Paulsen takes over after Borg

The Dane Henrik Poulsen is taking over as deputy chair of the board in Kinnevik after former Finance Minister Anders Borg’s hasty exit. Henrik Poulsen is CEO of Dong Energy and is being pointed out as a future name within the Kinnevik sphere.

On Saturday Anders Borg left the investment company’s board after media attention concerning his behaviour at a party last weekend.

Dagens Industri (DI) also reports that Anders Borg is leaving another prestigious post – that of senior advisor at banker Citi. “We have come to this conclusion together. I believe it is the best for everybody in the current situation,” says Eirik Winter, CEO for Citi’s Nordic investment bank.

Several top names in firing line

Late on Thursday forestry company Holmen announced that the company’s chair and principle owner Fredrik Lundberg was under suspicion of bribery in connection with Holmen’s hunting trips. Early on Friday morning came the news that deputy chair of investment company Kinnevik and former Finance Minister, Anders Borg, was also under suspicion.

Hans Strandberg, Borg’s lawyer, says, “It concerns a hunting trip he took part in when he was no longer finance minister. However the prosecutor is linking the hunt to his duties as minister.” According to DI the National Anti-Corruption Unit is focusing its investigation on decisions affecting the forestry industry taking by the Ministry of Finance during Borg’s time in office.

Earlier media reports claimed that Anders Borg has paid around SKr 2,500 himself for each hunt, which is considered to be under the value of such a trip. On Friday Borg sent a text message to DI saying: “I am convinced that I have handled this correctly.”

DI reports that the prosecutor is planning to question a further three to six people who participated in the hunts.

Kinnevik CEO quits with immediate effect

Lorenzo Grabau, the chief executive of the Stenbeck sphere’s power company Kinnevik, is to leave his post with immediate effect.

The chair of the Kinnevik board is satisfied with what Grabau has achieved, but it is now time for the company to enter a new phase.

Grabau will remain on the boards of Millicom, Qliro Group, Tele2 and Zalando.