In 2021, the Wallenberg Foundations' wholly-owned holding company Wallenberg Investments AB was established with the aim of long-term management and development of the Foundations' assets. The Wallenberg Foundations' largest assets are the listed partly-owned industrial holding company Investor AB and the wholly-owned holding company FAM AB, including Navigare Ventures AB.
Wallenberg Investments AB's responsibilities include asset management and corporate governance, both in the short and long-term. In order to streamline the work and structure around the Foundations, the intention is that the operations of Wallenberg Foundations AB, which handles administration and the grant processes for the Foundations, will be transferred to Wallenberg Investments AB.
As part of the simplification and clarification of the structure, Dick Lundqvist, currently General Counsel at Wallenberg Foundations AB, will become CEO of Wallenberg Investments AB and Jonas Ragnarsson, currently CEO of Wallenberg Foundations AB, will become Chief Financial Officer and Deputy CEO of Wallenberg Investments AB. The merger will not affect the focus or scope of the operations.