Cristina Stenbeck

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Cristina Stenbeck
Born (1977-09-27) 27 September 1977
Long Island, New York, United States
Residence London
Nationality Swedish/American
Occupation Chairman and principal owner of Investment AB Kinnevik
Spouse(s) Alexander Fitzgibbons
Children 3 daughters
Parents Jan Stenbeck
Merrill MacLeod

Cristina Mayville Stenbeck, born 27 September 1977 in New York, USA, is a Swedish American business woman and the chairman of Investment AB Kinnevik, one of the largest family-controlled companies in Sweden.[1][2]

Early life

Cristina Stenbeck was born in New York as the eldest daughter of Jan Stenbeck, a Swedish industrialist and entrepreneur, and her American mother, Merrill MacLeod. Her parents had three other children, Hugo Stenbeck, Sophie Stenbeck and Max Stenbeck.[1] Cristina is also the granddaughter of Hugo Stenbeck (1890 – 1977), a Swedish industrialist and lawyer who was one of the co-founders of the family company, Investment AB Kinnevik.[3]

Cristina graduated from Georgetown University in Washington, D.C. with a Bachelor of Science in 2000.[4][5]

Career

Cristina Stenbeck’s business career began in 1997 after she joined the board of Invik & Co, a finance-based subsidiary of Kinnevik at the time. Cristina assumed leadership of the group in 2003 when she became the vice chairman of Investment AB Kinnevik, later becoming chairman in 2007.[6]

For the next decade after 2003, Cristina made successful changes at Kinnevik, consolidating the ownership of the group, whilst simplifying the corporate structure. She also divested peripheral businesses in order to reduce leverage and increase transparency of the company.[5][7][8]

Her leadership has also seen the group’s global network expand; the Kinnevik Group now operate in more than 80 countries in the communication, entertainment, media and e-commerce sectors, with well-known brands like Tigo, Tele2, Viasat, and Zalando forming part of the firm’s reach.[9] As of 30 September 2013, Kinnevik’s net assets totalled SEK 61.1 billion, while the combined capitalisation of all group companies was approximately SEK 200 billion.[10]

Philanthropy / awards

Cristina Stenbeck is the chairman of the Reach for Change foundation which promotes social entrepreneurship and business activities in Africa, Scandinavia, Russia and the CIS.[11][12] She also works for the Hugo Stenbeck Foundation with her brothers and sister, Sophie and Max, a charitable foundation established by her grandfather in 1962.[3]

In April 2012, Cristina was awarded the Swedish Royal Patriotic Society Business Medal for outstanding entrepreneurship,[13] while in November 2012, she won the Golden Gavel for her leadership as chairman of a listed company.[14]

Personal life

Cristina Stenbeck has been married to the English businessman Alexander Fitzgibbons since September 2005. The couple has three daughters and lives in London.

References

  1. ↑ 1.0 1.1 "Cristina Stenbeck axlar pappas mantel". DN.se. 13 May 2003. Retrieved 24 December 2013. 
  2. ↑ "Cristina Stenbeck of Sweden's Kinnevik". Bloomberg. 24 June 2010. Retrieved 24 December 2013. 
  3. ↑ 3.0 3.1 "Hugo Stenbeck Foundation: About". Hugo Stenbeck Foundation. Retrieved 24 December 2013. 
  4. ↑ "Stenbeck Profile". Bloomberg. Retrieved 24 December 2013. 
  5. ↑ 5.0 5.1 "Cristina Stenbeck, Kinnevik – Winner of the 2012 Golden Gavel – Listed companies". GuldKlubban. 2012. Retrieved 24 December 2013. 
  6. ↑ "Beyond the family boardroom". Financial Times. 11 March 2012. Retrieved 24 December 2013. 
  7. ↑ "A Swedish heiress confounds skeptics". New York Times. 31 October 2005. Retrieved 24 December 2013. 
  8. ↑ "KINNEVIK FÖRVÄRVAR EMESCO OCH STÄRKER ÄGANDET I MTG OCH TELE2". Investment AB hugin.info. 23 April 2009. Retrieved 24 December 2013. 
  9. ↑ "Facket ska granska svenskägda Millicoms sponsring av militärkupp". Fria.nu. 20 August 2009. Retrieved 24 December 2013. 
  10. ↑ "INTERIM REPORT 1 JANUARY-30 SEPTEMBER 2013". Kinnevik. September 2013. Retrieved 24 December 2013. 
  11. ↑ "En ny Stenbeck visar upp sig". Realtid.se. 10 May 2013. Retrieved 24 December 2013. 
  12. ↑ "Chairman of Playing For Change And Kinnevik Group, Cristina Stenbeck Endorses Safe Child". ReachforChange.org. 13 January 2012. Retrieved 24 December 2013. 
  13. ↑ "Cristina Stenbeck får Näringslivsmedalj för framstående entreprenörskap". Cision.com. 25 April 2012. Retrieved 23 December 2013. 
  14. ↑ "Camfil Vice Chairman receives Swedish award". Camfil.com. Retrieved 24 December 2013. 
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