In Memoriam - Dr. Peter Wallenberg

Honorary Chair

Peter Wallenberg.jpg
Atlas Copco Honorary Chair Dr. Peter Wallenberg, who was active with the Group for more than 61 years, passed away at the age of 88 years in January 2015. He also played an important role in the Swedish and international business communities.

Dr. Peter Wallenberg, born 1926, began his long and productive partnership with Atlas Copco in 1953 when he joined as an employee at a service workshop in Nacka, Sweden.  Eager to learn about all aspects of the company and not afraid to take on tough physical tasks, Dr. Peter Wallenberg worked for a period in the Kärrgruvan mine in Sweden where he learned to operate rock drilling machines. In 1956 he moved to the U.S. as a compressor sales engineer. Though he was a lawyer at this time, he learned the technical matters including how to service the equipment.

In 1959 he left for Atlas Copco in Africa, where he served as Managing Director for the Federation of Rhodesia and Nyasaland (Zimbabwe, Zambia and Malawi) and later also for the Congo.  He served in the United Kingdom before returning to Sweden as Managing Director for Mining and Construction Technique in 1968. In 1974 he became Chair of the Board of Directors, a position he held for 22 years. From 1996 he served as Honorary Chairman.

Peter Wallenberg will be remembered as the most committed Atlas Copco promoter and supporter ever,” said Ronnie Leten, President and CEO for the Atlas Copco Group. “He was a true inspiration for me personally and for countless of former colleagues and friends in the Group.”

When Dr. Peter Wallenberg stepped down as Chair in 1996, Atlas Copco established an award in his name. The Peter Wallenberg Marketing and Sales Award recognizes the most innovative and successfully implemented method in the field of sales and marketing. The award is presented every year at Atlas Copco’s annual general meeting in Stockholm, Sweden.

The information was updated 2015-01-20.