Collector AB: Collector’s CEO to Vacate Position in the Spring of 2017

Regulatory News:

Collector AB (publ.) (STO:COLL) Collector’s President and CEO, Stefan Alexandersson, has today informed the Board of Directors of his intention to resign his position. He will remain in his current role during his period of notice. The search for a new President and CEO will commence immediately, headed by the Chairman of Collector’s Board of Directors, Lena Apler.

"Stefan has been with the company for nearly 12 years of uninterrupted growth in various roles as IT Manager, CFO, Executive Vice President and CEO. It has been a pleasure to develop the company together with Stefan. Our shared view on the importance of a good corporate culture and entrepreneurship coupled with structure, has enabled unprecedented quality growth and performance. Leading a growing company is extremely stimulating, but also demanding. I fully respect Stefan’s view that the time has come to hand over to the next leader. We expect to have a replacement in place in the spring of 2017." Lena Apler, Chairman of the Board, Collector.

"Having, during my nearly 12 years as CEO, contributed to Collector’s more that 15-fold growth and, among other things, secured a bank licence, completed an IPO and transformed the company into the Nordic region’s leading digital niche bank, the time has now come for new challenges.” Stefan Alexandersson, CEO, Collector.

This information is such information that Collector AB is obliged to publish under the EU Market Abuse Regulation and the Securities Market Act. The information was issued for publication by the above contact persons on 5 October 2016 at 5.35 p.m. CET. Stock exchange: Ticker symbol COLL

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