Stockholm, Sweden, April 28, 2008: Mats Rahmström has been appointed Business Area President for the Industrial Technique business area and Senior Executive Vice President of Atlas Copco AB, as of June 1, 2008. He will succeed Fredrik Möller, who takes up a position outside the Group.
The Industrial Technique business area consists of five divisions in the product areas industrial power tools and assembly systems. In 2007, total revenues for these divisions were MSEK 6 871.
“Mats has a broad international experience and has acquired extensive knowledge about our business after 20 years within the Group,” says Gunnar Brock, President and CEO of Atlas Copco. “He has also proven good leadership qualities from a number of positions in product companies and customer centers.”
Mats Rahmström started at Atlas Copco in 1988. He is currently President of the Atlas Copco Tools General Industry division within Industrial Technique. Mats Rahmström has previously held positions in sales, service, marketing and general management. Between 1998 and 2006 he has been the General Manager for customer centers in Sweden, Canada and Great Britain.
Mats Rahmström holds an MBA from the Henley Management College, Great Britain.
For further information please contact:
Love Liman, Media Relations
+46 (0)8 743 8060 or +46 (0)73 231 8060
Atlas Copco may be required to disclose the information provided herein pursuant to the Securities Markets Act.
The information was submitted for publication at 09:00 on April 28, 2008.