Vattenfall appoints HR lead as new CFO

Vattenfall has found its new CFO from among its own ranks. The utility's SVP for HR, Kerstin Ahlfont, who has worked for the power company since 1995, is now appointed for the chief financial role.

Vattenfall's new CFO, Kerstin Ahlfont. Photo: PR / Vattenfall

In the latter half of last month, a big question mark was set as to who would become Vattenfall's new chief financial officer after the Swedish utility's current CFO, Anna Borg, was promoted to chief executive after Magnus Hall announced his resignation

With such a brief notice period as well as Vattenfall's tradition for in-house recruitment, observers expected that a larger internal executive reshuffle was set in motion to find the next CFO.

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