SWEDEN - Lars Idermark (pictured) is to leave his post as CEO of the EUR16bn Andra AP-fonden (the Second Swedish National Pension Fund/AP2) in Gothenburg, on November 1 2005, to take up a new position as CEO of Kooperativa Förbundet (the Swedish Cooperative Union).
“Lars has built up the Fund since its foundation in 2000 and has done an excellent job. I quite understand that, after a period of five years, Lars is keen to accept new challenges, even though the fund will be sorry to see him go,” said Gunnar Larsson, chairman of AP2.
“We shall now initiate a recruitment process to find a new CEO for the Fund,” added Larsson.
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