Ework Group - CEO stepping down at the end of 2025
12 juni, 09:30
12 juni, 09:30
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CEO informs that she is leaving her positionEwork has announced that CEO, Karin Schreil (54 years old), has informed the Board of Directors that she will be leaving her position at the end of 2025. The Board has now commenced the process to find a replacement. CoB comments: "During her time as President and CEO, Karin Schreil has further professionalized the company with new structures and systems that make us very well equipped for the future. We would like to extend our warm thanks to Karin for her efforts and wish her the best of luck in future challenges" Surprising announcementMs Schreil has been CEO since November 2021. Despite a recent setback largely reflecting a weaker market, earnings have grown well since then (adj. EBIT of SEK 201m in 2024, up from SEK 130m in 2021). The company has also implemented a new operating model and broadened its offering, as well as expanding geographically into Slovakia and Belgium, although its presence in these regions remains low. In light of this, we understand that Ms Schreil feels the timing is right to announce her departure, as significant internal changes have been completed or are close to being finished. Nevertheless, the announcement comes as a surprise, albeit relatively undramatic, as she will remain in her position until the end of the year. |
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Adj. EBIT, SEKm | |||
Source: ABG Sundal Collier, company data |
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Gross margin | |||
Source: ABG Sundal Collier, company data |
Läsaren av innehållet kan anta att ABG Sundal Collier har erhållit eller kommer att erhålla betalning för utförandet av finansiella företagstjänster från bolaget. Ersättningen är på förhand avtalad och är inte beroende av innehållet.
12 juni, 09:30
|
CEO informs that she is leaving her positionEwork has announced that CEO, Karin Schreil (54 years old), has informed the Board of Directors that she will be leaving her position at the end of 2025. The Board has now commenced the process to find a replacement. CoB comments: "During her time as President and CEO, Karin Schreil has further professionalized the company with new structures and systems that make us very well equipped for the future. We would like to extend our warm thanks to Karin for her efforts and wish her the best of luck in future challenges" Surprising announcementMs Schreil has been CEO since November 2021. Despite a recent setback largely reflecting a weaker market, earnings have grown well since then (adj. EBIT of SEK 201m in 2024, up from SEK 130m in 2021). The company has also implemented a new operating model and broadened its offering, as well as expanding geographically into Slovakia and Belgium, although its presence in these regions remains low. In light of this, we understand that Ms Schreil feels the timing is right to announce her departure, as significant internal changes have been completed or are close to being finished. Nevertheless, the announcement comes as a surprise, albeit relatively undramatic, as she will remain in her position until the end of the year. |
| |||
Adj. EBIT, SEKm | |||
Source: ABG Sundal Collier, company data |
| |||
Gross margin | |||
Source: ABG Sundal Collier, company data |
Läsaren av innehållet kan anta att ABG Sundal Collier har erhållit eller kommer att erhålla betalning för utförandet av finansiella företagstjänster från bolaget. Ersättningen är på förhand avtalad och är inte beroende av innehållet.
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