Peter Wallenberg

Peter "Pirre" Wallenberg Sr. (29 May 1926 – 19 January 2015) was a Swedish business leader who was chairman of Investor AB for ten years.

Early life and education Wallenberg was born in , Stockholm, Sweden, into the Wallenberg finance family. He was the son of banker Marcus Wallenberg Jr. and his Scottish wife Dorothy (née Mackay), the younger brother of Marc Wallenberg and the nephew of Jacob Wallenberg. He earned a Candidate of Law degree in 1949 from Stockholm College, now Stockholm University.

Career He began his career in 1953 at Atlas Copco. Wallenberg worked at its subsidiary in the United States from 1956 to 1959 and was CEO of its subsidiary in Rhodesia from 1959 to 1962 and in Congo from 1960 to 1962 and in England from 1962 to 1967. Only in 1982, after his father's death, did he become a prominent member of the Wallenberg clan. After his father's death, Peter Wallenberg bought out Volvo's shares in two family businesses and merged the three family investment firms, Investor AB, Providentia and Export Invest. He served as chairman of Investor AB for ten years, during which time he internationalised the firm and set in motion international mergers that created companies such as ABB, AstraZeneca and Stora Enso.

Wallenberg was in the mid-1980s a board member of Atlas Copco AB, AB SKF, Investor AB, Förvaltnings AB Providentia, Knut and Alice Wallenberg Foundation, AB Papyrus, Nymölla AB, Fastighets AB Stockholm-Saltsjön, Enskilda Securities in England and the International Chamber of Commerce – Budget Commission and Finance Committee. He was first vice chairman of Skandinaviska Enskilda Banken, vice chairman of ASEA, Broströms Rederi AB, AB Electrolux, Telefon AB LM Ericsson and Stora Kopparbers Bergslags AB. ), Dillon, Read & Co. in the United States, Per Jacobsson Foundation in the United States and the Swiss Bank Corporation Advisory Board in Switzerland. He was also board member of the Stockholm School of Economics Association, Dillon, Read & Co. in the United States, Per Jacobsson Foundation in the United States, Lauder Institute and the Swiss Bank Corporation Advisory Board in Switzerland. In his second marriage he was married 1966–1969 to Alice Pearce Rosier (1944–1970) and the third marriage 1971–1980 to the judge Anna-Maria Eek (born 1927). The funeral was held in Katarina Church in Stockholm on 4 February 2015. It was attended by the king Carl XVI Gustaf, Queen Silvia, Crown Princess Victoria, Prince Daniel, Prince Carl Philip, Stefan Löfven, Leif Johansson, Cristina Stenbeck, Pehr G. Gyllenhammar, Maud Olofsson, Karl-Petter Thorwaldsson, Annie Lööf, Hans Dalborg, Claes Dahlbäck, Helene Hellmark Knutsson, Magdalena Andersson, Mikael Damberg, Börje Ekholm, Anders Borg, Jan Carlzon, Fredrik Lundberg, Mona Sahlin, Carl-Henric Svanberg, Annika Falkengren, Leif Pagrotsky, Michael Treschow, Jan Björklund, Ulf Adelsohn, Lena Adelsohn Liljeroth, Pär Nuder, Hans Vestberg, Göran Hägglund, Fredrik Reinfeldt, Anna Kinberg Batra, Anders Wall, Carl Bennet, Hans Stråberg and others. During the afternoon there was a special reception at the Grand Hôtel.

Awards and decorations

Swedish

Order of St. Gregory the Great, Holy See (1991) Order of Leopold, Belgium (1989) Legion of Honour, France (1987) Order of the Three Stars, Latvia (2001)

Honours Wallenberg's honours: 1984 – Honorary Doctor of Economics, Stockholm School of Economics 1997 – Technology Honorary Doctorate, Royal Institute of Technology 2001 – Honorary Doctor of Philosophy, Uppsala University 2008 – Honorary Doctor of Laws, Stockholm University 2010 – Honorary doctor of Medicine, Karolinska Institute 1985 – Doctor of Humane Letters h.c., Augustana College, US 1989 – Doctor of Laws h.c., Upsala College, US 1990 – Doctor of Humane Letters h.c., Georgetown University, US 1996 – Doctor Honoris Causa, National Polytechnic Institute of Lorraine, France 1998 – Honorary Doctor of Laws, Gustavus Adolphus College, US 2009 – Doctor of Commerce h.c., Stellenbosch University, South Africa 2010 – Doctor of Humanities (D.H.) h.c., Villanova University, US

Footnotes