Sandvik has announced the appointment of a new president and CEO. Björn Rosengren, currently president and CEO of Wärtsilä Corporation, will succeed Olof Faxander as of Nov. 1, 2015. Faxander has been the President and CEO of Sandvik since 2011.
“He has managed Sandvik through very challenging market conditions and made creditable contributions in the restructuring of Sandvik to a more efficient organization,” says Johan Molin, chairman of Sandvik. “The change of president and CEO was initiated by the board and should be viewed as a next step in Sandvik’s further development.”