News from the Group

Anna Vikström Persson, Executive Vice President and Head of Group function Human Resources (HR), has decided to resign from her position, as of 1 June 2016.

Tomas Eliasson has been appointed Executive Vice President and CFO of Sandvik and member of the Group Executive Management, effective no later than July 2016.

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

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.

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)

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.

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

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.

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.