Vattenfall chief executive Magnus Hall will leave Swedish utility Vattenfall after six years.

The Vattenfall board will launch a recruitment process to find a new CEO to replace Hall, who will depart at the latest on 31 January 2021.

“Through his leadership and his commitment to Vattenfall’s customers and employees and to the energy transition, Magnus Hall has significantly contributed to Vattenfall’s improved position in the market,” chairman Lars Nordström said.