President of Sandvik Mining and Rock Technology to leave Sandvik
Lars Engström, President of Sandvik Mining and Rock Technology, will leave Sandvik during 2019 after the appointment of a successor.
Lars Engström has since 2016 been a member of Sandvik Group's Executive Management and headed up the Business Area Sandvik Mining and Rock Technology. He has during this time successfully improved the performance of the Business Area and its divisions in accordance with Sandvik's Group strategy to ensure stability, profitability and growth.
During Lars Engström's leadership Sandvik Mining and Rock Technology's has grown from about 30 to 44 billion SEK in revenues and the operating margin has improved from 10% in the beginning of 2016 to 19% in the fourth quarter 2018.
"I'm very grateful for Lars Engström's contributions to the Group. He has built a successful decentralized organization and significantly strengthened the results of Sandvik Mining and Rock Technology's divisions. However, we have now together reached the conclusion that it's time for a new leadership. We have a lot of good talent in Sandvik so I feel confident that we will have several interested and motivated candidates for the job. At the same time, I'm pleased that Lars will stay onboard to ensure a successful transition before leaving", says Björn Rosengren, Sandvik's President and CEO.
The recruitment process for a new President of Sandvik Mining and Rock Technology will now be initiated and the appointment of the new President announced as soon as it is finalized.
As one of the latest models in the R2-Series excavator lineup, the Bobcat® E88 delivers durability, performance and quality for more productivity. Technically speaking, it's a compact machine, but it brings big performance with its redesigned engine and optimized lift performance, plus undercarriage and counterweight improvements. All these enhancements make this excavator one of the highest-performing models in its size class. With impressive over-the-side lift capacity, you can dig with greater confidence over the side of the machine. Put it to the test against similar models from other manufacturers. You'll see that the E88 can outwork the competition.