Digital Governance

Corporate governance in a digital world

Customer engaged digital transformation

A clear ambition from the board and group management – and a decentralized, iterative digital transformation process. That has been the success formula for the industrial polymer group Trelleborg. Swedish Trelleborg is a world leader in engineered polymer solutions, with 50 sites across the globe. The engineering group is active from space to seabed and within a wide range of industries such as transportation, aerospace, agriculture, building and construction and … Read more

Tyréns delivers digital solutions for smart buildings

Creating new business in a separate unit – and entering partnerships instead of investing in-house. The engineering and design consultancy Tyréns is gearing up for digital transformation in the construction industry.   In April 2019, the engineering and design consultancy Tyréns launched a new digital business unit: Business Area X, or BAX for short. The strategy is to separate the new business from the old. “We don’t think that our managers … Read more

After the crisis: Spendrups sees office shrink

The pandemic has spurred many companies to embrace digital tools – Swedish brewery Spendrups is one of them. Stepping out of the crisis, the family owned market leader sees a major change that this will bring: offices are about to shrink. “We expect people to remain more digital after the crisis. Many employees will continue to work from home in combination with office attendance”, says CEO Fredrik Spendrup. When the corona … Read more

The cognitive shipping company

To secure its future, family-owned Stena Line in Gothenburg has chosen to take digitalization seriously. Backed by the owner and supported by an active board, Stena Line strives constantly to become a “cognitive shipping company”, powered by AI. “Today we talk less about “digital transformation” and more about just “transformation”, says Jari Virtanen, Chief Transformation Officer, (CTO). “Vision in 2015: Fully AI assisted freight”  The call for change came when … Read more

“Digital transformation is about people, not technology”

Swedish investment firm EQT has a team of 60 digital accelerators, catalysing the transformation of their 70 independent portfolio companies. When digital transformation is made positive for both staff and customers – that’s when it becomes effective”, says Sven Törnkvist, head of the group. Pilots have been used to trigger curiosity and engagement, and are viewed as investments in learning. Now the portfolio companies queue up for support in their digital transformation. … Read more

Vital that company boards actively engage with digital transformation

If digital transformation is strategically critical, it should be at the top of the agenda. Boards should have continuously updated business intelligence, follow the actions of the CEO and the executive management closely and take every opportunity for insight and influence. This is the advice of Helena Levander, chair and board member of a number of companies. She believes that boards in recent years have gone from exaggerated respect to … Read more

“Grundfos’ digital transformation may be the smartest ever”

In May 2017, Fredrik Östbye accepted an assignment: carry out the smartest and most intelligently executed digital transformation of any industrial company. The challenge came from world leading Danish pump-maker Grundfos – looking to shift from selling pumps to providing water-as-a-service. Three years later, the transformation is complete. When Fredrik Östbye accepted the assignment as Group Vice President and Head of digital transformation at Grundfos, he was given a time … Read more

SKF’s bearings go digital

SKF has reached a point where digitalization brings both challenges and opportunities. The key question is how to maintain growth when ball bearings can be bought in bulk via e-retailers such as Amazon or Alibaba and competition from China is growing. At the same time, demand for components for the mechanical industry as a whole – and thus also the need for ball bearings – is expected to fall. SKF’s … Read more

Spendrups – a family business with a head-on approach to digitalization

Digitalization is an opportunity for our company. A new governance group with a mission to increase the competency of the board – and a digital review of all processes. Those are two major focus areas for Fredrik Spendrup, CEO of the market leading Swedish brewery Spendrups. “We need more people on our board with experience of leadership and digitalization”, he says … Read more