STOCKHOLM, Sweden — Klas Forsström has been appointed the new president for Sandvik's Machining Solutions business area and a member of the executive management group.
Forsström, 49, has been with the Sandvik group for approximately 25 years. He is currently the president of Sandvik Coromant, a global supplier of metal cutting tools, where he has worked most of his career. In addition, he has held managerial positions within other product areas such as Dormer and Sandvik Hard Materials (today Sandvik Hyperion). His work has comprised leading positions within several areas; R&D, marketing, business development and sales.
"I am pleased that Klas Forsström will take on this new role since he is a very skilled and experienced business leader, which he has proved during many successful years with among others Sandvik Coromant," said Sandvik president and CEOBjörn Rosengren. "Now he gets a responsibility to lead the entire development of Sandvik Machining Solutions."
Forsström starts in his new position April 1. He succeeds Jonas Gustavsson, who at the same time leaves the company for an external position. The recruitment of a new head of Sandvik Coromant has been initiated and for the time being, Forsström remains also in this position.
Sandvik Machining Solutions, comprising Sandvik Coromant, Seco Tools, Dormer Pramet, Walter, Powder and Blanks Technology as well as the new product area Additive Manufacturing, had sales of around $3.7 billion and approximately 18,000 employees in the previous year.