MSAB

"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."

"Melker Schörling has fundamentally worked in the same way in MSAB as he did at the beginning of his career as CEO and major owner of Securitas and owner of Assa Abloy. Through his own company, he has invested in Swedish-owned quality companies that have had the potential to develop and grow internationally. He wants to have significant influence in the companies in which he invests. When the company grows and makes money with global risk distribution, it is not only good for the company but also for the owner. If value is created in the company, it also creates value for the shareholders. And capital in the form of dividends."

"According to the business description, Schörling’s investment company is to distribute at least half of the dividends that the investment company receives from its core holdings. Thereafter, the owners, who mostly comprise Melker Schörling and family, receive dividends from MSAB."