The Sandvik Board intends to propose the distribution and listing of its business area Sandvik Materials Technology (SMT) at a shareholders’ meeting next year, with the target to complete the listing in Q2 or Q3 of 2022, subject to shareholder approval.
As part of this process, the Sandvik Board of Directors has appointed Andreas Nordbrandt as Chairman of the Board of SMT. Additionally, Claes Boustedt and Karl Åberg have been appointed as members of the SMT Board of Directors.
Andreas Nordbrandt has extensive operative experience from a global industrial environment, particularly within international mining. He worked at Atlas Copco Group and Epiroc Group 1995-2018, where he held several leading positions.
Claes Boustedt has been Executive Vice president of L E Lundbergföretagen AB since 1997 and President of L E Lundberg Kapitalförvaltning AB since 1995. He is also a Board member of Hufvudstaden AB and Förvaltnings AB Lunden.
Karl Åberg has been Head of Investments and Analysis at Industrivärden AB since 2017. His previous experience includes being a partner at Zeres Capital, where he was also a co-founder, and partner at Capman Public Market.