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Robert Fassl appointed President of new Atlas Copco Drilling Solutions division

February 19, 2004

Stockholm, Sweden, February 19, 2004—Robert (Bob) Fassl has been appointed President of Atlas Copco Drilling Solutions division, a newly-formed division within Atlas Copco’s Construction and Mining Technique business area. The new division will be formed as a result of the pending acquisition of the Ingersoll-Rand Drilling Solutions business. Fassl’s appointment will be effective from the date of closing the acquisition.

Fassl joined the Atlas Copco Group in 1982. During his career with Atlas Copco, he has held a variety of positions, including General Manager, Service Manager, Supply Manager, Production and Purchasing Manager, in North America, Sweden and Great Britain. Since 1999, Fassl has served as General Manager of Atlas Copco Exploration Products, a Canadian based product company within Construction and Mining Technique.


“Bob has over 20 years experience of the mining and construction industries and, in his current role, has contributed to the growth of exploration products on a world-wide basis,” says Björn Rosengren, Senior Executive Vice President of Atlas Copco AB and head of the Construction and Mining Technique business area. “He has been managing the acquisition process of Ingersoll-Rand Drilling Solutions and will be responsible for its integration into the Atlas Copco Group. I am certain that he is the right person to lead the new division in this period of expansion into new markets.”


Bob Fassl has a college degree in business administration from Ekliden College, Nacka, Sweden. He is a Canadian citizen.



CONTACT:


Björn Rosengren, Senior Executive Vice President, Construction and Mining Technique,

+46 8 743 83 14 or +46 70 417 85 02


Bob Fassl, General Manager, Atlas Copco Exploration Products

+1 705 499 8666