Swedish pension provider Alecta has announced that Magnus Hall has been appointed as chairman of its board, following approval from Sweden's Finansinspektionen (FI).
Alecta has struggled to appoint a permanent chair of the board since former chair, Ingrid Bonde, resigned in October 2023, amid two investigations by Sweden’s Financial Supervisory Authority over the pension company’s investments.
Hall, born in 1959, is currently chair of the board of Södra, Göta Kanal-bolaget, Höganäs and Norrköpings Tidningar.
He was CEO of Vattenfall for almost six years before stepping down in 2020. Prior to that he was CEO of the Holmen Group for 10 years.
While employed at Holmen, he also served as chair of the Swedish Forest Industries Federation, and later chaired the Confederation of European Paper Industries (CEPI). He has an MSc in industrial engineering from Linköping Institute of Technology and has studied at Georgetown University on a Fulbright Scholarship.
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