Marcus Wallenberg, Chairman of SEB and Saab, has joined Ukrainian President Volodymyr Zelenskyy's international advisory council for economic reconstruction, according to reports from Dagens industri. The group brings together representatives from industry, finance, and international institutions.
Wallenberg described the appointment as "an easy decision," emphasizing that "Ukraine's reconstruction is not just a Ukrainian matter; it is a European matter."
The council focuses on issues related to Ukraine's economic renewal and investment, particularly within the energy and defense sectors. A report is expected in September.
Wallenberg further stated that the role is advisory in nature and is not linked to any commercial interests.
Mr. Marcus Wallenberg is Vice Chairman at Investor AB, Chairman at Saab AB, Chairman at Saab Systems Pty Ltd., Chairman at Skandinaviska Enskilda Banken AB, Chariman at Patricia Industries, Inc. and Vice Chairman & Treasurer at The Institute of International Finance, Inc. He is on the Board of Directors at Investor AB, Temasek Holdings (Pte) Ltd., AstraZeneca Plc, Patricia Industries AB, Knut och Alice Wallenbergs Stiftelse and The Institute of International Finance, Inc.
Prior to joining Patricia Industries, Mr. Wallenberg was employed as Chairman atLuossavaara-Kiirunavaara AB, a Managing Director at Investor AB (Investment Company), Chairman by Electrolux AB, Chairman by Skandinaviska Enskilda Banken AB, an Independent Director at Stora Enso Oyj, Deputy Chairman by LM Ericsson Telefon AB, Chairman by International Chamber of Commerce Sweden, and Vice Chairman by Telefonaktiebolaget LM Ericsson /Mobitex Wireless Data Div/. He also served on the board at Astra AB, Citibank NA, Cititrust Ltd. (Hong Kong), Deutsche Bank AG, EQT Holdings AB, S G Warburg Co. Ltd., SCANIA AB, Stockholm Holdings Ltd. and Stora Feldmühle.
Mr. Wallenberg received his undergraduate degree from Royal Swedish Marine Academy.
SAAB AB is a world leader in the design, manufacturing and marketing of defense and security systems and equipment for military, space and civil sectors. Net sales break down by family of products and services as follows:
- electronic defense systems (33.4%): radars, sensors, submarine and terrestrial airborne surveillance systems;
- armament equipment and systems (25.6%): military equipment, missile systems, weapon systems, ammunition, armed forces identification systems, camouflage systems, etc. The group also provides security and defense solutions (combat systems, training, simulation, security and communication solutions, air and sea traffic management systems, etc.);
- aeronautical systems (24%): military aircraft, combat aircraft, avionics, etc.;
- naval systems (11.8%): submarines, combat ships, underwater mine detection systems, etc.;
- support services (4.2%): provision of services in the areas of systems development, integration and security, information security, communications, technical information, logistics, etc., and technological consulting in the fields of aviation, defense, telecommunications, etc.;
- other (1.1%).
Net sales are distributed geographically as follows: Sweden (41.1%), Europe (25.8%), North America (8.9%), Asia (7.4%), Latin America (4.3%), Australia (3.8%), Africa (0.6%), and other (8.1%).
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