Kinnevik’s major shareholder Cristina Stenbeck, 39, resigns as chairman. “Now when I turn 40 soon so I stopped and looked at my role in the company and analyzed how I can contribute best to take the group forward,” said Cristina Stenbeck.
Di hits Christina Stenbeck in Kinnevik’s premises in Stockholm’s Old Town. She just announced that she is resigning as chairman of Kinnevik and Millicom.
The next phase of her role as a major shareholder in Kinnevik Group and the sphere face begins after the general meeting this spring. 10 years as president is enough for this time. Instead, Cristina Stenbeck to use their time to find the way forward for the future of the Kinnevik.
“This has been a process for me as the principal shareholder and in recent years there has been a lot of board work, partly because of my three presidencies of which the last ten years as Chairman of Kinnevik “, says Cristina Stenbeck and adds:
“I am incredibly happy that the board supports me in this decision and that the other major owner families said OK for me to contribute to the Kinnevik group’s various management in a new way forward.”
Read more: Stenbeck leaves the presidency of Kinnevik
Kinnevik has for ten years been transformed from a company with significant holdings in the forest, telecom and media to be heavily weighted in e-commerce.
I need time to travel and understand new markets such as India.
the new sectors that Cristina Stenbeck and Kinnevik’s eyes are on now is health, education and Fintech. After these sectors need Kinnevik find more. In this work becomes Cristina Stenbeck more involved when she leaves the chairmanship of Kinnevik and Millicom.
“In the case of Zalando recent years, we spent a lot of time with which we are looking at digitization and the future of the retail sector. Now I want to do the same with the next wave of investment in Kinnevik “, says Cristina Stenbeck.
Read more: Cristina Stenbeck release the club in Stocks
which latitude are what you need and not have had as president?
“I need time to travel and understand new markets such as India and other markets. To read and understand new markets takes time. We have a leadership within the Kinnevik, which in recent years systematically looked at new investments in new areas, and now it is time for the Board to engage in, we were using the capital we got when we sold Avito “said Cristina Stenbeck and adds:
“We have as 8 billion Swedish kronor for Kinnevik to use in different ways.”
is the decision to quit as chairman forever, or is it possible that you will return in that role in the future?
“OK, that’s one day after we announced this. But here he is, I say, I stay on the board and I think a lot of the Swedish model that the major shareholder on the board. I will be active there. I think I’ve been wearing all hats as you can possibly have. I have been a deputy, deputy chairman, ordinary member. So here’s a bit of evolution of an owner, “said Cristina Stenbeck and adds:
” I think it is important for many of our owners that I will continue as chairman of Kinnevik’s Nomination Committee, that I am on the board and on the general meetings. “
Read more: Comment: Therefore leaving Cristina Stenbeck spotlight
In Millicom, it’s pretty big changes by the Board. Four new members, why?
“We have focused on getting people with experience in Latin America, mobile experience and it was nominating committee has thought needed the most in the company. “
So the politician in Millicom’s board Anders Borg did not need more?
“he will continue as vice chairman of Kinnevik, but it was important that he learned one of our greatest assets , especially considering that it is in a growth market. Anders Borg is one of the best in emerging markets I’ve ever worked with, and therefore it was important that he learned logic around the mobile convergence. That he may bring to the Kinnevik Board now. “
So it was a lärdomsår Anders Borg on Millicom?
“Yes, that was it. But he will be working with me very much in areas such as financial services. “
You moved to Sweden quite recently . How did the first time residents in Sweden have been?
“It has been good. And one thing that defines the feeling is that my children are happy here. There have been good here and it’s very good. “
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