Sandvik announces organisational restructure and new executive management
July 20, 2020
Sandvik AB, Stockholm, Sweden, has announced plans to restructure its Sandvik Machining Solutions business area, adding two business area segments from October 2020.
A new business area segment will consist of the current divisions of Sandvik Coromant, Seco Tools, Walter, Dormer Pramet and Wolfram. This segment will take the name Sandvik Machining Solutions, and is to be headed by Nadine Crauwels, current president of Sandvik Coromant.
Sandvik announced that Crauwels will be appointed as a new member of the Sandvik Group executive management effective October 1, 2020. Crauwels has been president of Sandvik Coromant since 2017, and since 2000 has had several management positions within Sandvik Coromant.
“I am happy and proud to take on the role as head of the newly formed business area segment and I look forward to further building on the unique strengths we have in our various divisions,” stated Crauwels.
A second business area segment will be formed under the name of Sandvik Manufacturing Solutions, consisting of the divisions Applied Materials Technology and Additive Manufacturing. This segment will be led by Lars Bergström, current Sandvik Machining Solutions business area president, until his retirement at the end of 2020, after which Stefan Widing, Sandvik’s president and CEO, will be responsible for the segment during a transition period. Bergström will continue to be a member of the Sandvik Group executive management until January 1, 2021.
As a consequence of the changes, as of October 1, 2020, Widing will take over responsibility as president for the business area, which will be known as Sandvik Manufacturing and Machining Solutions as of January 1, 2021.
“The new organisation aims to further increase focus on the growth opportunities within both our core area of metal cutting and within adjacent areas such as software solutions and services for the wider component manufacturing industry,” stated Widing.
“I see great potential in exploring new opportunities within a manufacturing industry that becomes more digital and connected, and our new structure will ensure that we capture the potential in a lean and swift way,” he concluded.
According to the company, the organisational change does not affect Sandvik’s other two business areas, nor does it affect reported figures for the business areas in the Sandvik Group.
