Peter Gossas, President of Sandvik Materials Technology, will retire at the age of 62, leaving the Sandvik Group on 31 May 2011. Jonas Gustavsson, the current President of the Wire and Heating Technology product area within Sandvik Materials Technology, will succeed Gossas as the new President of the business area effective 1 May 2011. On that same date, he will also become a member of Sandvik’s Group Executive Management. Gustavsson holds an M. Sc. in Mechanical Engineering from Luleå Technical University, in addition to years of industry experience from senior positions within and outside of Sandvik. He previously served as General Manager of the Tube operations within Sandvik Materials Technology in Sweden and also maintained the position of Vice President Operations at Bombardier Recreational Products in Austria.