Swedish pension fund Kåpan said today it is bringing back its recently-retired chief executive officer Gunnar Balsvik to take temporary command of the SEK170bn (€15.2bn) institution after its new CEO had to leave unexpectedly.
The Sundsvall-based Swedish government employees’ pension fund announced on 18 July that Marie Giertz, who was promoted to the role of CEO from 1 February to replace Balsvik, was resigning due to personal reasons in order to focus on her family.
Giertz had previously been deputy CEO and chief investment officer of Kåpan.
In today’s announcement, the pension fund said that Balsvik – who was CEO of Kåpan from 2003 to January 2025 – would take over as interim CEO, effective from 31 July.
Ann Follin, chair of the board of Kåpan Tjänstepension, said: “As a former CEO, Gunnar Balsvik is very familiar with the assignment and will contribute to stability, continuity and secure leadership with his many years of experience from the business.”
Kåpan said it had begun the process of recruiting a new permanent CEO.
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