Sweden's Competition Authority drops its investigation into the extension of the CEO's assignment at Boab, with another probe also dismissed. Thomas Hjelmqvist was hired in April 2022 as CEO through a 50 percent consulting role for two years. He welcomes the decision, calling it correct.
Thomas Hjelmqvist was appointed in April 2022 as the new CEO of Hällefors bostads AB, known as Boab, a municipal housing company. The role was filled through a consulting service at 50 percent capacity for a two-year period. This arrangement prompted two investigations into the contract, including one by the Swedish Competition Authority concerning the extension of the assignment duration.
The Competition Authority has now decided to close the entire case. Hjelmqvist states that the authority considered the company's arguments, making the outcome appropriate. "The Competition Authority has taken note of our arguments, so the authority's decision feels correct. I stepped into a company that was in chaos," he says.
The second investigation is also dismissed, though specifics are not detailed in available information. Boab operates as a municipal entity in Hällefors, and the events highlight issues around recruitment in the public sector. The resolutions allow the company to focus on its operations without ongoing scrutiny.