Castellum slashes 60 roles, restructures executive team

Nordic commercial property company Castellum is implementing significant restructuring measures aimed at increasing efficiency, lowering costs, and boosting profitability.

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The executive management team will be reduced from 13 members to 10. The company also plans to cut around 60 roles at its head office (45 employees and 15 consultants).
These measures, which also include the discontinuation of the employee bonus scheme in 2026, are projected to generate annual cost savings of around SEK 50 mln (€4.4 mln), taking full effect in 2026.
Union negotiations regarding these changes have been initiated.
The streamlined executive management will consist of the following 10 individuals: Pål Ahlsén (CEO), Christoffer Strömbäck (acting head of Transactions and CFO), Kristina Grahn Persson (human resources director), and Anna-Karin Nyman (communications director).
Regional CEOs include Sven Stork (Stockholm), Per Gawelin (Central), Örjan Rystedt (West), Mats Eriksson (Mälardalen), and Ola Orsmark (Öresund).
The following four executives will be leaving Castellum as part of this reorganisation: Jens Andersson (CFO), Kristina Sawjani (CIO), Malin Löveborg (general counsel), and Sebastian Schlasberg (COO).
Pål Ahlsén, CEO of Castellum, commented: “We are adjusting our organisation, which has become too large. These are tough but necessary changes. I would also like to take this opportunity to extend my sincere thanks to Jens, Kristina, Malin and Sebastian for their contributions to Castellum.”