Hoist Finance’s Chair Lars Wollung declines re-election
Lars Wollung has today informed Hoist Finance's Nomination Committee that he will not be available for re-election as Chair of the Board at the Annual General Meeting (AGM) on 7 May 2026. His decision was made after the Swedish Financial Supervisory Authority (SFSA) submitted a request to Hoist Finance for an opinion on Lars Wollung's suitability to remain on the Board.
The background is the two sanction decisions issued by the SFSA against Lars Wollung due to delayed transaction reporting and violation of the trading ban prior to the 2024 year-end report, after transfers of private pension- and endowment insurances. The decisions were announced by the SFSA in September 2025.
‘It has been four exciting years with Hoist Finance, which is now a well-managed company with a competent and effective Board and management,’ says Lars Wollung.
The Chair of the Nomination Committee, Per Arwidsson, comments: "It has been a fantastic journey during Lars' time as CEO and then Chair, with most aspects of the company having been greatly improved. The stock market has taken note, with the market value increasing almost fourfold during this four-year period. The company has excellent prospects and a well-functioning management team, and work is now continuing according to plan."
The Nomination Committee's proposals for the election of Board members and Chair of the Board will be presented in connection with the AGM notice.