According to Chairman of the Board, Tom Boardman:”Lorenzo Grabau has made a significant contribution to Kinnevik in leadership positions over the past 4 years, the last 2.5 years as CEO. He has built a strong team and successfully streamlined and consolidated our portfolio and assets. Kinnevik is now well-positioned to enter the next phase of its strategy of investing in and building leading digital consumer brands.”
Lorenzo will remain in his positions in the Boards of Directors of Millicom, Qliro Group, Tele2 and Zalando. Joakim Andersson has been appointed acting CEO.
Kinnevik has a 24 percent stake in Bayport financial services, 13 percent in Rwanda’s Babylon Health, 39 percent in Bima mobile health insurance, 13 percent in Rocket Internet, 34 percent in Konga. Millicom and Saltside Technologies.