Sandvik finds CFO within ranks

SANDVIK Group will internally promote Mats Backman to the position of executive vice president and chief financial officer following the resignation of current CFO Emil Nilsson.

Staff Reporter

In a statement on Friday the company said the move would be made effective on October 1 when Nilsson would leave “to pursue other opportunities outside Sandvik”

Mats Backman is finance, IT and business development VP for Sandvik Machining Solutions.

He has held leading positions at Sandvik since 2007 and previously held leading positions with Outokumpu, Nordea and Boliden.

"Mats Backman has extensive experience from relevant industries and companies,” Sandvik president and chief executive officer Olof Faxander said.

“With this strong background and experience base, he is a highly suitable person to continue the work to take our finance function forward.

“He will also take a leading role in driving the further progress of the Sandvik Group in general.

“I would like to thank Emil Nilsson for his valuable contributions as CFO and for initiating further improvements within our global finance processes. I wish him all the best in his future career.”

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