Jacob Wallenberg Jr Proposed as New EQT Board Member

People | Mar 10, 2025 | EQT

Jacob Wallenberg Jr Proposed as New EQT Board Member

Jacob Wallenberg Jr, currently Vice President of People & Talent at fintech firm Ramp, has been proposed as a new board member for EQT AB. Known for his expertise in scaling fast-growth technology companies globally, Jacob Wallenberg Jr's appointment signifies a strategic move by EQT to tap into younger, technologically-inclined leadership. The proposal underscores EQT's commitment to integrating fresh perspectives, enhancing its decision-making abilities, and strengthening its historical ties with the Wallenberg family. Conni Jonsson, Chairperson of the EQT Board, emphasized the value of diverse and complementary viewpoints in fostering informed leadership. The final decision on Jacob Wallenberg Jr's appointment will be made at EQT's Annual Shareholders Meeting scheduled for May 27, 2025, pending requisite regulatory approvals.

Sectors

  • Private Equity
  • Financial Services
  • Technology

Geography

  • Sweden – EQT AB is a Swedish-based private equity firm with a Nordic heritage, anchoring the geographical context in Sweden.
  • United States – Jacob Wallenberg Jr currently works in the U.S. at Ramp, highlighting the international dimension of the engagement.

Industry

  • Private Equity – EQT AB operates as a global investment organization that engages in active ownership strategies, representing the private equity industry.
  • Financial Services – EQT's business focuses on managing assets worth EUR 269 billion, impacting a broad range of sectors and stages, which aligns them with the financial services sector.
  • Technology – Jacob Wallenberg Jr's background in scaling technology companies like Ramp connects this event to the technology sector.

Financials

  • EUR 269 billion – EQT's total assets under management.
  • EUR 136 billion – EQT's fee-generating assets under management.

Participants

NameRoleTypeDescription
Jacob Wallenberg JrProposed Board MemberPersonVice President of People & Talent at Ramp, proposed as a new board member for EQT.
EQT ABCompany Proposing the Board MemberCompanyA global investment organization with a Nordic heritage, focused on active ownership strategies.
Conni JonssonChairperson of the EQT BoardPersonChairperson of the EQT Board and member of the Nomination Committee.
RampCurrent Employer of Jacob Wallenberg JrCompanyNew York-based fintech unicorn where Jacob Wallenberg Jr serves as Vice President of People & Talent.