Christophe Sut new member of Sandvik's Group Executive Management

Rhea-AI Summary

Sandvik has appointed Christophe Sut as the new President of the Sandvik Manufacturing Solutions Business Area Segment and member of the Group Executive Management, effective January 1, 2022. Christophe Sut has previously served as Executive Vice President at ASSA ABLOY Global Solutions, focusing on creating digital offerings and recurring revenue streams. CEO Stefan Widing expressed confidence in Sut's leadership and experience to drive growth and add value to Sandvik's strategies moving forward.

Positive

• Appointment of Christophe Sut as President of Sandvik Manufacturing Solutions is expected to enhance growth strategies.
• Sut brings extensive experience in digital solutions and recurring revenue business models, which are vital for Sandvik's future.

Negative

• None.

SANDVIKEN, Sweden, July 8, 2021 /PRNewswire/ -- Sandvik has appointed Christophe Sut as President of the Sandvik Manufacturing Solutions Business Area Segment and a new member of the Sandvik Group Executive Management, effective no later than 1 January 2022.

Christophe Sut is since 2016 the Executive Vice President and Head of ASSA ABLOY Global Solutions, a business unit within division Global Technologies. Chistophe Sut has a background from leading businesses targeting many different customer verticals, where a strong focus has been to create digital offerings and business models with recurring revenue, growing both organically and through acquisitions.

"I am convinced that Christophe's extensive experience in establishing profitable growing businesses, focusing on digital solutions based on an existing core hardware business, will be exactly what we need for Sandvik Manufacturing Solutions and our growth plans going forward. Christophe has a background in marketing, a strong customer focus, a solid understanding of technology, and excellent leadership skills. I'm confident that he will add substantial value as a member of the Group Executive Management, as well as to the Sandvik Manufacturing Solutions' leadership team," says Stefan Widing, President and CEO of Sandvik.

Christophe Sut's previous experience includes several different roles within ASSA ABLOY, as well as positions within the Niscayah Group, ITW Group and SAM Outillage. He was born in 1973 and is from France, but also has a Swedish citizenship.

Stockholm, 8 July 2021

Sandvik AB

For further information, contact Louise Tjeder, Vice President Investor Relations, phone: +46 70 782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 70 721 10 08.

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SOURCE Sandvik

FAQ

Who is Christophe Sut in relation to Sandvik?

Christophe Sut has been appointed as the President of the Sandvik Manufacturing Solutions Business Area Segment and a member of the Group Executive Management, effective January 1, 2022.

What experience does Christophe Sut bring to Sandvik?

Christophe Sut has significant experience in establishing profitable growing businesses, particularly in digital solutions and recurring revenue models, gained from his previous role at ASSA ABLOY.

When will Christophe Sut officially start his role at Sandvik?

Christophe Sut will officially start his role as President of Sandvik Manufacturing Solutions on January 1, 2022.

What does the appointment of Christophe Sut mean for Sandvik's future?

The appointment is expected to enhance Sandvik's growth strategies, particularly in digital offerings and recurring revenue, aligning with the company's long-term goals.