Everything about Pehr G Gyllenhammar totally explained
Pehr Gustaf Gyllenhammar (born
April 28,
1935, in
Gothenburg) is a
Swedish businessman. He is mainly known for his 14 years as
CEO and
chairman of
Volvo, between 1970 and 1994. He is currently the chairman of
investment company Kinnevik.
Career
Gyllenhammar graduated from
Lund University with a degree in
law in
1959. He replaced his father,
Pehr Gyllenhammar Sr., as CEO of
insurance company Skandia in
1970. After only a few months he moved to
Volvo where he became the CEO. Curiously enough, he replaced his
father-in-law, who became chairman, in that position.
Member of the International Advisory Committee of Chase Manhattan Bank 1972-1995.
At Volvo
Gyllenhammar became one of the most famous businessmen in Sweden at Volvo. He mixed success with failure. He oversaw a wide-reaching diversification of Volvo's business, buying, among other things
pharmaceutical company Pharmacia. What finally forced him to leave Volvo was a failed merger with
French company
Renault.
After Volvo
After Volvo, Gyllenhammar withdrew from Swedish public life and moved to
London where he eventually became chairman of
insurance company Aviva. He returned to Swedish business in 2004 as Chairman of
Investment AB Kinnevik.
Gyllenhammar is no longer a member of Investment AB Kinnevik's board.
He serves as a director of the
Reuters Founders Share Company since
1997 (now Chairman) and was awarded in 2003 an
honorary doctorate by
Gothenburg School of Economics and Commercial Law.
Political views
Gyllenhammar has in the past been an outspoken supporter of the
Liberal People's Party. In his 1973 book
I Believe in Sweden (
Jag tror på Sverige) he was steadfast in his support for the
Scandinavian model and argued for the kind
social liberalism the Liberal People's Party used to support. Gyllenhammar served on the Party board and was widely considered as a future leader of the party. At times, he revealed an ambition to become
Prime Minister of Sweden.
Personal information
Gyllenhammar is married to Christina Gyllenhammar (born Engellau in
1936). They live in London and have three daughters and one son: Cecilia, Charlotte, Sophie, and Oscar.
- Cecilia von Krusenstjerna, his oldest daughter who grew up as the "Princess of Göteborg", has written a novel about the childhood of an upper class girl, the daughter of a business man in Göteborg, marked by eating disorder and self-disgust. The novel is strongly critical towards Cecilia's upper class background and, she admits, contains critic of both her parents but also purely fictional elements. In the novel, the father is described as constantly unfaithful and the mother as failing to love her daughter. Cecilia refuses to give any detail of what is purely fiction in the novel, but claims both her parents have read it and supports her. Cecilia gave up a career as a journalist and has chosen not to make a career because of those of her parents.
- Charlotte Gyllenhammar, a younger daughter, is a well-established artist with numerous exhibitions, public art commissions, and representation at various museums in Sweden.
- Sophie Gyllenhammar Mattson worked as a consultant before embarking a successful career as a designer of gold and jewels and has established her own brand "Sophie by Sophie".
- Oscar Gyllenhammar was working for Icon Medialab before starting his own IT company Compost in 2000 and has since made a failed attempt to start an internet portal (autoo.se) "together with some friends".
Further Information
Get more info on 'Pehr G Gyllenhammar'.
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