Fabege CEO resigns after 12 successful years
Publicerad: 16 december 2018, 17:35
Christian Hermelin, CEO of Fabege. Photo: Fabege.
Fabege has announced that Christian Hermelin has resigned as CEO after 12 years at the helm. He will leave the company in 2019 but remain at the helm until a new CEO has taken over. In a comment, Hermelin said that he will start working together with his brother, Gustaf Hermelin, who left the job as CEO of Catena almost two years ago.
“It has been an inspiring trip with Fabege and all these amazing employees. It has long been a goal for me to work with my brother Gustaf Hermelin and now I get both that opportunity and to focus entirely on urban development that I really love. Until a new CEO is in place, I will wholeheartedly invest in Fabege’s continued successful journey, “says Christian Hermelin, in a comment.
During Christian Hermelin’s tenure, Fabege has grown to become one of Sweden’s most successful and largest listed property companies. At the end of 2006, when he took over, the total asset value amounted to 27,2 billion SEK and at the end of Q3 2018, the asset value was 65 billion SEK.
“Through his strong commitment, leadership and good industry knowledge,
Christian Hermelin has navigated Fabege through the global financial crisis, while developing a clear and successful strategy that has strengthened Fabege’s position. Christian leaves a strong and stable real estate company with robust financial position. On behalf of the Board, I would like to extend my warmest thanks to Christian for his valuable contribution to Fabege during all these years,” says Jan Litborn, chairman of Fabege.
In total, Hermelin has been with Fabege for almost 25 years.