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She is the daughter of Hugo Stenbeck, the founder of Investment AB Kinnevik, and the sister of Jan Stenbeck who took over that business from their father. She graduated from Stockholm School of Economics, and later married Bertil af Ugglas who became the Party Secretary of the Moderate Party. She fought a bitter feud with her brother over the family fortune, and subsequently withdrew from her brother and Kinnevik.
After the election victory in 1991, Margaretha af Ugglas became Sweden's second female Minister for Foreign Affairs. Her term included the finalisation of the negotiations leading up to Sweden's entry into the European Union.
She is a former Chairman of the Jarl Hjalmarson Foundation.
|Swedish Minister for Foreign Affairs
|Chairperson-in-Office of the OSCE