Carl-Henric Svanberg appointed chairman of the European Round Table of Industrialists

- Leadership - May 29, 2018

Outgoing BP chairman Carl-Henric Svanberg has been appointed as the new leader of the European Round Table of Industrialists (ERT). 

The ERT, a 54-strong forum of leaders from Europe's biggest multinational companies, has chosen the vastly experienced Svanberg to replace current chairman Benoît Potier, who is the CEO of Air Liquide.

Svanberg, who is stepping down from his role at BP this month to be succeeded by Helge Lund, has been on the ERT panel since 2010, where he has helped the group with its advocacy of business policy and the ongoing stability of the European Union.

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Also currently chairman of Volvo, Svanberg was previously CEO of both Assa Abloy Group and Ericsson while too earning national recognition with the receipt of the King of Sweden’s medal for his contribution to Swedish industry.

"I’m delighted to be taking over the Chairmanship of ERT, which has a unique role to play in representing some of Europe’s largest businesses," said Svanberg. "This is a critical moment for Europe. Business leaders urgently need to make a positive case for industry as a creator of growth and prosperity for all citizens, especially young people. But more than that, in an age of rising populism, we need to argue for values of openness and tolerance.

"That is exactly what I intend to focus on: making the voice of European business heard, not for its own sake – but for the sake of championing values we care about."

Companies of ERT Members are widely situated across Europe, with combined revenues exceeding €2,250 billion, sustaining around 6.8 million jobs in the region. They invest more than €50 billion annually in R&D, largely in Europe.

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