Börje Ekholm
 Börje Ekholm      (businessman, deep state functionary?) | |||||||||||||||||||
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| Born | 1963 | ||||||||||||||||||
| Nationality | Swedish, US | ||||||||||||||||||
| Alma mater | KTH Royal Institute of Technology, INSEAD | ||||||||||||||||||
| Member of | European Round Table of Industrialists, Wallenberg Sphere | ||||||||||||||||||
Wallenberg Sphere businessman, succeeded fellow Bilderberger Marcus Wallenberg as CEO of Investor AB. Then CEO of Ericsson.
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Erik Börje Ekholm is a Swedish-American business leader and from 2017 CEO of the telecom company Ericsson. Before that he was CEO of Investor AB, the holding company of the Wallenberg family who owns 40% of the Swedish economy.
Contents
Early Life
Ekholm grew up in Edsbruk and studied at Västerviks gymnasium. He has a master's degree in engineering from KTH in Stockholm and an MBA from INSEAD. Investor
Börje Ekholm has been employed by the Wallenberg family's Investor AB since 1992. In 2000, he became Deputy CEO with responsibility for the New Investments business area. From 1997 to 2005, he was Head of Investor Growth Capital, IGC. From September 2005 to May 2015 he was CEO of [Investor AB]], an influential position.[1][2][3] At the 2015 Annual General Meeting, Ekholm was succeeded by Johan Forssell as President and CEO. He then took over responsibility for Patricia Industries, which includes Investor's unlisted holdings, based in New York.
Bonuses and dubious deals
Since his time as head of IGC, Ekholm has participated in a so-called parallel investment program linked to IGC. The return for IGC has been of such a nature that in January 2011 it was determined that Ekholm's bonus would amount to approximately SEK 110 million. The size led to criticism in the press after it emerged that the set goals had not been achieved. Ekholm then referred to common industry practice.[4][5]
In November 2009, Ekholm, as CEO of Investor, took the initiative to sell the pharmaceutical company Swedish Orphan, a company in which Investor via IGC has been a major player since 2004. The buyer was another pharmaceutical company, Biovitrum. Investor was also larger in this company and Ekholm owned private shares in the acquired company. Ekholm's capital gain amounted to SEK 21.7 million and this was called a bonus from the above-mentioned investment program when it was paid out in December 2010. The transaction was completed without the board and shareholders of the acquiring company, Biovitrum, being informed that Ekholm owned shares in the acquired company.[6]
In July 2010, Ekholm initiated a similar deal when Investor bought the healthcare company Aleris from the fund EQT III, in which, in addition to Ekholm, Jacob Wallenberg is also a private partner. Investor's shareholders were informed only afterwards about this matter.[7]
Ericsson
Ekholm took over as a board member of Ericsson in 2006. [8]
On January 16, 2017, he took over as President and CEO of Ericsson.[9]
Other engagements
He sits on the boards of Alibaba, Nasdaq, Inc., Trimble (company), and the Royal Institute of Technology.
Events Participated in
| Event | Start | End | Location(s) | Description |
|---|---|---|---|---|
| Bilderberg/2013 | 6 June 2013 | 9 June 2013 | Watford UK | The 2013 Bilderberg group meeting. |
| WEF/Annual Meeting/2019 | 22 January 2019 | 25 January 2019 | World Economic Forum Switzerland | |
| WEF/Annual Meeting/2020 | 21 January 2020 | 24 January 2020 | Switzerland | This mega-summit of the world's ruling class and their political and media appendages happens every year, but 2020 was special, as the continuous corporate media coverage of COVID-19 started more or less from one day to the next on 20/21 January 2020, coinciding with the start of the meeting. |
| WEF/Annual Meeting/2023 | 16 January 2023 | 20 January 2023 | World Economic Forum Switzerland | The theme of the meeting was "Cooperation in a Fragmented World" |
References
- ↑ https://web.archive.org/web/20100218202117/http://www.investorab.com/sv/OmInvestor/Organisation/Ledning/LedningsgruppensMedlemmar/BEE.htm
- ↑ http://www.dn.se/ekonomi/borje-ekholm-ny-vd-for-investor-1.366509
- ↑ http://www.svd.se/naringsliv/tva-stjarnor-pa-varsin-del-i-investor_4559114.svd
- ↑ https://archive.is/20120525000328/http://svt.se/2.22620/1.2301848/nadde_inte_malet-_fick_110_miljoner
- ↑ http://www.svd.se/naringsliv/i-paritet-med-marknaden_5890057.svd
- ↑ http://www.svd.se/naringsliv/nyheter/artikel_5886827.svd
- ↑ http://www.svd.se/naringsliv/nyheter/artikel_5886827.svd
- ↑ https://www.ericsson.com/thecompany/corporate_governance/board_of_directors/members_of_the_board
- ↑ http://hugin.info/1061/R/2051528/767607.pdf
