News from the Group

The Sandvik Board of Directors has appointed the first three members of the Board of SMT – the new company planned to be listed in 2022.

Tomas Eliasson, Executive Vice President and Chief Financial Officer, CFO, for Sandvik has decided to leave his position as of October 31, 2021, after more than five years in the Group.

Johannes Hellström has been appointed Press and Media Relations Manager at Sandvik.

Sandvik Board of Directors has today decided that following the completion of the internal separation of Sandvik Materials Technology (SMT), Sandvik will proceed with the preparation to distribute SMT to Sandvik’s shareholders and list the company’s shares on the Nasdaq Stockholm Exchange.

Sandvik has decided to establish a new business area, Sandvik Rock Processing Solutions (SRP), as of 1 January 2021.

Louise Tjeder has been appointed Vice President Investor Relations at Sandvik.

Sandvik has appointed Nadine Crauwels as new member of the Sandvik Group Executive Management as of 1 October 2020.

As communicated in the quarterly report for the first quarter, saving measures have been initiated throughout Sandvik due to the challenging market situation following the Covid-19-pandemic. Today, Sandvik gave notice of layoffs in Sweden for 429 positions within its business area Sandvik Materials Technology.