Kinnevik AB has parted ways with its Chief Executive Officer, Joakim Ganev, effective immediately, the Swedish investment firm announced today. The decision follows a period of underperformance and a significant decline in the company’s net asset value (NAV).
The move comes as Kinnevik reported a sharp stock drop in its fourth-quarter 2026 earnings call, triggered by the NAV decline. Kinnevik has appointed a temporary replacement, with further details expected to be announced shortly.
According to a report by Bloomberg, the decision to remove Ganev reflects investor dissatisfaction with the firm’s returns. The exact details of the separation agreement have not been disclosed.
The company’s stock experienced a considerable downturn following the earnings call, as reported by Investing.com, signaling market concern over Kinnevik’s financial trajectory. The extent of the stock drop was not immediately available.
Kinnevik’s board has initiated a search for a permanent successor to Ganev. The firm has not provided a timeline for the appointment of a new CEO.
