Finland-based drilling equipment manufacturer Sandvik has reshuffled its executive management.
Anders Thelin, president of Sandvik Venture area of the group, with overall responsibility for research and development activities will retire.
Tomas Nordahl, head of IT, sourcing and strategy will step into the role of Sandvik Venture president.
Olle Wijk, chairman of the research and development board and director of technology and research will assume overall responsibility for research and development. He will keep hold of his current responsibilities. He will also become a member of the group executive management team, which already includes Nordahl.
All changes will be in effect by 1 November 2012. Olof Faxander, president and CEO added, “I would like to take this opportunity to express my deepest gratitude to Anders Thelin, who over a period of 35 years has used his strong and committed leadership skills as the President of various business areas and as a member of Group Executive Management to make a very tangible contribution to Sandvik’s successes.”