Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Sweden
  4. Nasdaq Stockholm
  5. Kinnevik AB
  6. News
  7. Summary
    KINV B   SE0015810247

KINNEVIK AB

(KINV B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Kinnevik : Statement from the Nomination Committee on the proposed new Board

03/19/2021 | 02:45am EST

Kinnevik AB (publ) ("Kinnevik”) today announced that its Nomination Committee proposes the election of James Anderson as new Chairman of the Board and Harald Mix as new Director of the Board at the Annual General Meeting in April 2021. The Committee further proposes the re-election of Susanna Campbell, Brian McBride, Charlotte Strömberg and Cecilia Qvist as Directors of the Board. Dame Amelia Fawcett, Henrik Poulsen and Wilhelm Klingspor will not stand for re-election.

Anders Oscarsson, Chairman of the Nomination Committee, said: 

” Last year, my colleagues and I set out to reshape the Board of Kinnevik, primarily focusing on recruiting individuals who represent innovative and global investment excellence. The timing has been fortuitous for us as shareholders. This morning it was announced that James Anderson will be leaving Baillie Gifford next April 2022 after what will have been an extraordinarily successful 39year career with the firm. In parallel, we are proud that James has accepted to stand as Chairman of Kinnevik already this year while he makes his transition.”

Reflecting on James’s long-term partnership with Kinnevik over the last 7 years, Cristina Stenbeck added:

” During our time serving together on the Nomination Committee since 2014, we have come to know James as the thoughtful individual responsible for building a sizeable ownership stake in Kinnevik. Today the Baillie Gifford clients own more than 27m shares and it is our understanding from our discussions with James during the recruitment process that it will be with the same bold and unwavering conviction that he and his team allocated capital into Kinnevik that he will soon lead the Board’s strategic and oversight work.”

Remarking on Kinnevik James Anderson said:

 ” I feel very fortunate to be nominated as the potential Chair of Kinnevik. I have long admired the company as a great exemplar of a patient, committed and quintessentially Swedish investment style. Kinnevik’s leadership has already made great strides towards embracing the abundant growth investments available given the repute it rightly enjoys and the permanent capital it can provide.”

Commenting on the nomination of Harald Mix to the Kinnevik Board, Anders Oscarsson added:

 ” I am equally delighted that Harald has accepted to join the Board at a time when his entrepreneurial approach to building the private equity group he founded, and his remarkable experience of creating sustainable and forward-looking companies operating at European scale are crucial dimensions to Kinnevik’s future.

Harald Mix said:

” I am honored to be nominated as a potential board member of Kinnevik. I believe the company has a unique position among Swedish investment companies based on its strong corporate culture, entrepreneurial DNA and committed long term owners.”

Anders concluded by saying:  

” We are grateful to Dame Amelia Fawcett, Henrik Poulsen and Wilhelm Klingspor for their invaluable contributions to all levels of the company over many years. In the case of Wilhelm Klingspor, I and my fellow Committee members want to extend our special thanks for his long-standing engagement with Kinnevik and its associated companies over more than 30 years as founding family member and Director.”

For more information on our new proposed board members, see Kinnevik.com.

For further information, visit www.kinnevik.com or contact:

Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Email press@kinnevik.com

Kinnevik is an industry focused investment company with an entrepreneurial spirit. Our purpose is to make people’s lives better by providing more and better choice. In partnership with talented founders and management teams we build challenger businesses that use disruptive technology to address material, everyday consumer needs. As active owners, we believe in delivering both shareholder and social value by building long-term sustainable businesses that contribute positively to society. We invest in Europe, with a focus on the Nordics, the US, and selectively in other markets. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.

Attachment

  • Pressrelease

© OMX, source GlobeNewswire - EU Press Releases

All news about KINNEVIK AB
02:00aKinnevik Extends Management Team With Chief Strategy Officer Samuel Sjöström
AQ
12/01Kinnevik Invests USD 115 Million in Jobandtalent, the World's Leading Digital Temp Staf..
AQ
12/01Jobs and Talent S.L. announced that it has received ?506.2162 million in funding from a..
CI
11/30Increased Number of Shares and Votes in Kinnevik
AQ
11/16Kinnevik has issued SEK 2.0 billion in new sustainability-linked bonds
AQ
11/12Tele2 Nomination Committee Convened
AQ
11/02Kinnevik Publishes Sustainability Linked Financing Framework and Announces Intention to..
AQ
11/01KINNEVIK : Issue and Repurchase of Incentive Shares in Classes C 2021 and D 2021
AQ
10/28Luthman Backlund Foods Ab announced that it has received $100 million in funding from G..
CI
10/22KINNEVIK : Investee Babylon Starts Trading in New York
MT
More news
Analyst Recommendations on KINNEVIK AB
More recommendations
Financials
Sales 2021 1 502 M 164 M 164 M
Net income 2021 15 329 M 1 673 M 1 673 M
Net cash 2021 1 829 M 200 M 200 M
P/E ratio 2021 5,60x
Yield 2021 1,59%
Capitalization 86 983 M 9 502 M 9 491 M
EV / Sales 2021 56,7x
EV / Sales 2022 70,0x
Nbr of Employees 40
Free-Float 89,4%
Chart KINNEVIK AB
Duration : Period :
Kinnevik AB Technical Analysis Chart | KINV B | SE0015810247 | MarketScreener
Technical analysis trends KINNEVIK AB
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Last Close Price 309,35 SEK
Average target price 322,17 SEK
Spread / Average Target 4,14%
EPS Revisions
Managers and Directors
Georgi Martin Ganev Chief Executive Officer
Erika Johanna S÷derberg Johnson Chief Financial Officer
James Kennedy Anderson Chairman
Natalie Patricia Tydeman Senior Director-Investment
Lena Charlotte Str÷mberg Independent Director
Sector and Competitors
1st jan.Capi. (M$)
KINNEVIK AB57.40%9 502
INVESTOR AB (PUBL)48.49%71 936
CK HUTCHISON HOLDINGS LIMITED-7.67%24 582
GROUPE BRUXELLES LAMBERT SA16.09%16 182
HAL TRUST23.63%13 757
AB INDUSTRIVÄRDEN (PUBL)-1.24%12 689