Per Franzén Takes the Helm as CEO of EQT AB Starting May 2025

The leadership landscape at EQT AB is set to undergo a dynamic transformation with the announcement of Per Franzén as the incoming Chief Executive Officer and Managing Partner, effective from the Annual Shareholders' Meeting on May 27, 2025. This decision stems from the EQT Board of Directors and marks a significant moment in the company's journey, which has witnessed tremendous success in recent years.

Per Franzén's association with EQT spans nearly two decades, contributing to the company's evolution into a leading global investment firm. At present, he holds the role of Deputy Managing Partner and oversees Private Capital across Europe and North America. His extensive tenure at EQT includes key achievements, such as steering the recent EUR 22 billion fundraising for EQT X, which is recognized as the largest private equity fund closed globally in 2024.

During this pivotal transition, the outgoing CEO, Christian Sinding, will remain in his role until the Annual Shareholders' Meeting to ensure a seamless shift in leadership. Christian has been at the forefront of EQT since 2019, a period marked by remarkable growth and transformation. Under his stewardship, EQT's market capitalization soared from approximately EUR 7 billion at the time of its IPO in 2019 to around EUR 40 billion today. His signature has not only been on financial metrics but also on fostering a robust corporate culture and strategic positioning that places EQT at the cutting edge of the investment landscape.

Looking forward, Franzén expressed his gratitude for the appointment and enthusiasm for leading EQT into its next chapter. He stated, "It is an honor to be appointed CEO of EQT. I am truly passionate about the firm, having spent most of my career here, and I am deeply committed to building on the fantastic global platform we have established under Christian's leadership."

With a robust plan ahead, EQT is poised to enter a EUR 100 billion fundraising cycle, further diversifying its investment strategies, expanding its distribution channels, and enhancing its brand presence. These strategic moves are intended to reinforce EQT's foundations in an ever-evolving global market and meet the expanding demands of its clients and shareholders.

Christian Sinding is set to transition to the role of Institutional Partner following his tenure as CEO. In this capacity, he will chair the newly formed EQT Council, an initiative aimed at bolstering partnerships and improving insights and strategies for EQT and its clients. This council will capitalize on external expert opinions, further embedding EQT's vision of pioneering success for its partners.

Adding to the chorus of support, Conni Jonsson, EQT's Chairperson of the Board, acknowledged Christian’s pivotal role during a time of rapid expansion and change for the firm. She underscored his dedication and vision in elevating EQT’s status within the competitive private equity. As the company embarks on this exciting new phase with Per at the helm, her faith in his capability to uphold EQT's performance-driven culture is palpable.

With a foundation rooted in values and exceptional talent, Per Franzén is set to harness his experience and insight to guide EQT forward. As stated by Jonsson, "This is the next logical step for EQT and we now enter an exciting new phase with Per at the helm."

In summary, the appointment of Per Franzén as CEO marks a new chapter not just for him, but for EQT AB as it continues to navigate the complexities of a global landscape with the objective of serving its clients and shareholders with outstanding value and performance. The transition signifies confidence in sustained growth and innovation, components that remain essential to EQT's mission in the investment arena.