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Fabege CEO to step down in 2019

Fabege AB's president and CEO, Christian Hermelin, is set to leave in 2019 after spending almost 25 years at the company.

Hermelin, who was appointed CEO in March 2007, will remain in the executive role until his replacement is ready to take over the position, according to a release.

The Swedish real estate company's board said it has begun the process of searching for a new CEO.