The Wallenbergs Harness A Dynamo

Does Barnevik's appointment signal a shakeup in the empire?

Peter Wallenberg, Sweden's most powerful industrialist, sometimes comes across as a rumpled, bumbling figure, but he has proved a shrewd steward of his family's business empire. This month, he took one of his boldest steps yet by announcing that Sweden's best-known chief executive, Percy Barnevik, will succeed him on Apr. 14 as chairman of Investor, the family company that holds major stakes in companies worth close to $100 billion.

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