Sverker Martin-Löf has announced the nomination committees of the boards where he sits he would not run for re-election, said sources for SvD Business.
The notice is expected to be officially in card holds great drama.
With Sverker Martin-Löf departure disappearance of one of by far the most powerful people in the Swedish business right out in the cold. Sverker Martin-Löf is currently Chairman of Industrivärden, which in turn is a major shareholder in a number of large listed companies.
Sverker Martin-Löf is also Chairman of SCA and SSAB. At Handelsbanken, and Ericsson, he is Vice Chairman and Skanska director.
The announcement comes as a result of SvD Enterprise’s review of SCA and Industrivärden Sphere, which contained a series of embarrassing details of Sverker Martin Löf, later that his son was involved as an advisor in two miljardaffärer SCA done.
In the past, among other things focused on his journeys to and from Norrland in SCA’s plan where both wife, children, grandchildren and dogs followed and lavish yachts.
Sverker Martin-Löf has staunchly defended himself and refused to admit that he or SCA made any errors. He is also reported in the longest have argued against admitting an independent reviewer of SCA’s business aircraft, which has been a requirement from minority shareholders who Fourth AP Fund, AMF and even Shareholders’ Association. Although this should have weakened his position in life, according to data to SvD Business.
The Board nevertheless decided to bring in an independent lawyer can be seen as a vote of no confidence against Sverker Martin-Löf.
In an interview in Dagens Industri, he considered himself additionally be subject to interception, a sensational claim was met with great skepticism from, among other institutional investors.
On the 16th December announced Sverker Martin-Löf that he intended to leave all of their mission in 2016. But in recent weeks there have been calls for him to leave this year. Aktiespararnas Carl Rosen brought up the issue as recently as Tuesday after the revelation of her son’s role as an advisor in the SCA business. There is therefore now so.
“Ultimately it is about the governance of a number of large Swedish companies such as Volvo, Ericsson, Handelsbanken, Skanska, SSAB and Sandvik.”
When Sverker Martin-Löf leave the chair of Industrivärden Anders Nyren, as the company’s president, a candidate who has been mentioned as successor. He himself has said that it would be a flattering offer. But then he is expected to hand over the gavel at Handelsbanken.
Anders Nyrén at the side of Sverker Martin-Löf was the most powerful person in Industrivärden Sphere and himself called it a “personal union” . The union dissolved now.
At the same time, it is in line with what Anders Nyrén said in interviews that there are too few people in many offices within the sphere.
Anders Nyrén is of today, the president of Sandvik and member of the Volvo.
As SvD Business written in the past, Anders Nyren been approved and Sverker Martin-Löf’s travels. Self, he has traveled with SCA’s plan from the European Football Championship in Kiev together with their children.
rulings means also it is known as Industrivärden Sphere overnight change basically.
Ultimately it is about the governance of a number of large Swedish companies such as Volvo, Ericsson, Handelsbanken, Skanska, SSAB and Sandvik – companies that together have hundreds of thousands of people and accounts for significant parts of Sweden’s export revenue.
With defections creates a series of heavy board seats to fill.
In a short time, it must then shaken until the new chairman of such large companies as SCA, Industrivärden, SSAB and likely Handelsbanken. It is an almost unique position in the Swedish business.
In Ericsson and Skanska is the earlier, moreover, that Industrivärden loses a representative at Industry’s vice president Pär Östberg opted to skip of. In both these companies must therefore realm obtain two new names.
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