"Pål Ahlsén will lead Castellum into the next phase with a strong focus on profitability and value creation for all shareholders. The priority for the board and Pål Ahlsén is to define a new strategy for Castellum", says Ralf Spann, chairman of the board.

Pål Ahlsén has over a decade of leadership experience from Akelius Residential Property, where he was CEO and led the company's international expansion. He has a master's degree in economics from Stockholm University. Pål Ahlsén succeeds Joacim Sjöberg.

"I would also like to express my sincere thanks to Joacim Sjöberg for his strong contribution as CEO during an important and challenging period for Castellum", says Ralf Spann.

"I am honored by the trust I have received and look forward to working closely with Castellum's employees. Together with the board, we will define a new strategy with a clear focus on increasing Castellum's profitability", says Pål Ahlsén.

In connection with Pål Ahlsén stepping in as CEO, he will be replaced on the board by Jonas Rogberg.