Personnel Announcement - Sandvik Group

Lars Östholm, Executive Vice President of Sandvik AB, will retire on 31 January 1997.

He will be succeeded by Gunnar Björklund, currently President of Sandvik Steel, who will assume his new position 1 February 1997.

Per Ericson, Vice President and General Manager of the Seamless Tube Division, has been appointed President of Sandvik Steel, effective on the same date.

Sandviken, 13 November 1996

Sandvik AB; (publ)
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