Jacob Wallenberg Jr proposed as new Board member of EQT AB

Jacob Wallenberg Jr is currently Vice President of People & Talent at New York-based Ramp, leading the People function for the fintech unicorn, which employs over 1000 people globally. Jacob studied Economics at the Wharton School of the University of Pennsylvania, before beginning his career at McKinsey & Company and going on to work at a number of technology firms in the US.

Conni Jonsson, Chairperson of the EQT Board and member of the Nomination Committee, comments: “Jacob brings fresh perspectives to the Board - he comes from a younger, more technologically progressive generation and has direct experience from scaling fast-growth technology companies internationally. This diversity ensures that we have a range of complementary viewpoints at the table, which enables the Board to have a better understanding of the world in which we operate and therefore make better decisions. I’m also pleased that the appointment extends the relationship between EQT and the next generation of the Wallenberg family.”

Jacob Wallenberg Jr adds: “I’m very excited to have the opportunity to join the EQT Board. I’ve followed EQT and its impressive growth for a long time, and I hope to be able to contribute directly to its future success, working closely with the Board.”

The Nomination Committee’s complete proposals for EQT’s 2025 Annual Shareholders’ Meeting will be included in the meeting notice and detailed in the Nomination Committee’s Motivated Opinion. Both documents will be published on EQT’s website in advance of the Annual Shareholders’ Meeting. The proposal of Jacob Wallenberg Jr’s is subject to approval at EQT’s Annual Shareholders’ Meeting on 27 May 2025 and regulatory approvals.

Contact
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, [email protected], +46 8 506 55 33

About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR ‌​​269 billion in total assets under management (EUR ‌​​‌136 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.

More info: www.eqtgroup.com
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