Olof Faxander appointed new President and CEO of Sandvik
Sandvik’s Board of Directors has appointed Olof Faxander as new President and CEO with effect from 1 February 2011. Olof Faxander will succeed Lars Pettersson who, after nine years as CEO, will leave Sandvik in conjunction with an impending generation shift in the company’s Group Executive Management. The change has been made in light of a homogeneous age structure and allows a new President to personally shape the future executive management team. Olof Faxander was born in 1970 and holds an M. Sc. and B. Sc. He has held the position of President and CEO of SSAB since 2006. Prior to this,