Vattenfall appoints new chief executive from within

Vattenfall has appointed Anna Borg as its new CEO and President, succeeding Magnus Hall.

Borg, who has been Vattenfall’s CFO since 2017, will take over her new role on 1 November.

The appointment comes as Magnus Hall revealed in July that he had decided to leave the company after six years as CEO.

The recruitment for a new CFO will commence immediately.

“Anna Borg has a broad and deep experience that makes her very well suited to be CEO at Vattenfall. 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,” said Vattenfall’s Chairman of the Board, Lars G Nordström.

“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.”

Among other things, Borg has been Senior Vice President for Vattenfall’s Business Area Markets, led the Nordic Sales business, the Swedish Heat business, as well as the European B2C business.