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292:, where between the years 1969 and 1970 he hired over 150 people, his employees said "he has some kind of magic in him—you just can't refuse his offer." He developed unique relationships with many of his colleagues which helped him to improve the communication. In 1975, he was promoted to CEO of Sandvik's American operations, Sandvik Steel. Within the next four years he tripled the revenues, grossing $ 250 million, and turned the company profitable. During his work in the United States, Sandvik started competing against the industry leaders, such as
346:
payment of 148 million Swiss francs when he retired as CEO in 1996. 2002, six years later under a second succeeding CEO, ABB stock market value plummeted from 54.50 francs in 2000 to just under 15 francs. When ABB's board made the pension payment public, a huge scandal ensued and
Barnevik was forced to resign as chairman of Investor, the Swedish investment company controlled by the powerful
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with Dr
Kalpana Sankar in Tamil Nadu, India. The charity, which fights poverty through job and business creation, has since grown to include programs in 10 countries: Kenya, Rwanda, South Africa, Eswatini, Lesotho, Zimbabwe, India, Afghanistan and, more recently, Cambodia and Myanmar. Hand in Hand's
345:
During his eight years as CEO of ASEA followed by the nine years as CEO of ABB, the company achieved an increase of stock value of 87 times or 30% average per year over the 17 years. Net profit increased 60 times and sales 30 times. Based upon these extraordinary results
Barnevik received a one-off
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mission is to work for economic and social empowerment of the poorest and most marginalized people by supporting the development of businesses and jobs. Since 2003, the Hand in Hand network has helped start and sustain 1.3 million businesses and has generated 1.9 million jobs.
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315:. It was the largest merger at that time. He held the position of CEO of ASEA 1980–87, was CEO of ABB from 1988 to 1996. He was Chairman of Sandvik 1983–2002, Chairman of
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1988–2002, and for being the centre of a giant pension dispute that shook Sweden in 2003. He is the co-founder of the non-profit organization Hand in Hand.
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Barnevik lived in London. In an interview he once stated that he took a test which stated he was unsuitable for a managerial position.
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Member of the
Business Council and the International Investment Council advising the South African government
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224:(born 13 February 1941) is a Swedish business executive, best known as CEO and later Chairman of
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Barnevik started his professional career in the
Swedish company Datema, but soon moved to
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Member of the
Advisory Council at the Academy of Engineering Sciences in Finland
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554:(in Swedish). University of Gothenburg, School of Business, Economics and Law
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510:"Corporate Titan Percy Barnevik's $ 50 Million Bet on Poverty Reduction"
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470:"The man who fell to Earth: knives are out for a corporate legend"
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in southern Sweden, the youngest of three children, he grew up in
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780:"Royal Swedish Academy of Engineering Sciences: Barnevik, Percy"
574:"IEEE Ernst Weber Engineering Leadership Recognition Recipients"
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from the article and its talk page, especially if potentially
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1999–2004, Chairman of ABB 1996–2002, Member of the Board of
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Members of the Royal
Swedish Academy of Engineering Sciences
675:"JĂĽrgen Dormann succeeds Percy Barnevik as chairman of ABB"
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1992–2001 and belonged to the group's
Steering Committee.
311:. In 1987 he decided to merge with its Swiss competitor –
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Members of the
Steering Committee of the Bilderberg Group
350:, and to hand back a large chunk of his pension to ABB.
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307:, a leading Swedish heavy industrial company based in
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Fellows of the
American Academy of Arts and Sciences
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Honorary Fellows of the Royal Academy of Engineering
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410:Member of the Governing Board and Advisors at the
264:in Sweden, Finland and the U.S., including from
200:Gothenburg School of Business, Economics and Law
1079:
274:IEEE Engineering Leadership Recognition Award
8:
1230:Stanford Graduate School of Business alumni
722:"Percy Barnevik: Jag var olämplig som chef"
552:"Hedersdoktorer [Honorary Doctors]"
331:, USA 1991–1998 and Member of the Board of
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1072:
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832:
530:"Honorary doctors at Linköping University"
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56:about living persons that is unsourced or
811:. American Academy of Arts and Sciences.
392:Wharton School of Business Administration
127:Learn how and when to remove this message
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806:"Book of Members, 1780–2010: Chapter B"
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335:, USA 1996–2009. He was also a regular
272:(1991). In 1993, Barnevik received the
396:Member of the Advisory Council at the
390:Member of the Advisory Council at the
496:"Hand in Hand International Founders"
421:American Academy of Arts and Sciences
358:In 2003, Barnevik co-founded charity
254:School of Business, Economics and Law
7:
258:Stanford Graduate School of Business
1210:People from Simrishamn Municipality
818:from the original on 9 October 2022
623:"Former Steering Committee Members"
1215:People from Uddevalla Municipality
383:Member of the Advisory Council of
14:
657:"ABB ex-bosses pay back benefits"
405:Royal Swedish Academy of Sciences
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23:
1225:University of Gothenburg alumni
472:. 18 April 2010. Archived from
419:Foreign Honorary Member of the
1:
1169:Charles Eugene Lancelot Brown
728:(in Swedish). 16 January 2012
782:. Ivawebb.se. Archived from
749:Percy Barnevik on Leadership
428:Royal Academy of Engineering
34:biography of a living person
1109:ABB Motors & Mechanical
677:. Abb.com. 21 November 2001
61:must be removed immediately
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710:Hand in Hand International
434:Hand in Hand International
385:Centre for European Reform
1235:General Motors executives
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1124:International Combustion
412:Grassroots Business Fund
270:University of Gothenburg
260:. He has received seven
250:University of Gothenburg
1119:Brown, Boveri & Cie
609:2 December 2007 at the
323:1997–2002, Chairman of
319:1992–1997, Chairman of
313:Brown, Boveri & Cie
1220:Swedish businesspeople
627:bilderbergmeetings.org
579:. IEEE. Archived from
532:. Linköping University
48:Please help by adding
426:Honorary Fellow, the
990:Member of the board
844:Torsten L. Lindström
766:10 June 2011 at the
375:Current affiliations
266:Linköping University
54:Contentious material
836:Business positions
697:"HiH Where We Work"
432:Honorary Chairman,
398:Humboldt University
262:honorary doctorates
219:Percy Nils Barnevik
16:Swedish businessman
1134:Thomas & Betts
637:on 2 February 2014
303:In 1979 he joined
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1053:Succeeded by
1027:Succeeded by
999:Succeeded by
971:Succeeded by
946:Clas Åke Hedström
943:Succeeded by
915:Succeeded by
883:Succeeded by
859:Succeeded by
786:on 7 October 2011
747:Barnevik, Percy.
586:on 9 October 2022
456:"List of Fellows"
348:Wallenberg family
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37:needs additional
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1179:Peter Sutherland
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1056:Louis Schweitzer
1037:Preceded by
1012:Peter Wallenberg
1009:Preceded by
981:Preceded by
974:Melker Schörling
953:Preceded by
925:Preceded by
896:Peter Wallenberg
893:Preceded by
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663:. 11 March 2002.
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476:on 18 April 2010
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294:General Electric
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170:13 February 1941
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76:"Percy Barnevik"
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50:reliable sources
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1044:Chairman of
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962:Chairman of
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934:Chairman of
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906:Chairman of
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820:. Retrieved
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784:the original
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679:. Retrieved
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635:the original
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581:the original
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474:the original
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370:
360:Hand in Hand
357:
354:Philanthropy
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117:October 2007
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43:verification
36:
1200:1941 births
1159:Klaus Agthe
1046:AstraZeneca
1020:Investor AB
996:1991– 1998
968:1992– 1997
590:20 November
325:AstraZeneca
321:Investor AB
244:, north of
188:Nationality
1194:Categories
1050:1999–2004
1024:1997–2002
956:Bengt Haak
940:1983–2002
912:1996–2002
880:1988–1996
856:1980–1987
732:1 November
641:8 February
558:1 February
536:1 February
440:References
407:since 1982
298:U.S. Steel
246:Gothenburg
238:Simrishamn
232:Background
206:Occupation
177:Simrishamn
166:1941-02-13
87:newspapers
751:. Sanoma.
400:in Berlin
290:Sandviken
242:Uddevalla
39:citations
813:Archived
764:Archived
661:BBC News
607:Archived
340:attendee
309:Västerås
236:Born in
222:HonFREng
65:libelous
964:Skanska
936:Sandvik
874:CEO of
850:CEO of
317:Skanska
286:Sandvik
256:and at
209:former
191:Swedish
101:scholar
1152:People
1129:Mincom
992:DuPont
822:17 May
790:13 May
681:13 May
515:Forbes
480:13 May
423:(1999)
329:DuPont
280:Career
181:Sweden
103:
96:
89:
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74:
816:(PDF)
809:(PDF)
726:DN.SE
584:(PDF)
577:(PDF)
288:. In
108:JSTOR
94:books
32:This
1114:ASEA
852:Asea
824:2011
792:2012
734:2019
683:2012
643:2014
592:2010
560:2018
538:2018
482:2012
387:, UK
305:ASEA
296:and
160:Born
80:news
41:for
1095:ABB
1039:n/a
1002:n/a
984:n/a
908:ABB
876:ABB
869:n/a
861:n/a
252:'s
226:ABB
211:CEO
1196::
898:,
724:.
659:.
629:.
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512:.
447:^
300:.
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
