27 September 1977 |
Long Island, New York, United States
|Occupation||Chairman and principal owner of Investment AB Kinnevik|
Cristina Mayville Stenbeck, born 27 September 1977 in New York, USA, is a Swedish American business woman and the chairman of Investment AB Kinnevik, one of the largest family-controlled companies in Sweden.
Cristina Stenbeck was born in New York as the eldest daughter of Jan Stenbeck, a Swedish industrialist and entrepreneur, and her American mother, Merrill MacLeod. Her parents had three other children, Hugo Stenbeck, Sophie Stenbeck and Max Stenbeck. Cristina is also the granddaughter of Hugo Stenbeck (1890 – 1977), a Swedish industrialist and lawyer who was one of the co-founders of the family company, Investment AB Kinnevik.
Cristina Stenbeck’s business career began in 1997 after she joined the board of Invik & Co, a finance-based subsidiary of Kinnevik at the time. Cristina assumed leadership of the group in 2003 when she became the vice chairman of Investment AB Kinnevik, later becoming chairman in 2007.
For the next decade after 2003, Cristina made successful changes at Kinnevik, consolidating the ownership of the group, whilst simplifying the corporate structure. She also divested peripheral businesses in order to reduce leverage and increase transparency of the company.
Her leadership has also seen the group’s global network expand; the Kinnevik Group now operate in more than 80 countries in the communication, entertainment, media and e-commerce sectors, with well-known brands like Tigo, Tele2, Viasat, and Zalando forming part of the firm’s reach. As of 30 September 2013, Kinnevik’s net assets totalled SEK 61.1 billion, while the combined capitalisation of all group companies was approximately SEK 200 billion.
Philanthropy / awards
Cristina Stenbeck is the chairman of the Reach for Change foundation which promotes social entrepreneurship and business activities in Africa, Scandinavia, Russia and the CIS. She also works for the Hugo Stenbeck Foundation with her brothers and sister, Sophie and Max, a charitable foundation established by her grandfather in 1962.
In April 2012, Cristina was awarded the Swedish Royal Patriotic Society Business Medal for outstanding entrepreneurship, while in November 2012, she won the Golden Gavel for her leadership as chairman of a listed company.
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- "Camfil Vice Chairman receives Swedish award". Camfil.com. Retrieved 24 December 2013.