Changes in Group Management to accelerate strategic transformation and profitable growth

Release Time：06 Feb,2024

<p style="text-align: center;"><img src="/ueditor/php/upload/image/20240206/1707234090106279.png" title="1707234090106279.png" alt="3.png"/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">As a consequence of SKF accelerating its strategic transformation to drive profitable growth, the leadership in two of the industrial regions, Americas and India and Southeast Asia, will change with immediate effect.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">”In times of transformation, adding new perspectives is sometimes necessary. Americas and ISEA have accomplished a lot, but with new leadership in both regions, we aimtofind new opportunities and tobecome even more competitive and increase speed in our journey,” says Rickard Gustafson, President and CEO.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Manish Bhatnagar, the current President, Industrial Region India and Southeast Asia (ISEA) is appointed the new President, Industrial Region Americas. Manish will be located in Landsdale, USA, and begin his new position as of today.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">As a consequence, Fredrik Hallen, Director Finance, Controlling, IT &amp; Digitalization in Industrial Region ISEA, will take interim charge as President for the ISEA region. A permanent successor is expected to be in place during the spring.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">John Schmidt, the current President, Industrial Region Americas, will leave SKF to continue his career outside SKF. He will remain in an advisory role during a brief transition period.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">“On behalf of SKF I would like to thank John for his valuable contribution during many years of employment and I wish him all the best in future. I also take the opportunity to welcome Manish to his new role,” says Rickard Gustafson.</span></p><p><br/></p>