# Leif Johansson (businessman)

Leif Valdemar Johansson (born 30 August 1951) is a Swedish businessman. He was President and CEO of the Volvo Group from 1997 to 2011 and Chairman of Ericsson from 2011 until 2017 and is currently Chairman of AstraZeneca plc. In 2012, the Fokus Magazine ranked him as Sweden's 6th most powerful person.

## Background

Johansson was born on August 30, 1951, in Gothenburg, Sweden. His father was Lennart Johansson, for many years President of the SKF Group (1971-1985). He and his wife Eva have five children.

## Education

* 1958-1971 primary education, Gothenburg
* 1968 Chatsworth High School, Chatsworth, California
* 1971 matriculation, natural sciences, Kjellbergska Gymnasiet, Gothenburg
* 1972 Sergeant, Swedish Air Force
* 1977 Master of Science in Mechanical Engineering, Chalmers University of Technology, Gothenburg

## Career

Johansson has worked in Swedish industry for most of his professional life. He assumed his first position as Managing Director in 1978 (age of 27), at Husqvarna Motorcycles. In 1982 he became President of Facit, an office machines manufacturer, followed by ten years with white-goods manufacturer Electrolux where he eventually advanced to the position of CEO. In 1997 Johansson was appointed President and CEO of Volvo in Gothenburg, a position he held until 2011.
1974-76 project consultant, Indevo 1977 product developer and assistant to the President, Centro-Maskin 1979 President of Husqvarna Motorcycles 1981 Divisional Manager Office Machines, Facit Sweden 1982 President of Facit 1984 Divisional Manager, AB Electrolux, Appliances 1987 President of AB Electrolux, Appliances 1988 Vice President, AB Electrolux 1991 President of AB Electrolux 1994 CEO, Electrolux 1997 President and CEO, Volvo Group 2011 Chairman, Ericsson

## Other assignments

Chairman of the Board: AstraZeneca Pharmaceuticals LP Member of the Board: Bristol-Myers Squibb Company, Svenska Cellulosa Aktiebolaget (SCA), Confederation of Swedish Enterprise
Member of Royal Swedish Academy of Engineering Sciences (IVA) Chairman ERT European Round Table of Industrialists

## Awards

* 1977 Marcus Wallenberg ASEA Award
* 2001 H. M. The King's Medal 12th size in the Ribbon of the Royal Order of the Seraphim
* 2005 The Royal Automobile Club's Gold Memorial Medal
* 2005 Knight of the National Order of the Legion of Honour, France
* 2006 Honorary Doctor at the Blekinge Institute of Technology
* 2007 Honorary Doctor of Medicine at the University of Gothenburg
* 2009 The Mekanprisma Award
* 2013 Officer of the Legion of Honour

## Volvo Group

The Volvo Group is one of the world's largest suppliers of commercial vehicles with products such as trucks, buses, construction equipment, drive systems for marine and industrial applications, and aircraft engine components. The Volvo Group also offers its customers financial services. Today the Group has customers in more than 180 countries worldwide, mainly in Europe, Asia and North America. The Group has about 100,000 employees and production facilities in 19 countries.
Decisions adopted under Johansson's leadership:
1998 Acquisition of Samsung's excavator operation, South Korea 1999 Sale of Volvo Cars to Ford Motor Company 2001 Acquisition of Renault Trucks, France, and Mack Trucks, USA 2006 Acquisition of Nissan Diesel, Japan 2007 Acquisition of Ingersoll Rand's road construction machinery division, USA 2008 Agreement on joint venture company with Eicher Motors, India