BP

"Today I feel we have made good progress in all the areas above. Sport has settled, and we can see good progress in the America’s Cup and Football. Cycling and Formula One are both run by the world’s best pros, and we don’t presume to be able to offer a great deal of advice – well, maybe just occasionally when Toto or Dave get their tyre choices muddled (). Oil & Gas has seen the arrival of two very senior pros from BP and has been transformed. Belstaff will show its first profit for a decade or more, and it recorded its highest ever sales level in 2022. And Auto have finally sold a car! I have fallen in love with the Grenadier, which always brings a smile to my face when I open the garage door and the unused G-Wagen keys gather dust on the garage hook."

"The founder is in his 70s, and the eldest daughter, Sofia Schörling Högberg, has not yet turned forty. The process has been ongoing for a few years, but it was brought to the forefront in October 2016 when Melker Schörling unexpectedly announced he would be ending all his assignments as chairman in conjunction with the general meetings. He has been affected by gradually deteriorating health. Carl-Henric Svanberg was elected in May 2017 as a new board member of MSAB. Schörling and Svanberg have been colleagues and friends for a long time. Svanberg has previously served on the MSAB board and is also a shareholder in the investment company. Svanberg has extensive experience in Swedish industry, including as CEO of Assa Abloy and Ericsson, and as chairman of BP and AB Volvo. Mikael Ekdahl has been appointed chairman of Melker Schörling AB after many years as vice chairman. It cannot be easy to take over after a masterful investor who is called a magician in terms of creating growth and value. Melker Schörling remains on the board as a member."