Industrivärden it increasingly difficult to lift – Swedish newspaper Svenska Dagbladet

Industrivärden it increasingly difficult to lift – Swedish newspaper Svenska Dagbladet

Manufacturing’s and SCA’s explanations on the purely commercial in frequent private jet air travel, with wives, children, friends, acquaintances and dogs, sustains everything ihåligare. Late Tuesday afternoon announced the SCA that the company is reviewing its earlier so well-motivated travel policy and that a minority auditor to review the historical travel. As a small side quests should the auditor may also examine the costs SCA and Industrivärden has had on the public relations consultants and lawyers who have been appointed to respond to the “untrue and biased reporting” as Chairman Sverker Martin-Löf believes that he and SCA been exposed to.

The private jet air travel and other shops of the top management and the Board has offended and angered at SCA’s organization long before SvD Business and N360 began to examine this, it seems not Sverker Martin-Löf like to understand and assimilate. But now the floodgates wide open.

Sverker Martin-Löf is increasingly squeezed clear that he would not run for re-election to their board seats, but only until 2016. The question is whether he and Industrial CEO, Anders Nyrén really going to go unscathed from 2015 (or 2014?). For both of these are ultimately responsible for the establishment of the high-flying culture within the sphere.

Had they had a solid track record for its ownership efforts in portfolio companies had their positions been less wobbly, but so is not the case. Many of the problems the children on the Stockholm Stock Exchange has Industrivärden as a main owner. This is particularly true Sandvik and Volvo. In Sandvik, moreover, Anders Nyrén Chairman. The stock has lagged behind the stock market in general and its main competitor, Atlas Copco in particular. Nyrén is responsible for the recruitment of Sandvik’s CEO Faxander and sacking of the former långvägaren Lars Pettersson and for the relocation of its headquarters from Sandviken to Stockholm. It is a cultural shift that has not yielded any fruit. The Volvo Industrial’s takeover of the main ownership is not meant either a strategic or commercial success. Volvo’s current CEO Olof Persson he also questioned and has a tough job to clean up after the representative Leif Johansson’s all busine ss.

But also the other the companies in which it is the sole principal owner has big worries. SSAB has partly to deal with a very tough economic conditions and partly a heavy debt burden after very badly timed acquisition of the steel company IPSCO in 2007. The driving force behind the acquisition was Chairman of the Board, Sverker Martin-Löf and the company’s former CEO Faxander. This also applies to the classic construction company Skanska, which has become the profitability and share price performance in terms utskopat over the last five years of the NCC. SCA has certainly fared better than many other forestry companies, but that’s mostly because those with some delay implemented the strategy that the previous owner challenger Custos painted up.

The only solid exception of Industry’s portfolio are Handelsbanken, which much has built its success on anything but private jet flying Directors – without a clean and diligent thrift.