Ilija Batljan resigns as CEO of the ailing real estate company SBB. The former Social Democratic politician will also remain on the board of the company he founded in 2016.

The share price has plummeted in May and the company writes in a press release that the Board of Directors agrees that a new leadership is the best thing for SBB, writes the company. The appointment of Leiv Synnes is an excellent choice of CEO that gives SBB the best possible conditions going forward.