January 19, 2015 in News
Peter Wallenberg 1926 – 2015. Photo courtesy dagensPS
I was walking by Grand Hotel in Stockholm today and noticed the absence of international nation flags and just a Swedish flag on half pole. Then I noticed one of the banks near King’s Garden (Kungsträdgården) flying their Swedish flag in the same way. A quick glance on the iPhone gave the answer that Peter “Pirre” Wallenberg had passed away a few hours earlier.
Peter was the elder in the Wallenberg family. He started his career at Atlas Copco in 1953 and was not given any of the “heavy” positions within the Wallenberg family Sphere. His brother Marc was favored by the father Marcus “Dodde” Wallenberg Jr. Peters career started to peak after the death of the father in 1982.
In the ´80ies Peter consolidated some earlier business with Volvo by selling SAAB stocks to General Motors and Alfa Laval stocks to the Rausing family. he served as the chairman for Investor and made it more international forming ABB out of ASEA AB and the Swiss company Brown Boveri. Strains and AstraZeneca was also formed under Peters stewardship. ABB CEO Percy Barnevik was by Peter given a record pension plan that was highly criticized.
Peter Wallenberg was involved in Stockholm School of Economics (Handelshögskolan) and the Foundation of Knut and Alice Wallenbergs. The saving of the SAAB Car Museum was partly made possible by that foundation and his son Peter “Poker” Wallenberg jr.
Peter was given the title Honorary Doctor at Stockholms University in 2008 and also given the Serafimiermedallion in 2000. The medallion has been given to persons who has” Given humanitarian or societal benefits in line of work at an exceptional level” since 1748. The swedish king decides who can get the medallion. The text on the medallion says “Proceres cum principe nectar” (It unites the best (People) with the Prince (Machiavelli)).
Condolences to the Wallenberg family is hereby conveyed from SaabsUnited Crew and our readers
The only picture I could find with Peter and a SAAB. This one a 9000 CDE Griffin, Photo courtesy SvD
Peter Wallenberg at a ceremony (Note songwriter Benny Andersson once in Pop Group ABBA behind Peter) Photo courtesy SvD