Thomas Schulz is Leaving Sandvik

  Thomas Schulz is Leaving Sandvik

Business Wire

SANDVIKEN, Sweden -- December 03, 2012

Regulatory News:

Thomas Schulz, President of Sandvik Construction (STO:SAND) and member of the
Group Executive Management, is leaving Sandvik for a position as CEO with the
global engineering company FLSmidth & Co A/S, based in Copenhagen, Denmark.
Thomas Schulz has worked for Sandvik since 2001 and held various positions
within the construction business.

"I want to express my sincere gratitude for Thomas Schulz’s contributions to
Sandvik and wish him the best of luck in his new position", says Sandvik’s
President and CEO, Olof Faxander.

The search for a successor has been initiated.

Stockholm, 3 December 2012 Sandvik Aktiebolag

Sandvik AB discloses the information provided herein pursuant to the
Securities Markets Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 15.00 CET on 3 December 2012.

Sandvik Group

Sandvik is a global industrial group with advanced products and world-leading
positions in selected areas – tools for metal cutting, equipment and tools for
the mining and construction industries, stainless materials, special alloys,
metallic and ceramic resistance materials as well as process systems. In 2011
the Group had about 50,000 employees and representation in 130 countries, with
annual sales of more than 94,000 MSEK.

This information was brought to you by Cision http://www.cisionwire.com

Contact:

Magnus Larsson
Vice President Investor Relations, Sandvik AB
tel: +46 8456 12 40
or
Pär Altan
Vice President Group External Communications
Sandvik AB
tel: +46 8456 12 37
 
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