Kinnevik Board Ousts CEO Grabau After Less Than Three Years
- Swedish investment company names Joakim Andersson acting chief
- Kinnevik says Grabau is leaving company with immediate effect
The Kinnevik Investment AB headquarters stand in Stockholm, Sweden.
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Kinnevik AB has ousted its Chief Executive Officer Lorenzo Grabau, after deciding the Swedish digital investment company needed a new leader for the “next phase” of its strategy.
The Stockholm-based firm appointed Joakim Andersson as acting CEO, and said that the board will start a search to find a permanent successor for Grabau.