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New member in Sandvik's Group Executive Management

Tom Erixon, 40, has been appointed manager of a newly established Group staff, Corporate Business Development and IT (Group Staff KU) within Sandvik and will assume his new position on 1 August 2001.

As of the same date, he will become a member of Group Executive Management.

Tom Erixon has a long career within the Boston Consulting Group (BCG), most recently as Managing Partner for BCG in Denmark and Practice Leader for the Industrial Goods Sector within the Nordic countries. He holds a Master of Laws degree from Lund University in Sweden and an MBA from the IESE Business School, Barcelona, Spain.

As of 1 August 2001, Sandvik's Group Executive Management comprises:

Clas Åke Hedström, President and Chief Executive Officer.
Peter Larson, Executive Vice President and Chief Financial Officer.
Lars Pettersson, Executive Vice President and President Sandvik Specialty Steels and Sandvik Steel.
Anders Ilstam, Group Vice President and President Sandvik Mining and Construction.
Anders Thelin, Group Vice President and President Sandvik Tooling and Sandvik Coromant.
Rune Nyberg, Group Vice President Human Resources.
Tom Erixon, Group Vice President Corporate Business Development and IT.

Sandviken, 27 April 2001

Sandvik AB; (publ)