Private equity group EQT AB said Jacob Wallenberg Jr, born 1992, was being proposed as a new board member. The family’s investment vehicle Investor AB separately announced that Fred Wallenberg ...

The concept is straightforward: The Wallenberg companies generate profits, which flow into the foundations and fund cutting-edge research in medicine, technology and the natural sciences.

Mr. Wallenberg has been Non-Executive Chairman of the Board of Investor AB since 2005. Founded by the Wallenberg family in 1916, Investor AB holds long-term positions in global companies.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Wallenberg family of industrialists has stepped up its succession planning, placing the first members ...

The concept is straightforward: The Wallenberg companies generate profits, which flow into the foundations and fund cutting-edge research in medicine, technology and the natural sciences.