Landlord SBB Proposes Adviser Sten as Chairman as Schuss Quits
This article is for subscribers only.
Swedish landlord SBB is set to bring in a new chairman, proposing a senior adviser to helm the board in another management shakeup as it works to shore up finances.
The nomination committee of Samhallsbyggnadsbolaget i Norden AB — or SBB as it’s more commonly known — has proposed that shareholders elect Lennart Sten as new chairman, according to a statement. He’s set to take over from Lennart Schuss, who is relinquishing the top job but plans to stay on the board.