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Vitec

Vitec

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Olle Backman new CEO of Vitec Software Group AB, Lars Stenlund proposed as new Chairman of the Board

08:32 / 15 March 2021 Vitec Press release

The Board of Directors of Vitec Software Group AB (publ) has appointed Olle Backman as the new CEO. Olle Backman has been CFO of Vitec since June 2019 and before that he was CEO of the electrical installation company Eitech AB with just over 1,000 employees in Sweden. He will take over as CEO on April 29. The Nomination Committee proposes re-election of all board members and the addition of Lars Stenlund, who is also proposed as the new Chairman of the Board.

"Vitec's financial position and readiness for the future is good and our business model has proven to be sustainable. It feels like a suitable time for a shift, and I am pleased to be able to present Olle Backman as the new CEO. Olle has a solid experience and during his time at Vitec, in addition to his role as CFO, he has also been central in our acquisitions. I would also like to take the opportunity to thank Lars Stenlund for 36 successful years as CEO. It has been a fantastic journey. Since Lars co-founded Vitec, the company has evolved from a spin-off from Umeå University to one of the Nordic region's leading software companies with almost 1,000 employees, operating in 4 countries in 30 locations, says Chairman of the Board Crister Stjernfelt."

"I feel confident in handing over the CEO role to Olle who is an experienced and proven good leader, well founded in our values and our corporate culture. I look forward to continuing my contribution to Vitec's future development from a new position, says Lars Stenlund."

"I feel both honored and humbled by the task of taking over from Lars, whom I have had the privilege of working closely with. I look forward to, together with all the talented employees, driving Vitec forward with the long-term perspective that has always been the trademark of the company, says Olle Backman."

Recruitment of a successor to Olle Backman as CFO begins immediately.

 

For more information, please contact.

Crister Stjernfelt, cstjernfelt@gmail.com,+46-733-980004

Lars Stenlund, lars.stenlund@vitecsoftware.com,+46-70-659 49 39

Olle Backman, olle.backman@vitecsoftware.com,+46-70-632 89 93

Patrik Fransson, patrik.fransson@vitecsoftware.com,+46-76-942 85 97

 

Disclaimer

This information is of such a kind that Vitec Software Group AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through agency of the contact persons set above at 08:30 CET on Monday March 15, 2021.

 

About Vitec

Vitec is market leader for Vertical Market Software in the Nordic region. We develop and deliver standard niche software. Vitec grows through acquisitions of well-managed and well-established software companies. The Group's overall processes together with the employees' in-depth knowledge of the customer's local market enables continuous improvement and innovation. Our 950 employees are based in Denmark, Finland, Norway and Sweden. Vitec is listed on Nasdaq Stockholm and had net sales of SEK 1,313 million in 2020. Find more at www.vitecsoftware.com.

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