SSM announces change of CEO, names Mattias Lundgren as interim CEO with immediate effect

SSM Holding AB (publ), Sweden’s leading developer of smart and affordable homes, has made a change of CEO and appointed Mattias Lundgren as interim CEO with immediate effect. At the same time, the Board of Directors has started the recruiting process for a new CEO. Mattias Lundgren comes from the position as interim CFO at the exchange-listed property company Eastnine. Earlier, he worked for 20 years within the NCC Group in various management positions within finance and business development, most recently as CFO of NCC and a member of the Executive Management Group.

SSM has made a change of CEO and appointed Mattias Lundgren as interim CEO with immediate effect. At the same time, the current President & CEO Mattias Roos will leave all of his current assignments within the SSM Group. SSM’s Board of Directors has started the process of recruiting a new CEO.

Mattias Lundgren comes from the position as interim CFO at the exchange-listed property company Eastnine. Earlier, he worked for 20 years within the NCC Group in various management positions. Until the end of the fall 2018, he was CFO at NCC and a member of the Executive Management Group. Prior to this, he was business development manager within NCC Housing (now Bonava) and BU Manager of NCC Housing Sweden (now Bonava Sweden).

SSM is at a stage where it needs another type of leadership to continue developing the company in the desired direction. With Mattias Lundgren’s background in strategy, finance and industry experience, he is an exceptional candidate to lead the company. At the same time, the Board would like to thank Mattias Roos for his valuable contributions to SSM’s development and wish him all the best in the future, says Anders Janson, Chairman of the Board of SSM.

In accordance with Mattias Roos’ employment contract, SSM has a period of notice of 12 months. Mattias Roos is not entitled to severance pay.

The information in this press release is such, which SSM Holding AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Market Act. The information was submitted for publication, through the agency of the contact person set out below, at 08:45 CEST on June 10, 2019.

To contact the Chairman of the Board of Directors, please contact:

Ann-Charlotte Johansson
Chief Communications & IR Officer
Phone: +46 761 65 17 71
Email: ann-charlotte.johansson@ssmliving.se
Twitter: @anncharlotteSSM

About SSM Holding AB (publ)

SSM produces functionally smart and affordable homes with attractive common areas, close to public transport and the city center for the company’s target group – the urbanites of tomorrow. The company envisions a housing market that is accessible to as many people as possible and aspires to produce 50 percent cooperative apartments and 50 percent rental units. SSM is the leading property developer in its niche within the Greater Stockholm area and at end of March 2019, the company has approximately 6,200 building permits in its portfolio. SSM has been listed on Nasdaq Stockholm (Small-Cap) since April 6, 2017. www.ssmlivinggroup.com