Stefan Widing appointed new Sandvik President and CEO
31 October 2019
Sandvik's Board of Directors has appointed Stefan Widing as the new President and CEO for Sandvik, in effect no later than April 2020. Stefan Widing succeeds Björn Rosengren, who as previously announced, will leave Sandvik as of February 1, 2020.
Widing has been the Executive Vice President of HID Global Corporation, a technology division within Assa Abloy, since 2015. He holds a M. Sc. in Applied Physics and Electrical Engineering, and a bachelor’s degree in Business Administration. Prior to his current role, Widing was the General Manager for Assa Abloy’s Shared Technologies, and prior to that he held various positions in Assa Abloy and SAAB Aerospace.
“We are very pleased that Stefan Widing will take on the position as President and CEO of Sandvik. Stefan is a highly appreciated leader with a solid industrial track record of developing organizations and businesses, both organically and through acquisitions. In addition, his competence in advanced technologies and experience from leading digital transformations will be another valuable asset to Sandvik. Stefan definitely has the capabilities needed to continue the decentralized way of working and to ensure Sandvik’s future development,” says Johan Molin, Chairman of the Sandvik Board of Directors.
"I really look forward to joining Sandvik. I am convinced that such a technologically advanced industrial group, recognized for its very competent employees, has a lot of future potential not the least by further developing within the digital area and exploring new technologies, thereby leveraging efficiency, productivity and sustainability even more for its customers,” says Widing.
In case of that an interim solution is needed, Tomas Eliasson, Executive Vice President and Chief Financial Officer, will be Acting President and CEO for Sandvik.
Press release and image courtesy of Sandvik Group