New appointed Presidents within Sandvik Tooling USA

Mr. Abberley, formerly Vice President of Sales and Marketing is a 37-year veteran with the company.

"Mike, with his extensive experience in the US metalcutting market, will lead Sandvik Coromant to further success in the US" says Anders Thelin, President of Sandvik Coromant and Sandvik Tooling global operations.

James T. Baker, currently President of Sandvik Coromant US, has been appointed President of the Sandvik NAFTA Tooling Group. Mr. Baker, with 28 years experience in the Sandvik Group has been President of Sandvik Coromant US since 1989. During that period Mr. Baker led the company's more than doubling of sales.

"Jim will continue to lead the Tooling Group's successful growth strategy in the NAFTA region", says Anders Thelin.

Rod W. Drummond has been appointed as the new President of Valenite Inc. In this position, Mr. Drummond will lead the Valenite global business.

For more than two decades, Mr. Drummond has been a leader in the metalworking market. Prior to joining Valenite he spent the majority of his career in key management positions with Ingersoll International.

"We are delighted to add such a respected business leader to our management team", says James T. Baker, Valenite Chairman and President of Sandvik NAFTA Tooling.