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Generic Sweden AB

November 17, 2017

Fredrik Svedberg will step down as CEO of Generic Sweden AB

Fredrik Svedberg has informed the Board, at his own request, that he will step down as CEO of Generic Sweden AB on April 16, 2018. “The Group’s operations now consist solely of one operating business, Telekom, so it is natural to reduce the company’s overhead,” says Board Chairman Hans Krantz. Fredrik Svedberg will remain on the Board and is one of the principal owners of Generic Sweden AB, along with Hans Krantz. 

Malmö, November 17, 2017

Board of Directors, Generic Sweden AB 

Phone: 08-601 38 00 Email: fredrik.svedberg@generic.se

Generic Sweden AB (publ) was founded in 1993 and is today a pure-play telecommunications company specializing in alarm, SMS, and fax services with the highest level of reliability. The telecommunications division is a specialized telecom operator with its own network for critical communications. Services and products are offered within the Minicall and Messit product areas. The telecommunications business generated revenue of approximately SEK 50 million in 2016 and has 16 employees. The stock is traded on NASDAQ OMX First North Premier under the ticker symbol GENI. Remium Nordic AB is the company’s Certified Adviser. Additional information about the company is available at www.generic.se.

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