Stefan Widing has been named president and CEO for Sandvik, as of 1 February 2010. He will succeed Björn Rosengren, who is leaving Sandvik at the same time, as previously announced.

Mr Widing has been serving as executive vice president of Assa Abloy and president of HID Global Corporation, a technology division within Assa Abloy, since 2015. Prior to his current role, Mr Widing was general manager for Assa Abloy’s Shared Technologies and before 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 organisations 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 decentralised way of working and to ensure Sandvik’s future development,” said Johan Molin, chairman of the Sandvik board of directors.

"I really look forward to joining Sandvik. 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,” commented Mr Widing.