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Mats Palmquist has a diverse work experience spanning various industries. Mats began their career in 1998 as a Strategy Consultant at Ericsson Radio System. In 1999, they co-founded TextileSolutions, where they were responsible for marketing and sales. After that, they held multiple leadership positions at ORIFLAME COSMETICS, including Managing Director for various regions and Senior Vice President for Global Operations and Supply Chain. In 2013, they became a Senior Advisor at Volvo Car Group Investment Management. Most recently, they served as the CEO of Convini and as the Chairman of the Board at Fruktdealen.

Mats Palmquist completed their M.Sc. of Civil Engineering degree at Chalmers University of Technology from 1994 to 1998. In addition, they attended Chalmers School of Entrepreneurship from 1997 to 1998. Mats Palmquist also studied at Försvarets Tolkskola from 1995 to 1996 and Fallskärmsjägarskolan from 1993 to 1994.