Sandvik’s board of directors has appointed Stefan Widing as new president and CEO, the company announced. The move will take place no later than April 2020, in alignment with the exit of incumbent president and CEO Björn Rosengren, who is set to leave Sandvik as of Feb. 1, 2020.
Widing served as executive vice president of Assa Abloy and as president of its technology division, HID Global Corporation, since 2015. He holds a master’s in applied physics and electrical engineering and a bachelor’s degree in business administration. Prior to his current role, he was general manager for Assa Abloy’s Shared Technologies following various other roles within the company, and also with SAAB Aerospace.
“We are very pleased that Stefan Widing will take on the position as President and CEO of Sandvik,” says Johan Molin, chairman of the Sandvik board of directors. “Stefan is a highly appreciated leader with a solid industrial track record of developing organizations and businesses, both organically and through acquisitions. In addition, his competence in advanced technologies and experience from leading digital transformations will be another valuable asset to Sandvik. Stefan definitely has the capabilities needed to continue the decentralized way of working and to ensure Sandvik’s future development.”
“I really look forward to joining Sandvik,” adds Widing. “I’m convinced that such a technologically advanced industrial group, recognized for its very competent employees, has a lot of future potential not the least by further developing within the digital area and exploring new technologies, thereby leveraging efficiency, productivity and sustainability even more for its customers.”
In case of that an interim solution is needed, Tomas Eliasson, executive vice president and chief financial officer, will be acting president and CEO for Sandvik.
Sandvik offers equipment, tools, service and technical solutions for the mining industry and rock excavation within the construction industry. The company has more than 40,000 employees worldwide. For more information, visit www.sandvik.com.