Pehr G. Gyllenhammar

Pehr Gustaf Gyllenhammar (born 28 April 1935, in Gothenburg) is a Swedish businessman. He is mainly known for his 24 years as CEO and chairman of Volvo, between 1970 and 1994. In the early 1980s he took the initiative for the European Round Table of Industrialists (ERT).

Contents

Career

Gyllenhammar graduated from Lund University with a degree in law in 1959. He replaced his father, Pehr Gyllenhammar Sr., as CEO of insurance company Skandia in 1970. After only a few months he moved to Volvo where he became the CEO. He replaced his father-in-law Gunnar Engellau, who became chairman, in that position.

Member of the International Advisory Committee of Chase Manhattan Bank 1972-1995.[1]

At Volvo

Gyllenhammar became one of the most famous businessmen in Sweden at Volvo. He mixed success with failure. He oversaw a wide-reaching diversification of Volvo's business, buying, among other things pharmaceutical company Pharmacia. What finally forced him to leave Volvo was a failed merger with French company Renault.

After Volvo

After Volvo, Gyllenhammar withdrew from Swedish public life and moved to London where he eventually became chairman of insurance company Aviva. He returned to Swedish business in 2004 as Chairman of Investment AB Kinnevik.

Gyllenhammar is no longer a member of Investment AB Kinnevik's board.[2]

He serves as a director of the Reuters Founders Share Company since 1997 (now Chairman) and was awarded in 2003 an honorary doctorate by Gothenburg School of Economics and Commercial Law.

Majid Al Futtaim Group

Majid Al Futtaim Group, a major business chain in the United Arab Emirates, lists Mr Gyllenhammar as its Chairman. [3]

Political views

Gyllenhammar has in the past been an outspoken supporter of the Liberal People's Party. In his 1973 book I Believe in Sweden (Jag tror på Sverige) he was steadfast in his support for the Scandinavian model and argued for the kind social liberalism the Liberal People's Party used to support. Gyllenhammar served on the Party board and was widely considered as a future leader of the party. At times, he revealed an ambition to become Prime Minister of Sweden.

Personal information

Gyllenhammar is married to Christina Gyllenhammar (born Engellau in 1936). They live in London and have three daughters and one son: Cecilia, Charlotte, Sophie, and Oscar.

References

  1. ^ Pehr Gustaf Gyllenhammar
  2. ^ www.kinnevik.se
  3. ^ Majid Al Futtaim Group website
  4. ^ Karin Thunberg (2004-04-03). ""Jag ljög om mitt efternamn"" (in Swedish). Svenska Dagbladet. http://www.svd.se/dynamiskt/kultur/did_7240803.asp. Retrieved 2007-07-26.  ("I lied about my family name", an interview with Cecilia von Krusenstjerna.)
  5. ^ "Kofi Annan inviger minnesmärke" (in Swedish). Göteborg Culture Administration. http://www.kultur.goteborg.se/prod/kultur/kulturforvaltningen/dalis2.nsf/0/f2246525f5b0ae0fc12572e400414b30!OpenDocument&Click=. Retrieved 2007-07-26.  ("Kofi Annan inaugurates commemorative monument [over Raoul Wallenberg]")
  6. ^ "Charlotte Gyllenhammar CV". Göteborg Culture Administration. http://www.kultur.goteborg.se/prod/kultur/kulturforvaltningen/dalis2.nsf/0/f2246525f5b0ae0fc12572e400414b30/$FILE/Charlotte%20Gyllenhammar_Cv_March_2007.pdf. Retrieved 2007-07-26. 
  7. ^ "Sophie by Sophie/Biography". Archived from the original on 2007-07-17. http://web.archive.org/web/20070717183433/http://www.sophiebysophie.com/biography.php. Retrieved 2007-07-26. 
  8. ^ "Icon-avhoppare startar Compost" (in Swedish). Dagens Industri. 2000-10-11. http://di.se/Avdelningar/Artikel.aspx?O=Index&ArticleID=2000\10\11\7448&smallscreen=0. Retrieved 2007-07-26. 
  9. ^ "Bilsajten Autoo.se i konkurs" (in Swedish). Dagens Industri. 2007-07-04. http://di.se/Nyheter/?page=/Avdelningar/Artikel.aspx%3FO%3DIndex%26ArticleID%3D2002%5C10%5C22%5C61960%26src%3Ddi%26smallscreen%3D0. Retrieved 2007-07-26.