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Swedish property company Castellum AB on Wednesday announced a significant restructuring that will reduce its executive team and cut about 60 jobs at its head office.
Swedish property group Castellum's new Chief Executive Pål Ahlsén is implementing a "back to basics" strategy to combat a challenging market, as the company reported a drop in nine-month earnings.
Swedish property group Castellum AB on Tuesday named Pål Ahlsén, the former chief executive of its largest shareholder Akelius Residential Property, as its new CEO, effective Aug. 28.
Swedish property group Castellum AB's new chairman, Ralf Spann, said the company will promptly resume its search for a new chief executive following a significant board overhaul driven by its largest shareholder, Akelius Apartments.
Swedish property company Castellum AB on Tuesday reported a net profit for the first half of the year, reversing a loss from a year ago, as it navigates a significant board overhaul initiated by its largest shareholder.
Swedish property group Castellum will hold an extraordinary general meeting on July 18 for shareholders to vote on a significant board overhaul pushed by its largest investor, Akelius Apartments.
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