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In Good Company with Nicolai Tangen

Volvo Chair: Leadership, crisis management and CEO vs Chair

In Good Company with Nicolai Tangen

Norges Bank Investment Management

In Good Company, Business, Norges Bank, Nicolai Tangen

4.8186 Ratings

🗓️ 3 January 2024

⏱️ 54 minutes

🧾️ Download transcript

Summary

Carl-Henric Svanberg’s story is as fascinating as it is inspiring. From his humble beginnings in a small village in Sweden, Svanberg rose to become a significant figure in the global corporate arena. He has led companies like Assa Abloy, Ericsson, Bp and Volvo through some of their most challenging and transformative periods. In this episode, we'll delve into Carl-Henric Svanberg's leadership philosophy and strategies. We'll explore how he approaches the challenges of steering global giants through challenges and crisis. 

The production team on this episode were PLAN-B's Nikolai Ovenberg and Niklas Figenschau Johansen. Background research was done by Sigurd Brekke. 


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Transcript

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0:00.0

Hi everyone and welcome to the podcast in Good Company.

0:04.4

When I started in finance 30 years ago, the first person I met was Karl Henrik Svarnberg.

0:09.9

He was then the CEO of Asa Abloy and following that, he's gone on to be CEO of Erickson, the chair of BP, and he's now the chair of Volvo.

0:19.3

We own 8 billion Norwegian crown worth or 800 million dollars of Volvo equivalent to 2% of the company.

0:27.0

Carl Henrik is one of the leading industries in Europe.

0:30.2

In this podcast, we condense 30 years of leadership experience into 45 minutes.

0:35.4

Tune in.

0:44.4

Music into 45 minutes. Tune in. Hi, everybody.

0:45.4

This is a very special day for me

0:47.2

because after university,

0:49.4

when I started working with finance,

0:51.6

one of the first people I met was Carl Henrik Svarnberg.

0:55.5

He was then at Asa Abloy, and he built Asa Abloy and moved on to become the CEO of Erickson,

1:01.5

then the chair of BP and then the chair of Volvo. I considered Carl Henrik the leading European

1:08.8

industrialists. It's a pleasure to have you here. Thank you.

1:12.9

Carl Henrik, what is leadership? What is good leadership? Well, I think leadership is how do you get

1:20.4

the most out of your people? How do you get them to perform the best they can ever be and move towards a target?

1:29.8

And of course, leadership is there for also to have a target, to have an idea where you're

1:34.4

heading. And I think everybody that works in a company or in a group, whatever, they love

1:40.8

a clear target. Now, you, just going all the way back, you grew up in a tiny little village up in northern Sweden.

1:49.0

Yeah.

1:49.5

What has that done to you as a leader?

...

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