Balder appoints Sharam Rahi as new CEO

Swedish-based real estate company Balder, which is active in Sweden, Denmark, Finland, Norway, Germany and the UK, has announced major leadership changes.

Balder management

The board has appointed Sharam Rahi as the new CEO, succeeding Erik Selin, who will continue as CEO until the 2026 AGM.
Rahi has played a crucial role in Balder's growth and development, most recently serving as deputy CEO with responsibility for all of Balder's operations. He has also held other leadership positions, including CEO of Balder's Finnish subsidiary, SATO.
Major shareholders Erik Selin Fastigheter and Arvid Svensson Invest plan to nominate Erik Selin as executive chairman at the 2026 Annual General Meeting (AGM). This proposal has received support from Swedbank Robur and AMF. 
In his role as executive chairman, Erik Selin will focus on capital allocation, investments, financing activities, and board work within the Balder Group and its associated holdings.
Current chairman Sten Duner will remain available as a regular board member. 
Erik Selin, founder and outgoing CEO, said: “After two decades as CEO of Balder, it is the right time to pass on the daily operational responsibilities to Sharam, who has been a key player ever since Balder’s journey began. We have worked closely for more than 25 years, and I have the greatest confidence in him, as a leader and as a person. Sharam knows the company better than anyone else, and I am convinced he is the right person to lead Balder going forward.”
Sten Duner, Balder’s chairman, commented: “The board is very pleased to appoint Sharam Rahi as new CEO. He has solid experience, very strong business acumen, and a deep understanding of Balder’s business and culture. The continuity of Balder’s leadership is very important, and with Sharam as CEO and Erik as Executive Chairman, Balder can continue its strong development for many years to come.”
Sharam Rahi, Balder’s new CEO, added: “It is an honour to take over the helm from Erik, one of Sweden’s most skilled businessmen. My main task will be to continue creating shareholder value in our core business through acquisitions, property development, and our strong property management operations.”