Carl-Henric Svanberg (born 29 May 1952)[1] is a Swedish businessman and current Chairman of Volvo.[2] He was Chairman of BP for eight years, from 2010 to 2018.[3] In December 2023, Svanberg was appointed the Commission Chair to the AI Commission to the Swedish Government[4]
Carl-Henric Svanberg | |
|---|---|
 | |
| Born | 29 May 1952 Porjus, Sweden |
| Occupation | Chairman of Volvo |
| 12th Chairman of British Petroleum | |
| In office 2010–2018 | |
| Preceded by | Peter Sutherland |
| Succeeded by | Helge Lund |
Life and career
editSvanberg holds a master's degree in applied physics from the Linköping Institute of Technology and a bachelor's degree in business administration from Uppsala University. Svanberg holds honorary doctorates from Luleå University of Technology and Linköping University.
Svanberg served as CEO of telecom company Ericsson from 8 April 2003 to 31 December 2009. Following his resignation, he remained on the board of Ericsson and holds 3,234,441 shares in the company.[5][6]
Before joining Ericsson, he led another Swedish industrial company - Assa Abloy. Svanberg serves on other boards, including:
Svanberg joined the BP board as chairman-designate on 1 September 2009, and succeeded Peter Sutherland as chairman on 1 January 2010.[7]
Svanberg was named the ordförande (chair) of the Sweden's newly formed AI-kommissionen (AI Commission) in December of 2023 [8] with the task to deliver a report to the nation by mid-2025. In May of 2024, Svanberg announced that his team was bringing the report forward to "mid-autumn 2024, instead of 1 July 2025" to help the nation prepare more rapidly.[9]
He and his wife Agneta, an associate professor at Uppsala University, filed for divorce on 17 September 2009. They were married for 26 years and have three children together. Svanberg is a dedicated fan of Djurgårdens IF and serves on the board of Djurgårdens IF Hockey. He is a former ice hockey player himself, having played for IF Björklöven in Umeå during his youth.
Svanberg has received the Lifetime Achievement Award, given out by the security trade magazine Detektor, for his work in Assa Abloy and Securitas,[10] other notable recipients of the award have included Thomas Breglund former CEO of Securitas.
Deepwater Horizon oil spill
editOn 16 June 2010, Svanberg met with US President Barack Obama to discuss BP's responsibility for the effects of the Deepwater Horizon oil spill. He caused a PR uproar by afterwards expressing BP's concern for the common people along the Gulf Coast of the United States whose livelihood is threatened by the oil spill by saying "we care about the small people", drawing upon the Swedish vi bryr oss om de små människorna.[11] The correct translation of the Swedish phrase would have been "little people".[12] Svanberg subsequently apologized for the term, saying that he had "spoken clumsily".[13]
References
edit- ^ "Svanberg: "Man är den sista utposten"" [Svanberg: "You are the last outpost"]. Dagens industri (in Swedish). 1 December 2022.
- ^ Jan Malmgren. Svanberg new chairman of Volvo. Svenska Dagbladet (Swedish), 6 December 2011.
- ^ Kent, Sarah (19 October 2017). "BP Chairman Carl-Henric Svanberg to Retire". The Wall Street Journal. Retrieved 19 July 2019.
- ^ "AI-Kommissionen har haft sitt första möte och där utsett en högnivåexpertgrupp" [The AI Commission has held its first meeting and appointed a high-level expert group] (PDF) (in Swedish).
- ^ "Hans Vestberg appointed President and CEO of Ericsson as of January 1, 2010". www.ericsson.com. 25 June 2009. Archived from the original on 11 April 2010.
- ^ "Ericsson - Board of directors". Archived from the original on 20 August 2010. Retrieved 6 June 2010.
- ^ "BP Selects New Chairman to Succeed Peter Sutherland" (Press release). BP. 25 June 2009. Archived from the original on 4 July 2013. Retrieved 17 June 2010.
- ^ "Swedish Government establishes new AI commission" (Press release). 14 December 2023. Retrieved 17 May 2024.
- ^ "Sweden's future is now being decided [original: Nu avgörs Sveriges framtid]". 16 May 2024. Retrieved 17 May 2024.
- ^ "Carl-Henric Svanberg fick Detektors hederspris". securityworldhotel.com (in Swedish).
- ^ "Svenskar överskattar sin engelska", SVT, 17 June 2010
- ^ BP Puts Foot in Mouth Again With "Small People" Comment; Gets it Out by Cutting Shareholder Dividends, The Village Voice, 16 June 2010
- ^ Ann Gerhart. BP boss 'sorry' about 'small people' remark, NBC, 17 June 2010.
External links
edit- Tricia Bisoux, "Making Connections: Carl-Henric Svanberg, CEO of telecom giant Ericsson, takes on big problems by offering sweeping solutions" (profile of and interview with Carl-Henric Svanberg), BizEd (Association to Advance Collegiate Schools of Business International), January/February 2009, pp. 16–20, 22.