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2017-01-30

Sandvik: President of business area Sandvik Machining Solutions, Jonas Gustavsson, to leave Sandvik

Jonas Gustavsson, President of the business area Sandvik Machining
Solutions, has decided to leave Sandvik to take on the position as
President and CEO of ÅF, an engineering and consulting company listed
on Nasdaq Stockholm.

"I'm grateful for Jonas Gustavssons' excellent contributions during
his time in Sandvik. He has led both the Sandvik Materials Technology
and the Sandvik Machining Solutions business areas and played an
important role in improving and defending their performance. Jonas
has also, since 2011, been a much appreciated member of the Group
Executive Management", says Björn Rosengren, Sandvik's President and
CEO, who wishes Jonas Gustavsson all the best in his new position.

Jonas Gustavsson has worked in Sandvik since 2008. He will leave
Sandvik no later than end of July 2017. The process to find a
successor is initiated.

Stockholm, 30 January 2017

Sandvik AB

For further information contact: Carina Aspenberg, Media Relations
Manager, Sandvik AB, +46 70 616 01 19 or Ann-Sofie Nordh, Vice
President Investor Relations, Sandvik AB, +46 8 456 14 94.

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Sandvik Group
Sandvik is a high-tech and global engineering group offering products
and services that enhance customer productivity, profitability and
safety. 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 and construction industries;
products in advanced stainless steels and special alloys as well as
products for industrial heating. In 2015, the Group had approximately
45,000 employees and sales of 86 billion SEK in more than 150
countries within continuing operations.

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http://news.cision.com/sandvik/r/president-of-business-area-sandvik-mach...
http://mb.cision.com/Main/208/2176115/620665.pdf

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