of Rikshem. She has succeeded in the challenge of changing Rikshem from a transaction-intensive company with a major focus on growth to a company that is well equipped for the future with a strong platform and a stable property management organization. It is now the right time to bring a new CEO on board since the operations now need to devote greater focus to developing the property portfolio and taking a proactive approach to investing activities, which has created a need for more commercially driven management,” says Bo Magnusson, Chairman of the Board of Rikshem.

“We have undergone a huge journey of change at Rikshem. I’m proud that the company is entering its next phase with a stable foundation, with a greater focus on property management, a long-term approach to neighborhood development and a stronger project organization. Rikshem is a company that is needed and that makes a difference in the lives of many people,” says Sophia Mattsson-Linnala, CEO of Rikshem.