Svanberg seen as favourite to take over the Volvo dynastyFriday, 14 October 2011
BP chairman Carl-Henric Svanberg is a hot name for the Chair of the Board of AB Volvo, according to reports from various Swedish media sources.
Particularly, the Swedish newspaper Svenska Dagbladet reports that, during the fall, many listed companies have started designing and restructuring the composition of their aboard membership. One of these companies is Volvo AB and it has choosen to look closely into calling in Carl-Henric Svanberg who is currently chairman of oil giant BP to chair the company.
AdvertisementHe is seen suited to succeed Frenchman, Louis Schweitzer, the current chairman of AB Volvo.
The chairman of Swedish investment house, Investor, Jacob Wallenberg is expected to leave some of his many directorships and according to the paper, it is likely that he will leave airliner SAS, which can do without his services.
Other companies that would see changes include Industrivärden who’s Chairman, Sverker Martin-Löf, is expected to hand over the leadership of Skanska as Vice Chairman Stuart Graham.
Last year saw 37 chairmen replaced on 231 boards on the stock exchange listed companies, according to the paper Svenska Dagbladet.
By Scancomark.se Team
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