Oslo, August 18, 2020

Mattias Ringqvist appointed as new Group CEO of Recover Nordic

Mattias Ringqvist is appointed as the new Group CEO of Recover Nordic. Ringqvist has a long and extensive experience from the leadership and evolvement of several service-oriented companies in the Nordics, most recently as the responsible executive of Verisure within the Nordic region. Ringqvist will step into the position from Monday, August 17. Finn Øistein Nordam, who has been acting as interim Group CEO, will step back into his role as Group CFO.

Ringqvist holds a Master of Science degree from Chalmers University of Technology in Gothenburg. Prior to his position at Verisure he has held several leading positions in Telenor’s Swedish and Danish enterprises, as well as previously being partner at management consulting firm McKinsey & Company in both the US and Sweden.

Having followed the company for several years, Ringqvist recognizes the possibility for growth in Recover’s local markets.

“"I have great respect for organisations like Recover where the employees so clearly help individuals and companies in their daily lives. Serving customers well every day of the week, all year around, can only be done through high engagement, deep knowledge and excellent service levels. I really look forward to further develop the leading position of Recover together with all employees", says Ringqvist in a comment.

Chairman of the board, Tore Thorstensen, says the following: “We are very excited to have Mattias Ringqvist join the team as new Group CEO of Recover Nordic. Mattias has extensive experience in developing and leading several successful companies in the Nordics, and I have no doubt that he is the best choice for this position and that he, together with the rest of the leadership team, will take lead on the journey towards further growth for the company”.

About Recover Nordic

Recover Nordic is the clear Nordic market leader in damage control services to insurance companies, with long- term framework agreements with most of the largest insurers and has a rapidly growing high-margin non-insurance environmental services business. The Company operates in a non-cyclical industry characterized by non-discretionary repeat purchases. Since its establishment as a standalone business six years ago, it has increased revenues by threefold. Recover is a pan-Nordic operator with full national coverage in Sweden, Norway, Denmark and Finland. Recover has more than 2,000 employees across the Nordics, operating from around 104 branches.

EQT is the owner of Recover Nordic together with the leadership team. EQT is one of Europe’s leading venture capital firms with 25 years of experience in acquiring companies and the further development of those companies. Today, the company has about 20 active funds which are invested in about 140 companies across the world. These portfolio companies have overall about 158000 employees.