"It has been a great privilege to have been involved from the time Tre Kronor was founded until where the company stands today. Every year, the entire team has delivered what we promised to our shareholders, which I am very proud of," says Michael Johansson.

"I have appreciated our collaboration very much, and wish Michael good luck with future assignments," says Tre Kronor's Chairman of the Board Bernt-Olof Gustavsson.

Michael Johansson has been CEO of Tre Kronor since 2017 and has previously been CEO of ICA Fastigheter Sverige AB and held a number of board assignments. He will leave Tre Kronor for a new assignment in Stenhus, in the autumn of 2021.

"We will begin the recruitment of a successor and such recruitment will take into account the public takeover bids to the Company's shareholders submitted by LSTH Svenska Handelsfastigheter AB," says Bernt-Olof Gustavsson.