Per Franzén Appointed New CEO of EQT AB
The Board of Directors of EQT AB has taken a significant step by appointing Per Franzén as the new CEO and Managing Partner, effective from the upcoming Annual Shareholders' Meeting. This transition marks a new chapter for EQT as Christian Sinding continues to lead during the transition period.
Leadership Transition and Background
Per Franzén has dedicated nearly two decades to EQT, holding the position of Deputy Managing Partner and Head of Private Capital Europe & North America. His leadership has been pivotal in EQT's remarkable growth. Recently, he played a crucial role in raising EUR 22 billion for EQT X, the largest private equity fund raised globally in 2024.
After the transition, Sinding will step into the role of Institutional Partner, where he will chair the EQT Council. This council is designed to unite EQT’s seasoned leaders with external expertise, ensuring that EQT remains well-positioned to meet client needs in an ever-evolving market environment.
Achievements Under Christian Sinding
During Sinding's tenure as CEO, EQT has undergone transformative growth, increasing its market capitalization from approximately EUR 7 billion at its 2019 IPO to around EUR 40 billion today. Under his guidance, EQT has reported record investments, heightened exit activity, and substantial growth in portfolio valuations leading into 2024.
Sinding’s leadership has solidified EQT's standing in the investment community, making it a formidable player in the private equity space. He has not only been a dynamic CEO but also known for fostering a company culture that prioritizes values and performance.
Per Franzén's Vision for the Future
Upon his appointment, Per expressed enthusiasm for the opportunity to lead EQT, stating, "It's an honor to step into the CEO role and further build on the exceptional platform established under Christian's management. I am determined to work closely with the team and Board to continue delivering exceptional value to our clients and shareholders. The commitment to our core values remains paramount."
The upcoming period will be crucial for EQT, particularly as it embarks on a fundraising cycle expected to reach EUR 100 billion. The firm is poised for growth with plans to launch new investment strategies and enhance their distribution channels.
The Role of the EQT Council
The newly established EQT Council will serve as a strategic body to enhance EQT's operations. This council will focus on fostering partnerships and providing essential insights for long-term client success. Such initiatives underscore EQT’s commitment to not only its clients but also to its broader impact on the global investment landscape.
Conni Jonsson, Chairperson of the Board of EQT, commended both Sinding's and Franzén’s tenures, highlighting the remarkable transformation EQT has experienced under their leadership. She expressed confidence that with Per at the helm, EQT would continue to achieve outstanding results.
About Per Franzén
Per Franzén, who joined EQT Partners in 2007, has made a significant impact on the firm’s strategic direction. He has a background that includes key roles in private capital and has been influential in expanding EQT’s reach in Europe and North America. His experience ensures a seamless transition as he assumes the CEO role and further strengthens EQT's leadership team.
As EQT looks ahead, the focus remains on executing new initiatives, enhancing its service offering, and continuing its trajectory of growth. This leadership change is seen as a vital move for the company as it adapts to changing market dynamics while driving future success.
Frequently Asked Questions
Who is the new CEO of EQT AB?
The new CEO of EQT AB is Per Franzén, who will take on this role effective May 2025.
What was Per Franzén's role before becoming CEO?
Before becoming CEO, Per Franzén served as Deputy Managing Partner and Head of Private Capital Europe & North America.
What achievements did Christian Sinding make during his leadership?
Christian Sinding led EQT through a transformative period, growing its market capitalization significantly and ensuring record investment levels.
What is the purpose of the EQT Council?
The EQT Council aims to strengthen partnerships and provide insights for long-term client success in the evolving investment climate.
How long has Per Franzén been with EQT?
Per Franzén has been with EQT for nearly two decades, having joined the firm in 2007.
