VEF AB

Board/Management Information • Oct 3, 2023

VEF appoints new CFO

VEF AB (publ) announces that Kim Ståhl is appointed interim CFO following the resignation by current CFO Henrik Stenlund.

Henrik Stenlund has notified the company that he is resigning from his position to take up a new opportunity. He will remain with the company until year-end.

Kim Ståhl has been with VEF since 2021 as deputy CFO. Since joining, Kim has played a key role in driving and improving all aspects of our finance function. Kim has extensive background from various CFO, accounting and other finance roles prior to him joining VEF.

VEF CEO, Dave Nangle comments:

"As a firm we plan for change and succession, so that moments like these are low volatility, smooth events.

On behalf of all at VEF, I would like to thank Henrik for the key role he has played at VEF over the last 7 years. Having been with the company since 2016, he is effectively one of the founding employees and a good friend of the firm. We wish him all the best in his new endeavors.

I am pleased to see Kim step into the role as interim CFO. He has become a valuable member of the team over the last 3 years, and his transition to a more senior finance role in the firm was only a function of time."

For further information please contact:

Dave Nangle, CEO: +46 (0) 8-545 015 50

About Us

VEF AB (publ.) is an investment company whose Common Shares are listed in Sweden. We invest in growth stage private fintech companies, take minority stakes and are active investors with board representation in our portfolio companies, always looking to back the best entrepreneurs in each market. We focus on scale emerging markets and invest across all areas of financial services inclusive of payments, credit, mobile money and wealth advisors. VEF trades in Sweden on Nasdaq Stockholm's Main Market under the ticker VEFAB. For more information on VEF, please visit http://www.vef.vc.

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VEF appoints new CFO