Swedish buyout shop Ratos announced Thursday that it has named Bo Jungner as deputy chief executive. Jungner will be responsible for finance, administration and compliance, and will continue to work with Ratos’s holdings as an investment director. Jungner has worked at Ratos since 1998.
Bo Jungner has been appointed as Deputy CEO at Ratos, with responsibility for finance, administration and compliance. Bo will also continue to work with Ratos’s holdings as an Investment Director.
Bo Jungner has worked at Ratos with investments and with responsibility for holdings since 1998. Bo has an MSc Econ degree and previously worked with corporate transactions for many years, at companies including SEB Enskilda and Brummer & Partners. As well as being responsible for finance, administration and compliance, Bo will also continue to work as an Investment Director.
Bo will partly take over duties from Ratos’s CFO, Carina Strid, who will be leaving her position at the end of September.
“The areas in which Ratos operates always have complex issues with many dimensions which must be handled. This applies in particular to issues within finance and law. I am therefore very glad that we can place this work in an organisation under Bo Jungner’s leadership,” says Ratos’s CEO Arne Karlsson.
“After nine years with the company, the past three as CFO, Carina Strid has now chosen to leave Ratos. She has done a fantastic job where she has built up, what I dare claim is the one of the most competent accounting departments among Swedish listed companies. Carina possesses broad and deep expertise within finance and accounting which we are going to miss,” Arne Karlsson continues.
In addition to Bo Jungner, Leif Johansson is also a Deputy CEO with responsibility for the Investment Organisation.
Ratos is a private equity conglomerate. The company’s mission is to maximise shareholder value over time through the professional, active and responsible exercise of its ownership role in primarily medium to large unlisted Nordic companies. Ratos’s holdings include AH Industries, Anticimex, Arcus-Gruppen, Biolin Scientific, Bisnode, Contex, DIAB, EuroMaint, Finnkino, GS-Hydro, Hafa Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Lindab, Medisize, Mobile Climate Control, SB Seating and Stofa. Ratos is listed on Nasdaq OMX Stockholm and market capitalisation amounts to approximately SEK 41 billion.