Kenneth Lundahl resigns as CEO of Balco Group AB

Växjö June 15, 2022

After 9 years as President and CEO, Kenneth Lundahl has decided to leave Balco Group to focus on his own operations. Lundahl took on the role of CEO of Balco in 2013. Since then, the company has grown from 0.5 billion SEK in net sales to 1.2 billion SEK and is listed on Nasdaq OMX Stockholm.

– With great commitment and entrepreneurship, Kenneth and his team have driven the development of Balco to today be a market-leading balcony player. Under Kenneth's leadership, Balco has been successfully listed on the stock exchange and a number of company acquisitions have been completed. Kenneth leaves a financially strong Balco and the Board want to thank Kenneth for his fine efforts during these years, says Ingalill Berglund, Chairman of the Board of Balco Group.

- I am proud to have been on this journey together with all our employees and customers. It has been 9 fun and exciting years. Balco is a company with great potential, with a strong group management and skilled and committed employees. I will continue to support the company and look forward to following its development, says Kenneth Lundahl.

The recruitment process will start immediately. Lundahl will leave his role no later than mid-December.

This disclosure contains information that Balco Group AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 15-06-2022 17:30 CET.

For more information, please contact:

Ingalill Berglund, Chairman of the Board, +46-73-026 19 16, [email protected]
Kenneth Lundahl, President and CEO, +46-70-630 20 57, [email protected]