The reason is stated to be missed financial targets, but also ripples after the power struggle that has continued for Sandvik’s main shareholder holding company Industrivärden, which the financier Fredrik Lundberg recently grabbed the gavel.
“Lundberg purged the old guard of Industrivärden Sphere. And he thinks Faxander belong to the group, “says TV4 source.
New President of Sandvik is expected to be Wärtsilä’s CEO Björn Rosengren, said TV4′s source on. A decision is expected later this week.
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