Cristina Stenbeck

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Cristina Stenbeck
CristinaStenbeck2012.jpg
Born (1977-09-27) 27 September 1977 (age 48)
New York City, United States
OccupationInvestor
SpouseAlexander Fitzgibbons
Children5
Parent(s) Jan Stenbeck
Merrill MacLeod Stenbeck [1]

Cristina Mayville Stenbeck (born 27 September 1977 in New York City, United States) is a Swedish businesswoman. She is a major shareholder and former executive chairman of Kinnevik AB, one of the largest investment companies in Sweden. [2] [3]

Contents

Early life

Stenbeck was born in New York City as the eldest daughter of Jan Stenbeck, a Swedish industrialist, and Merrill MacLeod Stenbeck, an American. [1] Her siblings include Max Stenbeck. [2] Stenbeck is the granddaughter of Hugo Stenbeck, a Swedish industrialist who co-founded the family company, Kinnevik AB.

Stenbeck attended St. Andrew's School in Delaware, where she was later a trustee, [4] and graduated from Georgetown University in Washington, D.C., with a Bachelor of Science in 2000. [5] [6] [7]

Career

In 1997 she joined the board of Invik & Co, a financial services company supporting the insurance, fund management and banking industry. Stenbeck became the vice chairman of Kinnevik AB in 2003 and became chairman in 2007. [8] In 2016 she stepped down as chairman of Kinnevik to concentrate on investing. [9]

For a decade after 2003 Stenbeck worked at Kinnevik AB, consolidating the ownership and simplifying the corporate structure. She also divested peripheral businesses in order to reduce leverage and increase transparency of the company. [7] [10] [11]

In early 2014 she became chairman of the board at the online fashion retail platform Zalando. [12] She also joined the board of Spotify. She served as the Chairperson on the Board of Zalando (2019-2023) [13] and as a non-executive director on the Board of Spotify for 6 years (2017-2023). [14]

Awards

In April 2012 Stenbeck was awarded the Swedish Royal Patriotic Society Business Medal for outstanding entrepreneurship, [15] and in November 2012 she won the Golden Gavel for her leadership as chairman of a listed company. [16]

Personal life

Stenbeck married the English businessman Alexander Fitzgibbons in September 2005. She has five children. She was named 2016 European Manager of the Year by European Business Press (EBP). [17]

References

  1. 1 2 "Saving the family empire". Fokus. 18 April 2011. Retrieved 4 June 2014.
  2. 1 2 "Cristina Stenbeck axlar pappas mantel". Dagens Nyheter. 13 May 2003. Retrieved 24 December 2013.
  3. ↑ "Cristina Stenbeck of Sweden's Kinnevik". Bloomberg. 24 June 2010. Archived from the original on 24 May 2013. Retrieved 24 December 2013.
  4. ↑ "St. Andrew's Celebrates 81st Commencement". St. Andrew's School. 26 May 2014. Archived from the original on 22 January 2015. Retrieved 22 January 2015.
  5. ↑ "Heiress defies skeptics with tech savvy, fashion sense". CNBC . Archived from the original on 26 June 2014. Retrieved 9 September 2017.
  6. ↑ "Stenbeck Profile". Bloomberg. Archived from the original on 24 December 2013. Retrieved 24 December 2013.
  7. 1 2 "Cristina Stenbeck, Kinnevik – Winner of the 2012 Golden Gavel – Listed companies". GuldKlubban. 2012. Archived from the original on 24 December 2013. Retrieved 24 December 2013.
  8. ↑ "Beyond the family boardroom". Financial Times. 11 March 2012. Archived from the original on 16 February 2013. Retrieved 24 December 2013.
  9. ↑ Milne, Richard (3 November 2016). "Kinnevik's Cristina Stenbeck steps down as chairman" . The Financial Times. Archived from the original on 11 December 2022. Retrieved 12 August 2017.
  10. ↑ "A Swedish heiress confounds skeptics". New York Times. 31 October 2005. Archived from the original on 28 March 2014. Retrieved 24 December 2013.
  11. ↑ "KINNEVIK FÖRVÄRVAR EMESCO OCH STÄRKER ÄGANDET I MTG OCH TELE2" (PDF). Investment AB hugin.info. 23 April 2009. Archived from the original (PDF) on 24 December 2013. Retrieved 24 December 2013.
  12. ↑ "Zalando transforms into a Societas Europaea". Zalando. May 2014. Retrieved 4 June 2014.
  13. ↑ "Zalando gets new head of supervisory board". Zalando. 11 April 2023. Retrieved 11 April 2023.
  14. ↑ "SEC Filing" (PDF). SEC. 2 February 2023. Retrieved 7 December 2023.
  15. ↑ "Cristina Stenbeck får Näringslivsmedalj för framstående entreprenörskap". Cision.com. 25 April 2012. Archived from the original on 28 March 2014. Retrieved 23 December 2013.
  16. ↑ "Camfil Vice Chairman receives Swedish award". Camfil.com. Archived from the original on 28 March 2014. Retrieved 24 December 2013.
  17. ↑ "EBP European Manager of the Year awarded to Kinnevik's Steinbeck". 2 November 2022.
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