Former Atlas Copco executive to head Sandvik

By Chris Sleight11 August 2015

Björn Rosengren.

Björn Rosengren.

Björn Rosengren has been named president and CEO of Sandvik. He will take up the post on November 1, succeeding Olof Faxander who has left the company with immediate effect. Sandvik CFO Mats Backman will serve as interim president and CEO.

Mr Rosengren is currently president and CEO of Wärtsilä Corporation, which manufactures equipment for the marine, energy and oil & gas industries. He previously served as executive vice president in charge of Sandvik competitor Atlas Copco’s construction & mining technique (CMT) division, prior to the construction and mining businesses being split into separate division in 2011.

Sandvik chairman Johan Molin said, “I know Björn Rosengren as an exceptionally experienced and successful industrial leader. He has the experience needed to develop Sandvik into the future.”

On Mr Faxander’s four-year tenure as CEO he said, “He has managed Sandvik through very challenging market conditions and made creditable contributions in the restructuring of Sandvik to a more efficient organisation. The change of President and CEO was initiated by the Board and should be viewed as a next step in Sandvik’s further development”.

Latest News
UN reviews global infrastructure construction
Researchers examine the economic benefits and environmental risks of road and rail projects
Aggreko to buy loadbank specialist
Aggreko and Crestich agree on £122 million offer
Lendlease Europe ‘halves emissions in one year’
Real estate and infrastructure firm cuts its Scope 1 and 2 carbon levels by 53%