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New Generation of Wallenbergs Takes Position

Fred Wallenberg has been proposed as a member of the board of Investors, the power company of the Wallenberg sphere. At the same time, the sphere's venture capital company is getting Jacob Wallenberg jr on the board, writes Wallenberg Investments AB in a press release. A number of other people from what is called "the sixth generation" in the family are also getting prominent roles in several places.

» Published: March 10 2025 at 08:58

New Generation of Wallenbergs Takes Position
Photo: Jessica Gow TT

"The sixth generation consists of around 30 individuals, and most of them have expressed a desire to contribute to the family's work in some form", writes Wallenberg Investments.

In 2025, the following changes are proposed in the sphere, in addition to the additions in Investor and EQT: Stéphanie Gandet is proposed as a board member of the Knut and Alice Wallenberg Foundation, Siri Sachs is proposed as a board member of Wallenberg Investments AB, Tessa Pilkington is proposed as a board member of Nineteen Private Capital AB, and Elsa Wallenberg Esser will start working at the Wallenberg Foundations.

Furthermore, around ten other members of the sixth generation have been involved in activities related to the family as adjunct members of both company and foundation boards, according to Wallenberg Investments.

"We are grateful that many from the sixth generation want to engage in activities related to the family – within both business, the foundations, and family work", write Jacob, Marcus, and Peter Wallenberg – the cousins who have led the sphere for a while – in a joint comment.

"We are delighted that their commitment to these activities continues to grow, as well as in the work of developing our network and value base", they add.

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By TTThis article has been altered and translated by Sweden Herald

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