News from the Group

Dec 14, 2015 9:00 AM CEST , Press release

Lars Engström has been appointed President of Sandvik Mining. He will be included as a new member of Sandvik’s Group Executive Management.

Dec 10, 2015 7:10 AM CEST , Press release

Olle Wijk, Executive Vice President and Head of Sandvik's Group R&D, will retire as of 30 April 2016, at the age of 65. As of 1 January 2016, Olle Wijk will no longer be a member of the Group Executive Management, but will act as Group Senior Advisor, reporting to President and CEO, Björn Rosengren.

Dec 10, 2015 7:00 AM CEST , Press release

Sandvik has identified additional structural efficiency measures which will generate annual savings of about 600 million SEK, including the third and final phase of the supply chain optimization program.

Additional information (PDF document, 307 kB)

Nov 25, 2015 7:45 AM CEST , Press release

Mats Backman, Executive Vice President and Chief Financial Officer, CFO, for Sandvik has decided to leave Sandvik to assume the equivalent position as CFO for the automotive safety supplier Autoliv.

Oct 1, 2015 11:30 AM CEST , Press release

Sandvik has decided to initiate divestment of the project business Mining Systems.

Sep 8, 2015 9:25 AM CEST , News

Sandvik has today decided to maintain its operations in Turku. This decision is taken after further investigation of the competitive landscape, the current market situation and risks involved.

Aug 10, 2015 3:30 PM CEST , Press release

Björn Rosengren, currently President and CEO of Wärtsilä Corporation, will succeed Olof Faxander as of 1 November 2015.

Jun 12, 2015 9:36 AM CEST , News

Sandvik has decided to close the site in Turku, Finland and optimize the site in Tampere, Finland. This is in line with the previously communicated announcement on 26 March 2015 that consultations were going to be initiated.

Jun 4, 2015 10:35 AM CEST , Feature

Stuart Evans has been working around heavy industry since his university years. He’s spent most of this time in mining, but he has also worked in oil and gas and nuclear facilities. Environment, Health and Safety (EHS) issues are therefore nothing new for the Global Head of Environment, Health and Safety, Sandvik Group.

May 28, 2015 1:08 PM CEST , Feature

While demand remained generally stable, we noted earnings growth and margin expansion as well as strong cash flow.

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