Regulatory News:
Sandvik (STO:SAND)
Lars Engström has been appointed President of Sandvik Mining. He will be
included as a new member of Sandvik’s Group Executive Management.
Lars Engström, previously President and CEO of the air treatment
solutions company Munters, has an extensive industrial background with
over a decade’s experience from the Mining and Construction industry. He
has held leading positions within Atlas Copco as President of the Rock
Drilling Equipment and Underground Rock Excavation Divisions, as General
Manager and responsible for sales in Australia and New Zealand and also
Vice President functions within Marketing and Finance for the Rock
Drilling Tools Division.
Lars Engström has several years’ experience from Seco Tools and his
career comprises international positions with locations in several
continents.
“I have come to the conclusion that a new leadership is needed to
develop Sandvik Mining going forward. I am convinced that Lars Engström,
whom I know well from Atlas Copco, has the experience and the leadership
qualities required for this. At the same time I would like to thank Scot
Smith, who leaves Sandvik, for his contributions, says Sandvik’s
President and CEO Björn Rosengren.”
Lars Engström starts his position with Sandvik on 15 December.
Stockholm, 14 December 2015
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 10:00 CET on 14 December,
2015.
Sandvik Group
Sandvik is a high-tech and global engineering group offering advanced
products and services that enhance customer productivity, profitability
and safety. We hold 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 2014, the Group had
about 47,000 employees and sales of about 89 billion SEK in more than
150 countries.
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