Carlson

Family-controlled Swedish investment house Kinnevik is set to appoint Dame Amelia Fawcett as its new chairman at its AGM on 21 May.

The proposed election underlines the digital innovator’s tradition of female leadership that has seen female chairs helming it for 11 out of the past 13 years.

Fawcett, a former Morgan Stanley executive who chaired the Guardian Media Group for seven years, has been deputy chairman since 2013.

The British hotelier behind Radisson Blu Edwardian is facing off against his son in court this week, accusing the next-gen of failing to share the family wealth that he helped to build.

Bal Mohinder Singh, moved into the hotel business, along with his eldest son, Jasminder, shortly after immigrating to the UK in 1973, gradually buying a portfolio of landmark properties, including Savoy Court and the May Fair in central London.

It was a case of in with the old and out with the new at Carlson this month, as two next-gens replaced older family members at the travel and hospitality company.

Barbara Carlson Gage, the daughter of the family business’s founder Curtis Carlson, and her brother-in-law Glen Nelson both stepped down after a combined 40 years on the board.

Their replacements were named as Geoffrey Gage, 45, and 43-year-old Wendy Nelson, grandchildren of the founder.

It’s been a mixed week for family businesses across the world, with some, including Wendel, Inditex and Carlson, reporting strong financial results, while Independent News & Media saw profits hit by tough trading conditions.

Wendel, the French investment company controlled by the eponymous family, said on 22 March that revenues jumped 17.5% in 2011 to €5.95 billion, from €5.07 billion in 2010.