STOCKHOLM, April 27 (Reuters) - Financier Fredrik Lundberg could become the new chairman of investment firm Industrivarden INDUa.ST instead of the proposed Anders Nyren in the wake of a corporate spending scandal in part-owned hygiene products group SCA SCAb.ST , daily Dagens Nyheter reported.
An unidentified source told the Swedish newspaper that Industrivarden would announce the change on Monday.
Industrivarden Chairman Sverker Martin-Lof said in January he would vacate his position at the powerful Swedish investment group after media reports alleging lavish spending on corporate jet flights and hunting trips. ID:nL6N0V11MA
But Nyren, who was nominated to succeed him, has also been criticized for his role in signing off on the spending as a member of SCA's board, in which Martin-Lof also served as chairman in addition to his position at Industrivarden.
Fredrik Lundberg is the biggest owner in Industrivarden through various entities.