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Pehr Gustaf Gyllenhammar

Gyllenhammar is a native of Gothenburg, Sweden, born in 1935. Through his mother, Aina Kaplan, he is a descendent of a well known Jewish clan in Sweden. His father had the same name as him. Gyllenhammar graduated from Lund University in 1959 with a Bachelor of Law degree. He also pursued studies in international law in Great Britain, vocational studies at law offices in the United States and studies at the Centre d’Etudes Industrielles in Geneva. He began his business career in the insurance industry, joining Amphion Insurance Company in 1961. Deputy managing director of Skandia Insurance Company 1968-1970. Managing director of Skandia Insurance Company 1970-1971, taking over the position from his father. Managing director and CEO of Volvo AB 1971-1983. Member of the International Advisory Committee of Chase Manhattan Bank 1972-1995 (also said to have been a trustee of the Rockefeller University). Director of United Technologies Corporation from 1981 to about the mid 1990s. Chairman and CEO of Volvo AB 1983-1990. Made Commander of the Ordre National du Mérite in France in 1980 & Commander of the Legion of Honour in 1987. The idea of founding the ERT dates back to a speech of Pehr Gyllenhammar to 1,200 leading US businessmen at a 1982 dinner at the Waldorf Astoria in New York. Earlier, Etienne Davignon challenged Gyllenhammar to organize a group of the top European businessmen to lobby the European Commission. The Gyllenhammar group was to become the highly influential European Round Table of Industrialists (ERT), drawing up policy for Europe. Chairman of the ERT from 1983 to 1987. Director of Kissinger Associates from 1984 to 1997 and therefore involved with the 1989 BNL Affair, in which $4 billion of unauthorized loans were made to Iraq. Executive chairman of Volvo AB 1990-1993. Gyllenhammar left Volvo in 1993 after a planned merger with Renault failed and has since been active in London. Member of the Committee of Common Market Automobile Constructors and the board of the Federation of Swedish Industries. In 1995, he was a director of FMC Corp. (Chicago), Pearson, Reuters Holdings, the Supervisory Board of Philips Electronics NV, and chairman of the MC European Capital SA, a merchant bank in London. Senior Advisor to Lazard Freres & Co. LLC 1996-1999. Became a trustee of Reuters in 1997 and went on to became chairman of the trustees, through the Reuters Founders Share Company. Director of Aviva plc, the UK's largest insurance company, from 1997 to 1998 & chairman since 1998. Senior partner and managing director of Lazard Partners since 1999. Member of the Supervisory Board of Polygram N.V. Chairman of the Supervisory Board of Cofinec SA and chairman of RFS Co. since 1999. First chairman of the European Financial Services Round Table, which was founded in March 2001. Vice-chairman of Rothschild Europe, a division of N.M. Rothschild & Sons, since 2003 and chairman of the Rothschild pension funds. Also became a Senior Advisor to the Rothschild Group worldwide at the same time. Chairman of the Board of Investment AB Kinnevik, a Swedish investment group, since 2004. Chairman of MAF Holding LLC since 2005, a Middle-East company that mainly develops shopping centres, commercial projects, hotels and planned communities. Chairman Swedish Ships Mortgage Bank. Member of the supervisory board of Lagardère SCA, a media and technology company. Used to be a deputy chairman of the Aspen Institute. The son of Pehr Gyllenhammar's sister, Peter Hjörne, is the owner and chief editor of Göteborgs-Posten, the fourth largest newspaper in Sweden and the only paper in Sweden's second largest city, Gothenburg. When Steven Spielberg's movie Schindler's List reached the screens Hjörne personally put down the money to show the movie to all senior high school students.

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