Petningen of nyrén an inevitable end “- Swedish newspaper Svenska Dagbladet

On Monday morning confirmed Industrivärden to severely criticized Anders Nyrén is no longer relevant for the intended chairman of the company. In addition, he immediately kicked from the CEO position in the company and leave the boards of SCA and Handelsbanken. Fredrik Lundberg is proposed to take over as chairman of Industrivärden.

Peter Lundqvist of the Third AP Fund is delighted at the news.

– It is difficult to rebuild the trust Industrivärden by his power position has more or less have destroyed a number of portfolio companies, not just SCA. It has not been a successful principal owner of either Volvo or Sandvik. You could say that this is an inevitable end for this trip. Too bad that everything would take so long, he said.

Anders Nyren granted recent discharge of SCA’s Annual General Meeting. It is regretted now by Peter Lundqvist.

– In this case it was my personal opinion that it would not discharge the simple reason that Anders Nyren were using all available means to maintain themselves in power. Once he has done that we ought owner also used every means available to us bid by selecting not to grant discharge. Then he left immediately.

After the audits of the wordy internrepresenationen in SCA corporate culture has been questioned. But it turns Peter Lundqvist against.

– general is not the problem of SCA. The company has thousands of employees and I would say that most of them have a really excellent ethics and morality. There are a small number of senior executives who have gone thoroughly into the ditch in this case.

Fourth Swedish National Pension Fund Mats Andersson, CEO supports the development.

– It is welcome news that Fredrik Lundberg is prepared to take over as Chairman of Industrivärden. There is a proposal that we will support the general meeting, he told SvD Business, and continues:

– It is important that an industrial owner which Industrivärden has a top management who receive international confidence. This opens the possibility that we as institutional investors can create a dialogue with a partner who shares our vision of the need for long-term good governance.

Ossian Ekdahl Head of Communications and corporate governance at the First National Pension Fund, shares the view of the news.

– This means changes in the Company’s board, Fredrik Lundberg will take over if the meeting voted for it. We welcome this, he says to SvD Business.

Along with other Funds AMF, Swedbank Robur and Fourth Swedish National Pension Fund held recently came under heavy criticism during SCA’s Annual General Meeting.

– We also criticized things last year, for example, Handelsbanken’s meeting. So it is not surprising that they finally listened to the criticism that we have had, says Ekdahl.

He notes that First National Pension Fund does not own shares in Industrivärden, but however, in some of the companies in which it is the principal owner.

– We think this is a good opportunity for us to cooperate with the main owner of a better way forward than we have been able to do before.