F rank Vang-Jensen tossed out head first. The Board does not try to hide the discontent with the bank’s president. And the change of CEO, will according to data, have been on the road a long time.
Trade Bank President Pär Boman. Photo: Magnus Hjalmarsson Neideman
“He has the a successful and inspiring way to lead the company, but a new president is needed to lead the company into the the next phase. ” Approximately so it usually leave when directors kicked – even when it is obvious that the board considers that they did a bad job. There is often no agreement behind the scenes to make it look smooth outwards.
Vang-Jensen has only been president for 17 months, but one of the decisions he had to confrontation was the decision last spring to close the office.
the goal seemed to not really be in the case of Trade Bank, where the relatively new CEO Frank Vang-Jensen now get to go on the day. “A change of CEO should be done now,” the bank’s board in a press release and “the decision is purely an individual matter.” That is to say: this guy does not fit here.
There seems to have cut himself on that level that you do not even try to play co.
If something has happened drastically internally, like in the case where Swedbank, Michael Wolf had to go on the day, is still unclear. However, such evidence does not exist yet.
Frank Vang-Jensen. Photo: Daniella Backlund
According to SvD Business, the need to replace the president around a long time. The owners, including Fredrik Lundberg and Chairman Pär Boman, should have begun the hunt for a new CEO for around six months ago.
They should have considered Frank Vang-Jensen simply not had sufficient expertise to lead the bank.
Vang-Jensen has only been president for 17 months, but one of the decisions he had to confrontation was the decision last spring to close down the office. The wide branch network has been part of Handelsbanken’s core. It has also been awarded for the surveys, which the bank always come out well compared with its competitors.
the explanation is always named that the bank is closer to its customers thanks to its many offices. While there have been enough reason to slam the door on their way. Although many customers were irritated over the decision, the fact that fewer people go into the bank today. But it was not very professionally handled. The presentation of the decision was abrupt and unthinking. Just a year before the decision, the same spring when Frank Vang-Jensen took the name Handelsbanken’s office “absolutely not” will be fewer in the future.
When the decision then was made and probably well grounded internally seemed bank have extremely difficult to communicate it. Either they had not talked through it, or it was for many different wills that could not weld together.
April morning said press officer (probably instructed by some senior big shots in the bank ) that the bank would spend 50-60 offices within two years.
But Vang-Jensen refused to take the word order “closing down branches” in his mouth and called the press manager information “over-interpretation”.
Even where Anades an internal rift in how the information would be communicated.
Frank Vang-Jensen wanted not call closure for a closure.
When SvD reporter tried to ask questions about the office that would remove the answer from Frank Vang-Jensen only:
“I think you put a lot of focus on ‘delete’.
Yes how else would the closure – which is now in full swing to be executed – be interpreted. Is that how you communicate outwards, one can imagine how it is internally.
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