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January 16, 2017
Stockholm, Sweden, January 16, 2017: The Board of Directors of Atlas Copco AB has appointed Mats Rahmström as the new President and CEO of Atlas Copco AB, effective April 27, 2017. He will replace Ronnie Leten, who has requested to leave his position after having managed Atlas Copco successfully during eight years.
“Mats has a strong business focus and is an appreciated leader who is living and breathing the Atlas Copco values,” said Hans Stråberg, Chair of Atlas Copco’s Board of Directors. “During his time as head of Industrial Technique he has transformed the business which has led to a strong profitable growth. I am convinced that we have found a new solid leader inside the company, who can further develop Atlas Copco.”
Mats Rahmström, currently Senior Executive Vice President and President of the Industrial Technique business area, began his Atlas Copco career in 1988. He held positions in sales, service, marketing and general management within Industrial Technique during the first 10 years. Between 1998 and 2006 he held positions as General Manager for customer centers in Sweden, Canada, and then in the United Kingdom. Before he took on his current position in 2008 he was President of the Tools and Assembly Systems General Industry division within Atlas Copco’s Industrial Technique.
He is a board member of Permobil Holding AB and of CIBE Lifts AB.
Mats Rahmström is a Swedish citizen, born in 1965. He has an MBA from the Henley Management College, the United Kingdom. Mats Rahmström will be the 12thPresident and CEO since the company was established in 1873.
“I would like to thank Ronnie for the fantastic development of Atlas Copco during his years as the CEO,” said Hans Stråberg. “The Group is now stronger than ever with an enhanced customer focus and a solid service business in each business area. Further, Atlas Copco has expanded into the completely new field of vacuum.”
Ronnie Leten will resign from the Board of Directors of Atlas Copco AB at the Annual General Meeting on April 26, 2017. The same date he leaves the position as President and CEO of the Atlas Copco Group.
This information is information that Atlas Copco AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 8.30 am CET on January 16, 2017.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2015, Atlas Copco had revenues of BSEK 102 (BEUR 11) and more than 43 000 employees.