Sandvik

Board/Management Information • Sep 26, 2022

Sandvik appoints new President of business area Sandvik Mining and Rock Solutions

Sandvik has appointed Mats Eriksson as President of business area Sandvik Mining and Rock Solutions (SMR) and new member of the Sandvik Group Executive Management, effective October 1, 2022. He is currently President of Load and Haul, a division within Sandvik Mining and Rock Solutions.

"Mats Eriksson is an experienced international leader who has successfully delivered strong results and growth for the Load and Haul division. He has also been instrumental in the development of our world-leading offering of battery-electric vehicles. Mats Eriksson has a strong track record of developing high-performing leaders and organizations, and I am confident that he with his solid background and capabilities will be a great President of the Sandvik Mining and Rock Solutions business area," says Stefan Widing, President and CEO of Sandvik.

Mats Eriksson was born in 1962 and is a Finnish national. He joined Sandvik in 2016, when he assumed the position as President of the Load and Haul division. His previous experience includes being President and CEO for two listed companies, Cencorp Oyj and Salcomp Oyj. Additionally, he has held leading positions for several other companies, building businesses and operations in countries such as Singapore, Malaysia, China, India, U.S., Brazil and South Korea.

Stockholm, September 26, 2022

Sandvik AB

For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008.

Sandvik Group

Sandvik is a global, high-tech engineering group providing solutions that enhance productivity, profitability and sustainability for the manufacturing, mining and infrastructure industries. We are at the forefront of digitalization and focus on optimizing our customers' processes. Our world-leading offering includes equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. In 2021 the Group had approximately 39,000 employees and revenues of about 86 billion SEK in about 150 countries within continuing operations.

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