Peter Wallenberg’s death – Aftonbladet

Peter Wallenberg's death – Aftonbladet

The financier Peter Wallenberg is dead.

He passed away quietly in his home, notify the family in a press release.

– For the royal family, Peter was a close and faithful friend, leaving us with great regret, says King Carl XVI Gustaf in a written statement.

Peter Wallenberg was for many years president of the Wallenberg family’s power companies Investor.

He began his career in Atlas Copco and worked in a number of countries in North America, Africa and Europe. However, it was not the intention that he would take over the family empire.

But when the older brother Marc committed suicide in 1971, Peter Wallenberg sphere Crown Prince and took over the main responsibility when his father died 1982nd

Many doubted

In the beginning there were many who doubted that he would be able to shoulder the responsibility for his father, the legend Marcus Wallenberg. Unlike the other Wallenberg were “Pirre” for example, banking trained.

But something has to be Peter Wallenberg have made the right: In ten years rose Investor’s market capitalization amazing 1966 percent – almost twice as much as the market index.

Under his leadership conducted a series of international big business in the sphere. Among other things, formed industrial giant ABB, forestry group Stora Enso and the multinational pharmaceutical company AstraZeneca.

Wallenberg sphere Control Today about one-third of Swedish industry.

The leaves and the King celebrates

Prime Minister Stefan Löfven (S) commented Peter Wallenberg’s death in a written statement:

“Peter Wallenberg has for decades played a big role in Swedish business, and he has modernized and developed the Wallenberg sphere. I have had a great respect for his willingness to talk and interaction. Through his work with the Wallenberg foundations, he has also made major contributions to Swedish research and innovation, which will be the basis for Swedish competitiveness in the years to come. “

Even the king said Peter Wallenberg importance for Sweden.

“Peter Wallenberg has meant a lot to Swedish industry. He was also deeply involved in the Knut and Alice Wallenberg Foundation, which contributed to scientific development in Sweden. For the royal family, Peter was a close and loyal friend and leaves us with great missing, “said King Carl XVI Gustaf in a written statement.

Backstage

Peter Wallenberg belonged to the fourth generation of the family of financiers. His first name was pronounced with English pronunciation, “Piter” because the mother Dorothy came originally from Scotland.

Peter Wallenberg gave Investor’s management in 1997, but is said to have appeared in scenes right through to the final.

As recently as last week, he left his last formal assignments, as chairman of the Knut and Alice Wallenberg Foundation, the son Peter “Poker” Wallenberg. His second son, Jacob Wallenberg, chairman of Investor.

Peter Wallenberg was 88 years old.