News from the Group

Göran Björkman, President of Sandvik Materials Technology has been appointed Chairman of the Swedish Association of Industrial Employers (Industriarbetsgivarna).

Sandvik Machining Solutions has decided to review the potential closure of a production plant for round tools within the Walter division in Frankfurt, Germany. Production volumes would be transferred to other units within Sandvik Machining Solutions.

As previously announced, Stefan Widing is appointed new President and CEO of Sandvik. He will assume the position as of 1 February 2020, succeeding Björn Rosengren who at the same time leaves Sandvik.

Sandvik's Board of Directors has appointed Stefan Widing as new President and CEO for Sandvik with effect no later than April 2020. Stefan Widing succeeds Björn Rosengren, who as previously announced leaves Sandvik as of 1 February 2020.

Björn Rosengren, President and CEO of Sandvik, has informed the Chairman of the Sandvik Board that he intends to resign and leave the company as of 1 February 2020.

Sandvik Board of Directors has decided to initiate an internal separation of the business area Sandvik Materials Technology.

Lars Bergström, currently Senior Strategy Advisor and Vice President Sandvik Machining Solutions, has been appointed Acting President of Sandvik Machining Solutions as of 1 July 2019.