Bo Axel Magnus Lundgren (born 11 July 1947) is a Swedish politician who served as the leader of the Moderate Party from 1999 to 2003.

He earned a degree in business and administration from Lund University in 1972, and began training as a Reserve Officer in the Swedish Army.

During the elections, Lundgren was perceived to be a technocratic politician who put too much emphasis on budget numbers and tax cuts, which might have contributed to the party's poor showing that year.

He played a further role in the government's response to the late 2000s recession, along with Stefan Ingves the head of Sveriges Riksbank, which included the nationalisation of Carnegie Investment Bank.

Lundgren is still respected among many Moderates for his principled stand on issues as a leader, especially since Fredrik Reinfeldt has been pursuing more centrist policies.