Sandvik appoints first three members of SMT Board prior to listing

Companies & MarketsNews
November 9, 2021

November 9, 2021

Sandvik AB, Stockholm, Sweden, reports that, as previously announced, the Sandvik Board intends to formally propose the distribution and listing of its business area Sandvik Materials Technology (SMT) at a shareholders’ meeting next year, with the target to complete the listing in the second or third quarter of 2022, subject to shareholder approval. The listing is planned to be made at the Nasdaq Stockholm Exchange.

As part of this process, the Sandvik Board of Directors has appointed Andreas Nordbrandt as chairman of the board of SMT. Additionally, Claes Boustedt and Karl Åberg have been appointed as members of the SMT Board of Directors. Additional members of the SMT Board will be appointed at a later stage to fulfil any requirements and ensure a suitable board composition.

Nordbrandt holds an MSc in Mechanical Engineering and Hydraulics and is a member of the Sandvik AB Board of Directors. He has operative experience from a global industrial environment, particularly within international mining. He previously worked at Atlas Copco Group and Epiroc Group from 1995–2018, where he held several leading positions.

Boustedt has an MSc in Business and Economics and is a member of the Sandvik AB Board of Directors, as well as chairman of the Audit Committee. He has been executive vice president of LE Lundbergföretagen AB since 1997, and president of LE Lundberg Kapitalförvaltning AB since 1995. He is also a board member of Hufvudstaden AB and Förvaltnings AB Lunden.

Åberg holds an MSc in Economics and Business Administration and has been Head of Investments and Analysis at Industrivärden AB since 2017. His previous experience includes being a partner at Zeres Capital, where he was also a co-founder, and partner at Capman Public Market.

www.home.sandvik/en

Companies & MarketsNews
November 9, 2021

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • “Scrap is the new gold” and other hardmetal and hard materials insights from Euro PM2023 Congress, Lisbon
  • IperionX: A Powder Metallurgy route to lower-cost recycled titanium plate, billet, bar and preforms with reduced CO2 emissions
  • A review of the sintering of iron-copper-carbon alloys for structural Powder Metallurgy applications

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link