Mats Backman has been appointed Executive Vice President and CFO of Sandvik and member of the Group Executive Management, effective 1 October 2013. Mats Backman is currently Vice President Finance, IT and Business Development for the business area Sandvik Machining Solutions. He has held leading positions at Sandvik since 2007 and previously held leading positions with Outokumpu, Nordea and Boliden.

"Mats Backman has extensive experience from relevant industries and companies. With this strong background and experience base, he is a highly suitable person to continue the work to take our finance function forward. He will also take a leading role in driving the further progress of the Sandvik Group in general", said Olof Faxander, President and CEO of Sandvik.