Regulatory News:
Sandvik (STO:SAND)
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.
Tomas Eliasson, 53 years of age, is currently Chief Financial Officer
for the global household appliance maker Electrolux, a position he has
held since 2012. Previously, he was CFO for ASSA ABLOY during 2006-2012
and Seco Tools between 2002-2006. His professional career started at ABB
in 1987. He holds a bachelor of science in business administration and
economics from Uppsala University, Sweden.
"Tomas Eliasson has extensive experience from relevant industries and
companies. He will be a strong contributor to Sandvik in the finance
areas and he will also take a leading role in driving the further
progress of the Sandvik Group in general", says Björn Rosengren,
President and CEO of Sandvik.
Tomas Eliasson will succeed Mats Backman, who, as announced 25 November
2015, will join Autoliv.
"I would like to thank Mats Backman for his valuable contributions as
CFO. I wish him all the best in his future career", says Björn Rosengren.
Stockholm, 22 January, 2016
Sandvik AB
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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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