Alrik Danielson to step down as President and CEO during 2021
Gothenburg, 16 November 2020: The Board of AB SKF and Alrik Danielson have jointly agreed that Alrik Danielson will leave his role as President and CEO in 2021, a role he has held since January 2015. The Board has started the process of recruiting a new President and CEO.
Hans Stråberg, Chairman of the Board of AB SKF, says: “I would like to warmly thank Alrik Danielson for his contributions to SKF during his 25 years in the company and especially for his time as President and CEO. He has implemented major and important changes that have positioned SKF very well for the future. The Board, together with Alrik Danielson, have made the assessment that now is the right time to identify a new President and CEO who can continue to execute SKF’s strategy.”
Alrik Danielson, President and CEO, says: “SKF is a fantastic company and it is a privilege to work with such dedicated colleagues. I know that SKF will continue to be successful in the future.”
The Board has initiated a recruitment process to identify a new President and CEO who can continue to deliver on the Company's strategy. Alrik Danielson will continue in his current role until a successor is in place, contributing to a smooth transition.
Aktiebolaget SKF
(publ)
This is information that AB SKF is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 18:15 CET on 16 November 2020.
For further information, please contact:
PRESS: Theo Kjellberg, Director, Press Relations
tel: 46 31 337 6576, mobile: 46 725-776576, e-mail: theo.kjellberg@skf.com
INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com
SKF’s mission is to be the undisputed leader in the bearing business. SKF offers solutions around the rotating shaft, including bearings, seals, lubrication, condition monitoring and maintenance services. SKF is represented in more than 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2019 were SEK 86 013 million and the number of employees was 43,360. www.skf.com
® SKF is a registered trademark of the SKF Group.