Handelsbanken CEO Faces First Self-Made Crisis One Month In Job [BNN Bloomberg (Canada)]
SVENSKA HANDELSBK UNS/ADR (SVNLY)
NASDAQ:AMEX Investor Relations:
danskebank.com/investor-relations
Company Research
Source: BNN Bloomberg
But less than a month into his new role, Green has already precipitated the lender's first crisis - a public relations storm by his own making as the former head of communications, Louise Sander, denies the lender's claim she was fired, saying she left on her own. It's the first test for Green since he took over from his predecessor, Carina Akerstrom, on Jan. 1. “If this is Handelsbanken's new communication strategy, then it isn't off to a flying start,” said Sverre Linton, general counsel at the Swedish Shareholders' Association, which represents retail investors including stockholders of the lender. Promoted for his ability to deliver rising profitability by keeping costs in check at Handelsbanken's dominating domestic unit, Green quickly made clear that his strategy for the company as a whole would focus on expenses as well. During his first press conference only three days into his new job, he vowed to improve efficiency and indicated he would trim the back office and suppo
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