Sandvik Appoints Stefan Widing as President and CEO

Sandvik’s Board of Directors has appointed Stefan Widing as new President and CEO for Sandvik with effect no later than April 2020. Stefan Widing succeeds Björn Rosengren, who as previously announced leaves Sandvik as of 1 February 2020.

Stefan Widing has been the Executive Vice President of Assa Abloy and President of HID Global Corporation, a technology division within Assa Abloy, since 2015. He holds a M.Sc. in Applied Physics and Electrical Engineering and a bachelor’s degree in Business Administration. Prior to his current role, he was the General Manager for Assa Abloy’s Shared Technologies and before that he held various positions in Assa Abloy and SAAB Aerospace.

“We are very pleased that Stefan Widing will take on the position as President and CEO of Sandvik. 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,” says Johan Molin, Chairman, Sandvik Board of Directors.

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

“I really look forward to joining Sandvik. 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,” says Stefan Widing.

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 is a high-tech and global engineering Group with about 42,000 employees with a strong commitment to enhancing customer productivity, profitability and safety. The company’s operations are based on unique expertise in materials technology, extensive knowledge about industrial processes and close customer cooperation. This combination, coupled with continuous investments in research and development (R&D), has enabled Sandvik to achieve world-leading positions in the areas of Tools and tooling systems for industrial metal cutting, equipment and tools, service and technical solutions for the mining and construction industries, advanced stainless steels and special alloys as well as products for industrial heating.