August 17, 2011
Stockholm, Sweden, August 17, 2011: Atlas Copco has appointed Nico Delvaux to be President of the Construction Technique business area and member of Group management, effective October 1, 2011. Nico Delvaux is currently President of the Compressor Technique Service division.
“Nico has good strategic capabilities, a strong commitment in execution and a broad knowledge of our global industrial businesses. These will be great assets for the development of our new Construction Technique business area and for the Atlas Copco Group,” says Ronnie Leten, CEO and President of the Atlas Copco Group.
Nico Delvaux is a Belgian citizen, born 1966, with a degree in Electromechanics from the University of Brussels and an MBA from the Handelshogeschool in Antwerp, Belgium. He started his career with Atlas Copco in 1991 as a quality assurance engineer in the Oil-free Air division in Antwerp. He has managed positions in sales, marketing, aftermarket, quality management, acquisition-integration management and general management, in markets including Benelux, Italy, Canada and the United States. He has held his current position since January 2008.
The Construction Technique business area was formed on July 1, consisting of the divisions Road Construction Equipment, Construction Tools, Portable Energy and Construction Technique Service, with total revenues of BSEK 11.5 in 2010.
Nico Delvaux and his team will have the mission to achieve strong volume growth and profitability through developing the business area’s market presence and by having a continuous flow of innovative products. Nico Delvaux will be based in Antwerp until July 1, 2012, when he will relocate to China.
Daniel Frykholm, Media Relations Manager
46 (0)8 743 8060 or 46 (0)70 865 8060
Atlas Copco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act.
Atlas Copco is an industrial group with world-leading positions in compressors, expanders and air treatment systems, construction and mining equipment, power tools and assembly systems. With innovative products and services, Atlas Copco delivers solutions for sustainable productivity. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 170 countries. In 2010, Atlas Copco had 33 000 employees and revenues of BSEK 70 (BEUR 7.3). Learn more at www.atlascopco.com.
Atlas Copco’s Construction Technique business area provides construction and demolition tools, portable compressors, pumps and generators, lighting towers, and compaction and paving equipment. It offers service through a global network. Construction Technique innovates for sustainable productivity in infrastructure, civil works and road construction projects. Principal product development and manufacturing units are located in Belgium, Germany, Sweden, China and Brazil.