Changes in Sandvik's Group Executive Management
Anders Ilstam, Executive Vice President, Sandvik AB, has chosen to exercise the possibility to retire at age 62 and is leaving his position on 1 July 2004.
Ilstam has been employed by the company since 1993 and during the period 1998-2003 was President of the Sandvik Mining and Construction business area.
Peter Larson, Executive Vice President, Sandvik AB, and Chief Financial Officer, is leaving his position as CFO on 1 November 2004. In his role as Executive Vice President, Peter will be responsible for Business Development and IT.
Per Nordberg has been appointed Executive Vice President and CFO as of 1 November 2004. Per Nordberg is 47 and holds an MBA degree. Currently he is CFO of OMHEX AB.
After the changes, Group Executive Management comprises:
Lars Pettersson, President and CEO
Peter Larson, Executive Vice President and responsible for Business Development and IT
Per Nordberg, Executive Vice President and CFO
Anders Thelin, President of the Sandvik Tooling business area
Lars Josefsson, President of the Sandvik Mining and Construction business area
Peter Gossas, President of the Sandvik Materials Technology business area
Carina Malmgren Heander, Group Vice President Human Resources
Sandviken, 23 June 2004
Sandvik AB; (publ)