Industry Update
Appointment22 November 2019

Svein Arild Steen-Mevold

Appointed Chief Portfolio Officer
At Scandic in Stockholm, Sweden

Svein Arild Steen-Mevold

Scandic Hotels is making organizational changes to further strengthen its focus on developing the hotel portfolio. Svein Arild Steen-Mevold, who is currently Head of Scandic Hotels Norway, has been appointed as Chief Portfolio Officer with overall responsibility for Scandic's portfolio management.

Scandic's hotel portfolio has grown rapidly in recent years and today, the Group is the clear leading hotel company in the Nordic countries. During the year, the company initiated a review of its portfolio in addition to working to make investment operations more effective and evaluating future growth possibilities.

To further strengthen and improve the efficiency of its portfolio development, Scandic will now introduce a new position with overall responsibility for portfolio management on the Group level. The position will entail overall responsibility for developing the hotel portfolio including managing lease agreements, relationships with property owners, design development and project management for renovations and new investments.

The new organization will take effect from January 1, 2020. Scandic has now started the process of recruiting a new head for the company's Norwegian operations. Asle Prestgard, who is currently district director in Western Norway, will act as interim Head of Scandic Norway when the new organization comes into effect.

Scandic

Scandic is the largest hotel company in the Nordic countries with more than 280 hotels, in operation and under development, in more than 130 destinations. The company is the leader when it comes to integrating sustainability in all operations and its award-winning Design for All concept ensures that Scandic hotels are accessible to everyone.
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3 May 2021 — Prior to Scandic Hotels Group AB's Annual General Meeting 2021, the Nomination Committee has proposed Therese Cedercreutz as a new member of the Board of Directors. The number of members on the Board will thus be increased to seven Board members elected by the annual general meeting and one employee representative.
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Fredrik Wetterlundh - Chief Human Resources Officer

14 April 2021 — Scandic has recruited Fredrik Wetterlundh as new Chief Human Resources Officer for Scandic Hotels Group. Fredrik will start in August and be a member of Scandic's Executive Committee. Most recently, Fredrik has been working in a position with global responsibility within human resources for mergers and acquisitions at Ericsson.
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29 September 2020 — Scandic is pleased to announce that it has strengthened its commercial operations by hiring Anna Spjuth as Chief Commercial Officer. Anna will start on October 1, 2020 and will be a member of Scandic's Executive Committee.
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