Kinnevik: Cristina Stenbeck appointed Executive Chairman of Kinnevik
| Source:Kinnevik, Investment AB
Investment AB Kinnevik (publ) ("Kinnevik") today announced that its Chairman,
Cristina Stenbeck, will assume the role of Executive Chairman and that Board
member Dame Amelia Fawcett DBE will assume the role of Deputy Chairman.
In order to best capitalize on Kinnevik's growth opportunities and support the
development of its investee companies across multiple continents, the Board of
Directors of Kinnevik has appointed its Chairman, Cristina Stenbeck, to take on
the role of Executive Chairman. Cristina Stenbeck's role will include leadership
of key strategic initiatives, and the establishment and management of
The Board of Directors has also appointed Dame Amelia Fawcett to become Deputy
Chairman of Kinnevik. In her new capacity, Dame Amelia will contribute to the
entrepreneurial leadership of the Company while ensuring that the highest
standards of corporate governance are maintained.
Cristina Stenbeck commented: "As Executive Chairman, I will focus on further
developing our companies in our core markets and new geographies. I will
continue to seek new investment opportunities both directly and through key
partnerships. I look forward to working more closely with Dame Amelia, the Board
and our management team to build our group into the leading global family-led,
growth markets-focused investment company."
Dame Amelia commented: "Since joining the Kinnevik Board in 2011, I have been
impressed by Cristina's vision, energy and drive, and so it is a great privilege
to become Deputy Chairman of this very special company, which has more than 75
years of entrepreneurship under the same group of family owners. I look forward
to working more closely with Cristina in her new role as Executive Chairman and
helping her and the Board to drive further growth."
The information is of such character, which Kinnevik shall disclose in
accordance with the law on Trading with Financial Instruments (1991:980) and/or
the Securities Market Act (2007:528). The information was distributed for
disclosure at 8.00 a.m. on 23 October 2013.
For further information, visit www.kinnevik.se or contact:
Cristina Stenbeck, Chairman of the Board +46 (8) 562 000 00
Torun Litzén, Director Investor Relations +46 (0)70 762 00 83
Investment AB Kinnevik was founded in 1936 and thus embodies more than 75 years
of entrepreneurship under the same group of principal owners. Kinnevik's
objective is to increase shareholder value, primarily through net asset value
growth. The company's holdings of growth companies are focused around the
following business sectors; Telecom & Financial services, Online, Media and
Industry and other investments. Kinnevik has a long history of investing in
emerging markets which has resulted in a considerable exposure to consumer
sectors in these markets. Kinnevik plays an active role on the Boards of its
The Kinnevik's class A and class B shares are admitted to trading on the NASDAQ
OMX Stockholm's list for large cap companies, within the financial and real
estate sector. The ticker codes are KINV A and KINV B.
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