Percy Barnevik
| Percy Barnevik | |
|---|---|
| Born |
13 February 1941 Simrishamn, Sweden |
| Nationality | Swedish |
| Occupation | former CEO |
Percy Nils Barnevik HonFREng (born 13 February 1941) is a Swedish business executive, best known as CEO and later Chairman of Asea Brown Boveri (ABB) 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.
Born in Simrishamn in southern Sweden, the youngest of three children, he grew up in Uddevalla, north of Gothenburg, where his parents operated a small printing company. Barnevik was educated at Göteborg University's School of Business, Economics and Law and at Stanford Graduate School of Business. He has later received seven honorary doctorates in Sweden, Finland and the USA, including from Linköping University (1989) and Göteborg University (1991). Barnevik received also the IEEE Engineering Leadership Recognition Award (1993).
Barnevik started his professional career in the Swedish company Datema, but soon moved to Sandvik. In Sandviken, where between the years 1969 and 1970 he hired over 150 people, his employees say "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 General Electric and U.S. Steel.
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