Lars Josefsson has been appointed President of the Sandvik Mining and Construction business area and a member of Group Executive Management, effective 1 January 2004. Lars, 50, with a M.Sc. Eng. degree, is currently President of the power generation company Alstom Sweden. He has experience from various executive positions within ABB STAL and ABB. Anders Ilstam, who has been President of the Sandvik Mining and Construction business area since 1998 and a member of Group Executive Management, has been appointed Executive Vice President of Sandvik AB, effective 1 January 2004.
