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...ABB itself has been targeted in recent years by Investor AB and Cevian. The group hopes to reignite investor interest by focusing on electrification....
...Rollen, previously a divisional head at Swedish industrial group Sandvik, was brought in by billionaire Melker Schorling in 2000 — who is still Hexagon’s main shareholder — to try to turn round the struggling...
...Johan Forssell, chief executive of Investor AB, the investment vehicle of the Wallenberg family, which owns 12.1 per cent of the company, told the FT he was “fully supportive of ABB’s new strategic direction...
...The future chief executive of ABB, the chairman of Electrolux, chief and chair of door-and lockmaker Assa Abloy, and the chief executive of Sandvik all hail from Atlas Copco....
...ABB’s largest shareholder, Sweden’s Investor AB, welcomed the appointment....
...Epiroc, which competes with groups such as Swedish rival Sandvik and Komatsu of Japan, is aiming to use digitalisation to connect its fleet together, allowing mine operators efficiently to position their...
...Atlas is known in Sweden as a finishing school for industrialists with many of the country’s leading chief executives drawn from its ranks such as Bjorn Rosengren at Sandvik and Johan Molin at Assa Abloy...
...As a result of public consternation, about a dozen changes to chairmen and chief executives were made in companies ranging from Industrivarden itself to papermaker SCA and mining equipment manufacturer Sandvik...
...Kingfisher was down 3.2 per cent to 326.4p, Next lost 1.2 per cent to £42.72 and Primark owner AB Foods eased 2.2 per cent to £28.15....
...He praises both Handelsbanken and Skanska for their decentralised organisations, adding that Volvo, Sandvik and Ericsson could all benefit from such arrangements....
...The radical move is the latest in a series of changes in Swedish industry, following a split at SCA and chief executive changes at Volvo Group, Scania and Atlas’s domestic rival Sandvik....
...cross-shareholdings that have defined Sweden’s second-biggest business empire — built around Industrivärden, a holding company which owns stakes in companies from Handelsbanken and Volvo to Ericsson and Sandvik...
...Mr Eliasson is leaving to become chief financial officer at another Swedish company – Sandvik, the world’s largest maker of cutting tools....
...He is leaving to become chief financial officer at another Swedish company , Sandvik, the world’s largest maker of cutting tools....
...of Sandvik to be more efficient....
...sheet — it will look at smaller, less well-known businesses to go alongside its current holdings of eight Swedish heavyweights including retailer Ica, construction group Skanska, and engineering company Sandvik...
...Industrivärden has controlling stakes in a number of Swedish heavyweight companies including Handelsbanken, Volvo, Ericsson, SCA and Sandvik....
...But Mr Rosen retorts that the performance at companies such as Volvo, Sandvik and SCA has been poor for a long time....
...Mining company Sandvik has a new chief executive and chairman, Volvo a new CEO, and then there is Ms Stjernholm herself....
...Industrivärden, the owner of controlling stakes in companies including Volvo, Ericsson and Sandvik, and Handelsbanken, Sweden’s biggest bank and an Industrivärden holding, will both get new chairmen and...
...Mr Nyrén will also quit the boards of Handelsbanken, SCA and Sandvik....
...much-vaunted model of active ownership as it exposed governance issues at Industrivärden, one of the country’s biggest shareholders with controlling stakes in groups from Volvo and Ericsson to Handelsbanken and Sandvik...
..., dominated by Swedes, with a heavy bias towards just three sectors: financials (mainly Swedish banks, which had their big crisis back in the 1990s), industrials (like engineering giants Atlas Copco or Sandvik...
...It is much envied by its Nordic neighbours for the strength and depth of its old industrial companies, such as Atlas Copco, Sandvik, SKF, Volvo and Electrolux....
...Mr Ekholm stressed that nearly all of Sweden’s large industrial groups – many world leaders such as Atlas Copco and Sandvik in mining equipment and SKF in ball bearings – had been financed over time through...
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