Hufvudstaden AB appointed Henrik Andréasson as its new NK Business Area head, replacing acting head Bo Wikare, who will resume his full-time position as head of business development at the Stockholm-based office and retail property specialist.

Along with the NK Business Area head position, Andréasson will also become a member of the company's executive management team, with both appointments to commence by Aug. 6.

Andréasson was also elected as the new CEO of Hufvudstaden unit AB Nordiska Kompaniet, a leasing services provider headquartered in Stockholm, according to a release.

He is currently serving as global retail development director at Fiskars and previously worked at Björn Borg and supermarket giant Lidl.