Bravida Announces Board of Directors Change, Ivano Sessa Resigns

Ivano Sessa, a representative of Bain Capital, has resigned from the Board of Directors of Bravida Holding AB, effective immediately, the company announced on Monday.

Sessa's departure follows Bain Capital's decision on May 11, 2017, to sell its remaining shareholding in Bravida. The sale involved approximately 31.4 million shares, representing 15.5 percent of the votes in the company.

Bravida is a leading supplier of installation and service services for properties in the Nordic region. The company offers services across electrical, ventilation, heating, plumbing, and cooling.

The company provided no further comment on the reasons for the resignation. Board Chairwoman Monica Caneman confirmed the information.