Swedbank’s CEO Michael Wolf gets fired.
In a press release stated that the Board took the initiative for change.
Birgitte Bonnesen has been appointed acting CEO .
Effective immediately, Michael Wolf, 52, to leave the post of president and CEO, said Swedbank in a press release.
“the next level”
– Michael Wolf has been successful and inspiring way led Swedbank to this day to be one of Europe’s strongest banks with lower risk and sustainable earnings potential. For this deserves great appreciation Michael Wolf. The Board believes, however, that it is time for new leadership and a new CEO who can take Swedbank to the next level, says Anders Sundström, Chairman of Swedbank, in the press release.
He comes during the notice period of 12 months to retaining 75 percent of their salary. Then, additional severance pay of 12 months, with 75 percent of salary. Then Michael Wolf had an annual salary of 13 million kronor, he can count on to collect 9.75 million crowns for two years, unless he obtains a new job, a total of 19.5 million.
For the public at large Michael Wolf became a household name for his relationship with the television profile Kristin Kaspersen, 46. in October last year, said Kristin Kaspersen on Instagram that the couple parted ways.
Recruitment underway
Why Board at this stage taken initiatives to Michael Wolf’s departure is unclear.
– I have no information other than what is in the press release, that they consider the need for new leadership, says Swedbank acting press Officer Claes Warren to Aftonbladet.
Has there been an internal grievance against Mr. Wolf?
– I dare not speak about, there is nothing I know of in all hem. The reason is probably that you have specified in the press release.
The work has now begun to recruit a new CEO of Swedbank. Meanwhile, Birgitte Bonnesen appointed acting CEO. She will furthermore continue working as head of Swedbank’s Swedish banking operations.
Aftonbladet looking Michael Wolf.
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