Regulatory News:
Sandvik (STO:SAND):
Åsa Thunman has been appointed Executive Vice President and General
Counsel of Sandvik. Scot Smith has been appointed President of Sandvik
Mining. Both will be included as new members of Group Executive
Management.
Åsa Thunman is currently Senior Vice President General
Counsel of Securitas AB, a role she has held since 2011 having joined
the company in 2009. Prior to Securitas, she held senior positions at
Elekta AB, one of which as General Counsel. She also has extensive
experience from private practice at one of Sweden’s major law firms. In
addition to her position at Securitas, Åsa Thunman is a member of the
Board of Directors of the Scania Group. Åsa Thunman will succeed Bo
Severin no later than 1 October 2014. Bo Severin will take on a role as
Group Senior Advisor at Sandvik.
Scot Smith is currently President of the Sulzer Pumps Division. His
previous position was Head of the Weir Group’s mining division, a post
he held for 11 years. Prior to this, his career included senior
positions with Schefenacker, Britax Vision Systems, General Motors and
the Van Dresser Corporation. Scot Smith will join Sandvik at a date that
will be communicated later.
Gary Hughes, President of Sandvik Mining, will assume the position as
Head of Sales and Marketing for the same business area. In his new role,
he will use his extensive experience to maintain a dedicated focus on
further strengthening Sandvik’s customer relations.
“Gary Hughes has contributed substantially to our mining operations
during difficult times, providing Scot Smith with an excellent platform
to develop our business even further. Scot Smith will strengthen the
Sandvik Mining management team, while Gary Hughes will make a great
contribution to the team in his new role focusing on sales and
marketing,” says Olof Faxander, President and CEO of Sandvik.
“Both Åsa Thunman and Scot Smith have extensive experience from relevant
industries and companies. With their backgrounds, they are highly suited
to the task of bringing forward our legal function and mining business,
respectively,” says Olof Faxander, who expressed his gratitude to Bo
Severin for his valuable contributions as General Counsel, a position he
has held since 2000, and for initiating further improvements within
corporate global legal processes.
Effective today, Sandvik will incorporate ZZ Zhang, Executive Vice
President and Head of Emerging Markets and Olle Wijk, Executive Vice
President and Head of Group R&D, into Group Executive Management. Up to
now, they have served as members of Sandvik’s Extended Group Executive
Management.
“Bringing R&D and a member representing emerging markets into Group
Executive Management will further strengthen Sandvik in our continued
pursuit to set the industry standard,” says Olof Faxander.
Stockholm, 25 April 2014
Sandvik AB
Sandvik AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 08.15 CET on 25 April, 2014.
Sandvik Group Sandvik is a global industrial group with advanced
products and world-leading positions in selected areas – tools for metal
cutting, equipment and tools for the mining and construction industries,
stainless materials, special alloys, metallic and ceramic resistance
materials as well as process systems. In 2013 the Group had about 47,000
employees and representation in 130 countries, with annual sales of
about 84,000 million SEK.
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