SKF announces new organisational structure

December 9, 2014

Sweden’s SKF has announced it will merge its two industrial business areas, Strategic Industries and Regional Sales and Service to create a new Industrial Market division. As of January 1, 2015, SKF will operate through three business areas: Industrial Market, Automotive Market and Specialty Business.

“SKF has developed into a Knowledge Engineering Company over a number of years, successfully growing our business and improving profitability. The new, simplified organisational structure is a logical next step in our development and will strengthen our customer focus,” stated Tom Johnstone, President and CEO.

Alrik Danielson, the company’s President and CEO from 1 January 2015, will also take up the role of President, Industrial Market. “The Industrial Market business area represents approximately two-thirds of our total sales and a significant part of our profits. It is a vital part of our business and I have therefore decided to personally take responsibility for it within the Group, ensuring a smooth integration and that customers continue to benefit from the knowledge built up by our many years of investment,” stated Danielson.

Stephane Le-Mounier will lead the Automotive Market business area from 1 January 2015 and Patrick Tong has been appointed President, Specialty Business and a member of SKF’s Group Management.

In conjunction with the reorganization, Rakesh Makhija and Vartan Vartanian, Presidents of the current Strategic Industries and Regional Sales and Service business areas, will leave SKF’s Group Management. Both will continue as senior advisors, supporting the CEO during the reorganisation process.

www.skf.com  


Powder Metallurgy Review magazine:

Your email address:


Useful links: Download PM Review magazine | News headlines | Browse articles 


Recent issue of Powder Metallurgy review - your go-to resource to stay updated on the world of powder metallurgy and metal powders

In the latest issue of PM Review…

PM Review Spring 2023

Download PDF

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

  • GKN Powder Metallurgy: A strategic vision for the future of permanent magnets for EVs
  • Building trust in the Powder Metallurgy industry: The role of standardisation and an update on recent work by ISO/TC 119
  • High-volume powder production for Additive Manufacturing: SMS group’s continuous metal powder production process
  • Development of enhanced-performance PM brake pads for high-speed trains by Beijing Tianyishangjia New Material Corp., Ltd.
  • The START project: Creating a sustainable supply chain for green energy harvesting products by Powder Metallurgy
  • World PM2022: Reviewing three innovative methods for metal powder production

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

From the industry…

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
Download PDF
Share via
Copy link