Rickard Gustafson to join SKF on 1 June 2021

Rhea-AI Summary

The Board of AB SKF has announced the appointment of Rickard Gustafson as the new President and CEO, effective 1 June 2021. This decision follows the earlier announcement made on 11 January 2021. Gustafson's leadership aims to guide SKF through its next phase, succeeding Alrik Danielson, who is set to step down during the same year. This transition marks a significant change in the company’s leadership structure, aiming to enhance strategic direction.

Positive

• Appointment of Rickard Gustafson as President and CEO to provide fresh leadership.
• Transition planned with continuity as the announcement was made months in advance.

Negative

• None.

GOTHENBURG, Sweden, April 28, 2021 /PRNewswire/ -- The Board of AB SKF announces that Rickard Gustafson will join SKF as President and CEO on 1 June 2021, an appointment first announced on 11 January.

Aktiebolaget SKF
      (publ)

Previous press releases:

11 Jan 2021: "Rickard Gustafson appointed President and CEO"  https://investors.skf.com/en/press/rickard-gustafson-appointed-president-and-ceo-1876338

16 Nov 2020: "Alrik Danielson to step down as President and CEO during 2021"

https://investors.skf.com/en/press/alrik-danielson-step-down-president-and-ceo-during-2021-1865126

CONTACT:

For further information, please contact:
PRESS: Theo Kjellberg, Director, Press Relations
tel: 46 31 337 6576, mobile: 46 725-776576, e-mail: theo.kjellberg@skf.com

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skf/r/rickard-gustafson-to-join-skf-on-1-june-2021,c3335792

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Rickard Gustafson

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SOURCE SKF

FAQ

Who is Rickard Gustafson and when is he starting at SKF?

Rickard Gustafson is appointed as President and CEO of SKF, starting on 1 June 2021.

What is the significance of Rickard Gustafson's appointment for SKF's future?

His appointment is expected to guide SKF through its next strategic phase, following the tenure of Alrik Danielson.

When was Rickard Gustafson's appointment first announced?

Rickard Gustafson's appointment was first announced on 11 January 2021.

Who did Rickard Gustafson replace as CEO of SKF?

Rickard Gustafson replaces Alrik Danielson, who will step down in 2021.

What company does the stock symbol SKFRY refer to?

The stock symbol SKFRY refers to AB SKF.