The Board of Sandvik has appointed Björn Rosengren, currently president and CEO of Wärtsilä Corporation, to succeed current CEO Olof Faxander from November 2015.

Olof 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,’ said Johan Molin, chairman. ‘The change of president and CEO was initiated by the board and should be viewed as a next step in Sandvik’s further development.’

Rosengren has held several management positions at Atlas Copco and worked at other industrial companies  such as Nordhydraulic, Nordwin AB and the ESAB Group.

Mats Backman, executive vice president and CFO, will be acting president and CEO in the interim period until Björn Rosengren starts his new position.

This story is reprinted from material from Sandvik, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.