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An announcement from Sandvik AB ( (SE:SAND) ) is now available.
Sandvik has announced that Mats Eriksson, President of its Mining business area, will retire in 2027, stepping down from his executive role and Group Executive Management in 2026 once a successor is appointed, tentatively around 1 July. Eriksson, who joined Sandvik in 2016 and has led the Mining business since 2022, will stay on as a senior advisor and Managing Director for Sandvik Mining and Construction Oy until retirement, ensuring continuity and a structured handover at a time when the mining division is strategically important to the group’s global growth and technology-driven positioning.
The most recent analyst rating on (SE:SAND) stock is a Hold with a SEK365.00 price target. To see the full list of analyst forecasts on Sandvik AB stock, see the SE:SAND Stock Forecast page.
More about Sandvik AB
Sandvik is a global high-tech engineering group serving the manufacturing, mining and infrastructure industries with equipment, tools, services and digital solutions for machining, mining, rock excavation and rock processing. The company focuses on digitalization and process optimization for its customers, and in 2024 it generated about SEK 123 billion in revenue with roughly 41,000 employees across more than 150 countries.
Average Trading Volume: 1,880,030
Technical Sentiment Signal: Buy
Current Market Cap: SEK425.2B
See more data about SAND stock on TipRanks’ Stock Analysis page.