Vattenfall has elevated its chief financial officer Anna Borg as the company’s new chief executive.
Borg (pictured) will take over the reins on 1 November from Magnus Hall, who announced in the summer he was leaving the Swedish utility.
She is a former senior vice president business area markets and boss of the Nordic sales and Swedish heat businesses.
Forty-nine-year-old Borg said she was honoured to take up the position to lead the company.
“We have a clear strategy and I look forward to make sure that we are focused on continuing to deliver on our ambitious plans, together with all of our skilled employees,” she said.
“Anna Borg has a broad and deep experience that makes her very well suited to be CEO at Vattenfall,” said board chairman Lars Nordstrom.
“She has been involved in setting the company’s new strategic direction and is the right person to now take on and continue its execution. Anna is a good leader and knows Vattenfall and the energy sector from many years as an employee, manager and member of the Executive Group Management.”
A search for Borg’s successor in the CFO post will start immediately.