Hufvudstaden AB (publ) announced that President of Hufvudstaden Ivo Stopner has notified the Board of Directors of his intention to exercise the clause in his contract allowing him to retire at the age of 60. Ivo Stopner has served as President of Hufvudstaden since 1999, a period of 22 years. During this time, the company has demonstrated highly favourable expansion and performance and is now well positioned for the future. The Board of Directors has appointed Vice President Anders Nygren as the new President of Hufvudstaden and he will take office on 1 January 2022. He is currently Head of the Stockholm Business Area. He previously served as the Head of Hufvudstaden'sProperty Development. In addition, the Board of Directors has appointed the company's CFO Åsa Roslund as Vice President and she will take office on 1 January 2022. As previously, Bo Wikare, Head of the NK Business Area, is also Vice President of Hufvudstaden.