Gothenburg, Sweden - February 15, 2016, Gothenburg, Sweden - Swedbank AB said that chief executive Michael Wolf has been asked to step down by the board as of February 9, 2016.
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Mr. Wolf served as the Chief Executive Officer and President of Swedbank AB from March 1, 2009. Mr. Wolf served as Chief Executive Officer and President of Swedbank AB (publ) from March 1, 2009 to February 9, 2016. He served as President and Chief Executive Officer of Swedbank at Swedbank Hypotek AB until February 9, 2016.
He served as Chief Executive Officer of Swedbank Group at Public Joint Stock Company Swedbank until February 9, 2016.
He served as Head of Europe and Latin America and Member of Management Board at Old Mutual Plc. Mr. Wolf served as the Chief Executive Officer and President of Intrum Justitia AB from September 1, 2006 to November 30, 2008 and from September 1, 2006 to November 30, 2008 respectively.
He served as Chief Executive Officer of Skandia's German division from 1999 to 2002 and Chief Financial Officer of the group from 2002 to 2003. He served as an Executive Vice President, Head of Latin America Division and Member of Executive Management Board of Försäkringsaktiebolaget Skandia (publ) (known as Skandia Forsakrings AB) until May 2006 and served as its Head of Europe Division since May 22, 2003.
Mr. Wolf served as Acting Head of Europe Division of Försäkringsaktiebolaget Skandia (publ). He served as Vice President of Skandia AB from 2003 to 2006 with a responsibility for Europe and Latin America, and also served as its Chief Financial Officer of Skandia AB from 2002 to 2003. He served as Head of product development for Skandia Global Funds from 1998 to 1999.
He served as SEB from 1985 to 1998. He served as Global head of services for Cash-management and Trade Finance from 1996 to 1998. Mr. Wolf was responsible for Commercial Banking Marketing from 1995 to 1997. From 1985 to 1995, he served in various positions in Stockholm, New York and London. He served as Chairman of the Council at Swedbank AS since April 13, 2009.
Mr. Wolf serves as the Vice Chairman of the Board at Svenska Bankföreningen. He serves as a Member of Stockholms Handelskammare. He was Skandia employee since 1998. He serves as a Director of East Capital AB.
He serves as Director of Stockholm Chamber of Commerce and Svenska Bankföre-ningen. He served as a Director at Skandia Capital AB. He served as a Director of Intrum Justitia AB since April 2006. Mr. Wolf holds a B.Sc. in Economics and M.Sc. in Economics from Stockholm University.
Swedbank's Board has appointed Birgitte Bonnesen as Acting CEO. She will also remain in her position as Head of Swedish Banking.
Ms. Bonnesen has been Head of Swedish Banking at Swedbank Ab (publ), Finland Branch since January 1, 2015 and as its Acting Chief Executive Officer since February 2016. Ms. Bonnesen served as the Head of Baltic Banking at Swedbank from August 10, 2011 to 2014.
She served as Chief Audit Executive and Head of Internal Audit at Swedbank since 2009 until August 10, 2011. She served as Head of Global Financial Institutions & Trade Finance at Swedbank since 2008 until 2009. She served as Head of CRM Division at Swedbank Markets since 2004 until 2008. Between 2001 and 2004, she held Various senior positions International Banking Division at Swedbank.
From 1987 to 2000, she held Various senior positions within, among others Head of Financial Institutions in mature markets, Swedbank Markets. Ms. Bonnesen has been employed since 1987. She has been the Chairperson of The Supervisory Council at AS Swedbank since November 9, 2011. She has been Chair of The Council at Swedbank AS since August 2011. ■