Sandvik’s Board of Directors has announced Stefan Widing as the company’s new President and CEO, effective February 1, 2020. The appointment follows the previous announcement that current President and CEO, Björn Rosengren, will leave the company.
Widing has served as Executive Vice President of Assa Abloy and President of HID Global Corporation, a technology division within Assa Abloy, since 2015. He holds an MSc in Applied Physics and Electrical Engineering and a bachelor’s degree in Business Administration. Formerly, he served as General Manager for Assa Abloy’s Shared Technologies, and before that 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 organisations and businesses, both organically and through acquisitions,” stated Johan Molin, Chairman of the Sandvik Board of Directors.
“In addition, his competence in advanced technologies and experience from leading digital transformations will be another valuable asset to Sandvik,” he continued. “Stefan definitely has the capabilities needed to continue the decentralised way of working and to ensure Sandvik’s future development.”
“I really look forward to joining Sandvik,” Widing commented. “I’m convinced that such a technologically advanced industrial group, recognised 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.”