Johan Lilliehöök appointed new CEO of Nordstjernan
The Board of Directors of Nordstjernan AB has appointed Johan Lilliehöök as the new CEO of Nordstjernan. Johan Lilliehöök, 41, is currently Managing Director, Investments at A.P. Moller Holding – a foundation-owned investment business and the parent company of A.P. Moller Group. Johan Lilliehöök has previously worked as Managing Director in Private Equity at asset manager Blackstone, based in London and Hong Kong. The current CEO Peter Hofvenstam will continue in his role until the new CEO takes office in the first quarter of 2024. Thereafter, Peter Hofvenstam will continue to work at Nordstjernan, serving as senior advisor.
“I am immensely proud of this vote of confidence by the Board, and am very much looking forward to meeting and getting to known all of the employees and companies in the Group. Nordstjernan commands a unique position with its illustrious history and greater purpose combined with its ownership structure that ensures long-term and flexible capital. I see many opportunities to continue the renewal of Nordstjernan, both as an investment organization and as an owner, as well as to develop Nordstjernan both in existing and in new environments,” says Johan Lilliehöök.
“I am delighted that we have been able to attract and bring in an investor like Johan Lilliehöök with his international experience. In recent years, Johan has worked with creating value and long-term ownership in a foundation-owned business, which means that he can see and leverage the strengths in this form of ownership. Together with our employees, he will build on, develop and renew Nordstjernan’s operations, with an unwavering focus on high-quality companies. The entire Board and I welcome Johan and we look forward to working together with him,” says Viveca Ax:son Johnson, Chairman of Nordstjernan.
Outgoing CEO Peter Hofvenstam will continue to work at and for Nordstjernan as senior advisor.
“I would like to thank Peter Hofvenstam who has worked at Nordstjernan for 25 years, and served as CEO since 2019. Peter has done a fantastic job at leading and developing our operations over these years which have included a pandemic and both geopolitical and macroeconomic turbulence. I am very grateful that Peter will continue to support Nordstjernan in working with our holdings,” says Viveca Ax:son Johnson.
Media contact:
Kajsa Andersson, Communications Manager, Nordstjernan, +46 76 148 82 84
About Nordstjernan:
Two foundations own Nordstjernan, of which the largest owner representing 85% of the capital is the Axel and Margaret Ax:son Johnson Foundation for Public Benefit that supports research and education. For more than 130 years, Nordstjernan has owned and developed hundreds of companies under the hallmarks of long-term perseverance, continuity and change. Thanks to our owner foundations, our capital is perpetual. Based on business as a positive force in society, we help develop Sweden. Today, Nordstjernan has investments in more than 20 companies that generate total sales of about SEK 130 billion and employ more than 50,000 people.
Tags: