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October 29, 2001
Stockholm, Sweden, October 29, 2001 - Åke Sundby has been appointed President Atlas Copco Electric Tools Division in Germany, effective April 18, 2002.
Åke Sundby has more than 20 years of experience from the hand-tool industry. He is currently Managing Director for Bahco Tools in Sweden and for Belzer GmbH in Germany. Sundby, received his B.Sc. degree in Business and Administration from the Gothenburg School of Economics, Sweden, and since 1980 has held various positions in the Sandvik Saws and Tools Division, now named Bahco Group AB. “Åke has restructured Bahco’s and Belzer’s operations in Sweden, Germany, and Argentina and has created a strong, profitable company for mechanics’ hand tools and hand tools for electronic assembly,” said Göran Gezelius, Senior Executive Vice President of Atlas Copco AB and head of the Industrial Technique business area. “I have several years of experience from the German hand-tool industry and look forward to moving from hand tools to power tools,” Sundby commented upon his appointment. “In Germany, I worked with rationalization and restructuring of manufacturing. Most of my career, however, I have spent in marketing.” “I am sure Åke’s management expertise and profound industry knowledge will lead Atlas Copco Electric Tools to a path of growth, profit, and pride,” Gezelius said. CONTACT: Göran Gezelius, Senior Executive Vice President, Industrial Technique Phone +46-8-743 8505, [email protected] Marianne Hamilton, Senior Vice President, Organizational Development and Management Resources Phone +46-8-743 8590, mobile +46 70 665 8590, [email protected] Atlas Copco Electric Tools GmbH, based in Winnenden, Germany, is a division in the Atlas Copco Group. It manufactures and sells professional electric power tools under the Atlas Copco and AEG brands. The division is part of the Industrial Technique business area. Atlas Copco is an international group of industrial companies with its head office in Stockholm, Sweden. In 2000, the Group had revenues of more than SEK 46 billion, with 98 percent of revenues outside Sweden, and more than 26,000 employees. Atlas Copco companies develop, manufacture, and market industrial and professional tools, compressed air equipment, construction and mining equipment, and assembly systems and offer related service and equipment rental. For additional information go to www.atlascopco-group.com.