He has a Bachelor of Science degree from the Edmund A. Walsh School of Foreign Service.
Executive vice president Investor AB, 1993—1999, president, Chief Executive Officer, 1999—2005. Director Stora Feldmühle AG, Düsseldorf. Vice chairman International Chamber of C., 2005—2006, chairman, 2006—2008.
Vice chairman L. M. Collge Pharmacy Ericsson, Saab AB, Skandinaviska Enskilda Banken. Board member AstraZeneca PLC, Investor AB, Scania AB, Knut & Alice Wallenberg Foundation, Stora Enso Oyj, Electrolux, since 2005, chairman, since 2007.
He is a member of the prominent Wallenberg family. He is a former member of the Steering Committee of the Bilderberg Group.