”Joachim has done a fantastic job with the listing of Bonava and establishing the brand in the various markets, with great success in particularly in Germany. The company is now facing new challenges why the board has concluded it is the right time for a leadership change, says Mikael Norman, Chairman of the board at Bonava.

”I am very grateful to have had the opportunity to lead Bonava, from the listing of the company to establishing Bonava as a major housing developer in the industry. The company is now established on several markets with a solid platform for future development. After eight fantastic years it is now time for me to take on new challenges. I am very passionate about Bonava and hence keen to continue in my role as CEO during this transition period," says Joachim Hallengren.

Bonava was a business area within NCC up until 2016 when it was listed via a spin off to the shareholders of NCC. Bonava’s share price initially developed positively but has in the recent year not performed in line with peers.

“I especially would like to emphasize the important work within customer targeting and more specifically, the conceptualization, marketing, sales and digitalization that has been done during Joachim’s time as CEO. The board has concluded that it is positive that Joachim continues as CEO during a transition period to ensure continuity and to keep up the pace in the development of vital projects”, says Mikael Norman.