Sandvik has appointed
The appointment is a result of an upcoming organizational change within business area Sandvik Machining Solutions, where
"I am happy and proud to take on the role as head of the newly formed business area segment and I look forward to further building on the unique strengths we have in our various divisions," says
A second business area segment is also formed within the business area, consisting of the divisions Applied Materials Technology and Additive Manufacturing. This segment will be called Sandvik Manufacturing Solutions and will be led by the current Business Area President Lars Bergström until the end of 2020, after which Sandvik's President and CEO
As a consequence of the changes
"The new organization aims to further increase focus on the growth opportunities within both our core area of metal cutting and within adjacent areas such as software solutions and services for the wider component manufacturing industry. I see great potential in exploring new opportunities within a manufacturing industry that becomes more digital and connected, and our new structure will ensure that we capture the potential in a lean and swift way," says
The organizational change does not affect Sandvik's other two business areas, nor does it affect reported figures for the business areas in the
Lars Bergström will continue to be a member of the
For further information, contact Anna Vilogorac, Investor Relations Officer, phone: +46 8 456 11 94 or
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Sandvik is a high-tech and global engineering group offering products and services that enhance customer productivity, profitability and sustainability. We hold world-leading positions in selected areas - tools and tooling systems for metal cutting; equipment and tools, service and technical solutions for the mining industry and rock excavation within the construction industry; products in advanced stainless steels and special alloys as well as products for industrial heating. In 2019, the Group had approximately 40,000 employees and revenues of about
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