Nacka, Sweden - Hans Ola Meyer, Atlas Copco's Senior Vice President Controlling and Finance and CFO, has decided to retire. He will stay on until end of July 2021.

Hans Ola Meyer, born 1955, began his Atlas Copco career in 1978. Between 1984 and 1991 he was employed outside the Group. He returned to Atlas Copco in 1991 and has since 1993 been a member of the Group Management.

'Hans Ola has contributed to Atlas Copco's success in many ways during his long career,' said Mats Rahmstrom, President and CEO. 'He has been a dedicated leader and with his vast experience and knowledge he has been a very appreciated member of the Group Management.'

The recruitment of the next SVP Controlling and Finance and CFO will start soon.

Hans Ola Meyer will remain in his current role until end of July 2021 and ensure a smooth transition.

For more information please contact:

Daniel Althoff, Vice President Investor Relations

+46 8 743 9597 or +46 76 899 9597

ir@atlascopco.com

Sara Liljedal, Media Relations Manager

+46 8 743 8060 or +46 72 144 1038

media@atlascopco.com

Atlas Copco Group

Great ideas accelerate innovation. At Atlas Copco we have been turning industrial ideas into business-critical benefits since 1873. By listening to our customers and knowing their needs, we deliver value and innovate with the future in mind.

Atlas Copco is based in Stockholm, Sweden with customers in more than 180 countries. In 2019, Atlas Copco had revenues of BSEK104 (BEUR 10) and at year end about 39 000 employees.

(C) 2020 Electronic News Publishing, source ENP Newswire