Sandvik: Confirms that Björn Rosengren replace Faxander as CEO
2015-08-11 05:48
(retransmission of the news sent by the Stockholm stock exchange closing) (SIX) Sandvik confirmed in connection with the Stockholm Stock Exchange closing the President and CEO Olof Faxander from today leave their service of the company. Björn Rosengren, who is currently president of the Finnish industrial group Wärtsilä, will take over from Faxander 1 November 2015. Until then, the CFO Mats Backman appointed Acting CEO of Sandvik. It is clear from a press release. "He has led Sandvik under very challenging market conditions and made great efforts to restructure the company in order to become effective. The decision on the CEO change is initiated by the Board and should be seen as a next step in Sandvik's development, "writes Sandvik Chairman Johan Molin. Earlier in the day stated TV4's economic news to Faxander received park and Rosengren would be his successor and the company then said that they did not wish to comment on the information in question. After TV4 information Sandvik's stock rose nearly 3 percentage points to +3.9 Percent, when trading was halted shortly after noon. Any indication of when trading resumed has not yet been announced. In view of the change of CEO, Sandvik tomorrow, Tuesday, keeping a conference call for media and analysts at 09.00. Louise Thorslund mailto: louise.thorslund@six-group.se www.blogg.six.seSIXNews SIX News
No comments:
Post a Comment