Sandvik: Changes to Sandvik´s Group Executive Management

  Sandvik: Changes to Sandvik´s Group Executive Management

Business Wire

SANDVIKEN, Sweden -- January 29, 2013

Regulatory News:

Sandvik (STO:SAND) is implementing changes to its Group Executive Management
and appoints new Presidents to two of its business areas.

Jonas Gustavsson, currently President of Sandvik Materials Technology, has
been appointed new President of Sandvik Machining Solutions as of 1 February.
Jonas Gustavsson has been with the company since 2008 and previously held
senior positions at ABB and Bombardier. Jonas Gustavsson succeeds Andreas
Evertz who after five years will leave Sandvik to pursue new challenges
outside the company. Sandvik Machining Solutions with around 18000 employees
is a market leader for products and solutions for primarily metal cutting.

Petra Einarsson has been appointed new President of Sandvik Materials
Technology and member of Sandvik´s Group Executive Management as of 1
February. Petra Einarsson is currently head of the Tube product area at
Sandvik Materials Technology. Her career with Sandvik spans 22 years. Sandvik
Materials Technology is specialized in advanced products and solutions based
on high-alloy metals.

“Jonas Gustavsson and Petra Einarsson have a track record of improved
profitability from Sandvik Materials Technology. Petra Einarsson will leverage
the positive momentum generated at the business area. I wish Andreas Evertz
the best of luck in his future career. Sandvik Machining Solutions has
developed a solid and successful strategy under his leadership. Jonas
Gustavsson, with his proven background as a successful leader, will focus on
further developing Sandvik Machining Solutions and capitalizing on its growth
potential”, says Sandvik´s President and CEO, Olof Faxander.

Stockholm, 29 January, 2013

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 07:45 CET on 29 January 2013.

The 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 2012 the Group had about 49,000 employees and
representation in 130 countries.

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

Contact:

Sandvik AB
Jan Lissåker, Executive Vice President
Group Communications
+46 8456 12 28.
 
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