Alrik Danielson worked at SKF between 1987 and 2005 and held a number of executive positions within the group including that of president of the SKF Group’s industrial division and member of the its executive committee.

"I am very pleased to welcome Alrik Danielson back to SKF,” said Leif Östling, chairman of the board of SKF. “His experience during 18 years at different positions in SKF and the last nine years as CEO of Höganäs AB makes him a competent successor to Tom Johnstone.

“I want to thank Tom Johnstone warmly for his great achievements during close to 38 years at SKF and above all during his time as president and CEO. Under Tom’s leadership SKF has developed into a Knowledge Engineering company, profitably increased its sales from SEK 41 billion in 2003 to SEK 63 billion last year and delivered a total shareholder return of over 400%.”

Danielson will be replaced by SSAB's Melker Jernberg, as reported in May.