Ratos loses second deputy CEO with Jungner departure

Jungner joined Ratos in 1998 and became deputy CEO with responsibility for functions including business support, in addition to his investment director role. Jungner will remain in his position until February 2017, Ratos said in a statement.

The deputy CEO's decision to resign continues a string of high-profile departures at the top of the listed Swedish investor. Henrik Blomé, another deputy CEO, resigned from the firm in June and will also leave in 2017. Blomé will leave both his position as investment director and deputy CEO after 15 years with the company, but will continue in his roles until a point in the new year.

Blomé's resignation followed shortly after CEO Susanna Campbell was fired by the Ratos board in early June after three years at the GP's helm. Ratos chair Jonas Wiström said in a statement at the time that Ratos had been underperforming for some time and hoped a chief executive with more operational experience would help turn the GP around.

Campbell was temporarily replaced by current investment director Lars Johansson, who assumed the role of acting CEO while the search for a successor got under way. Ratos subsequently appointed Byggmax's Magnus Agervald as new CEO in mid-July.

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