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Sandvik Management

Management criteria checks 3/4

Sandvik's CEO is Stefan Widing, appointed in Feb 2020, has a tenure of 2.67 years. total yearly compensation is SEK30.65M, comprised of 45.9% salary and 54.1% bonuses, including company stock and options. directly owns 0.005% of the company’s shares, worth €890.99K. The average tenure of the management team and the board of directors is 4.5 years and 6 years respectively.

Key information

Stefan Widing

Chief executive officer

SEK 30.6m

Total compensation

CEO salary percentage	45.9%
CEO tenure	2.7yrs
CEO ownership	0.005%
Management average tenure	4.5yrs
Board average tenure	6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Stefan Widing's remuneration changed compared to Sandvik's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2022	n/a	n/a	SEK 14b
Jun 30 2022	n/a	n/a	SEK 14b
Mar 31 2022	n/a	n/a	SEK 15b
Dec 31 2021	SEK 31m	SEK 14m	SEK 14b
Sep 30 2021	n/a	n/a	SEK 12b
Jun 30 2021	n/a	n/a	SEK 12b
Mar 31 2021	n/a	n/a	SEK 10b
Dec 31 2020	SEK 18m	SEK 11m	SEK 9b

Compensation vs Market: Stefan's total compensation ($USD2.74M) is below average for companies of similar size in the German market ($USD4.53M).

Compensation vs Earnings: Stefan's compensation has increased by more than 20% in the past year.

CEO

Stefan Widing (45 yo)

2.7yrs

Tenure

SEK 30,647,783

Compensation

Mr. Stefan Widing has been the President and Chief Executive Officer of Sandvik AB (publ) since February 1, 2020 and serves as its President of Sandvik Manufacturing & Machining Solutions Business Area sin...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Stefan Widing	President	2.7yrs	SEK 30.65m	0.0046% € 891.0k
Cecilia Felton	Executive VP & CFO	less than a year	no data	0.00022% € 42.7k
Louise Tjeder	Head of Investor Relations & VP	no data	no data	no data
Åsa Maria Thunman	Executive VP	8yrs	no data	0.00085% € 165.0k
Jessica Alm	Executive VP and Head of Group Communications & Sustainability	9.3yrs	no data	0.00080% € 155.3k
Johan Kerstell	Executive VP & Head of Human Resources	6.3yrs	no data	0.0019% € 372.7k
Carl Larsson	Head of Real Estate	no data	no data	no data
Bernth Nilsson	Head of Group Staff Assurance	13.5yrs	no data	no data
Nadine Crauwels	President of Sandvik Machining Solutions Business Area Segment	2.8yrs	no data	0.0011% € 219.4k
Christophe Sut	President of Sandvik Manufacturing Solutions Business Area Segment	less than a year	no data	0.00075% € 145.6k
Mats Eriksson	President of Business Area Sandvik Mining & Rock Solutions	no data	no data	no data
Richard Harris	President of Sandvik Rock Processing Solutions	no data	no data	no data

4.5yrs

Average Tenure

50yo

Average Age

Experienced Management: SVKB's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Stefan Widing	President	2.5yrs	SEK 30.65m	0.0046% € 891.0k
Helena Stjernholm	Director	6.5yrs	SEK 1.15m	0.00040% € 77.6k
Percy Barnevik	Honorary Chairman	no data	no data	no data
Kai Warn	Independent Director	2.5yrs	SEK 828.00k	0.00096% € 186.4k
Johan Molin	Independent Chairman of the Board	7.4yrs	SEK 3.15m	0.066% € 12.8m
Jennifer Allerton	Independent Director	7.4yrs	SEK 710.00k	0.00080% € 155.3k
Marika Fredriksson	Director	5.4yrs	SEK 710.00k	0.00020% € 38.8k
Thomas Andersson	Employee Representative Director	no data	no data	no data
Claes Boustedt	Independent Director	7.4yrs	SEK 1.17m	0.0040% € 774.5k
Andreas Nordbrandt	Independent Director	1.5yrs	SEK 710.00k	no data
Thomas Lilja	Employee Representative Director	6.8yrs	no data	0.00039% € 75.7k
Erik Knebel	Employee Representative Deputy Director	1.5yrs	no data	0% € 0

6.0yrs

Average Tenure

59.5yo

Average Age

Experienced Board: SVKB's board of directors are considered experienced (6 years average tenure).

This company listing is no longer active

Sandvik Management

Management criteria checks 3/4

Key information

Recent management updates

Jennifer Allerton Declines Re-Election as Board Member of Sandvik AB (publ)

Jennifer Allerton Declines Re-Election as Board Member of Sandvik AB (publ)

Sandvik AB (publ), Annual General Meeting, Apr 29, 2024

Christophe Sut, President of Sandvik Manufacturing Solutions, to Leave Sandvik as of August 11, 2023

Sandvik AB (Publ) Appoints Mats Eriksson as President of Sandvik Mining and Rock Solutions, Effective from October 1, 2022

Sandvik AB Appoints Nomination Committee for the 2023 Annual General Meeting

Recent updates

Sandvik AB (publ) to Report Q1, 2025 Results on Apr 16, 2025

Sandvik AB (publ) (OM:SAND) acquired PDQ Workholding, LLC.

Sandvik AB (publ) Approves Dividend, Payable on May 7, 2024

Sandvik AB (publ) (OM:SAND) agreed to acquire Almü Präzisions-Werkzeug Gmbh.

Jennifer Allerton Declines Re-Election as Board Member of Sandvik AB (publ)

Sandvik AB (publ) (OM:SAND) completed the acquisition of Cimquest, Inc.

Sandvik AB (publ) signed an agreement to acquire Cimquest, Inc.

Sandvik AB (publ) (OM:SAND) acquired Pro-Micron Gmbh.

Sandvik AB (publ) to Report Fiscal Year 2023 Results on Mar 13, 2024

Sandvik AB (publ) Proposes Dividend for 2023, Payable on May 7, 2024

Jennifer Allerton Declines Re-Election as Board Member of Sandvik AB (publ)

Sandvik AB (publ) (OM:SAND) acquired Esco Gmbh.

Sandvik AB (publ) (OM:SAND) signed an agreement to acquire Buffalo Tungsten, Inc.

Sandvik AB (publ) to Report Q1, 2024 Results on Apr 22, 2024

Sandvik AB (publ), Annual General Meeting, Apr 29, 2024

Christophe Sut, President of Sandvik Manufacturing Solutions, to Leave Sandvik as of August 11, 2023

Sandvik AB (publ) (OM:SAND) acquired 95% stake in Pmt Premier Machine Tools Limited.

Sandvik AB (publ) (OM:SAND) completed the acquisition of Polymathian Pty Ltd.

Sandvik AB (publ) Proposes Dividend

Sandvik AB (publ) (OM:SAND) entered into an agreement to acquire Polymathian Pty Ltd.

Sandvik AB (publ) (OM:SAND) acquired Mining Related Business from Schenck Process Holding GmbH.

Sandvik AB (publ) (OM:SAND) acquired Mining Related Business from Schenck Process Holding GmbH.

Sandvik AB Provides Earnings Guidance for the Year 2022

Sandvik AB (publ) to Report Q4, 2022 Results on Jan 20, 2023

Sandvik AB (Publ) Appoints Mats Eriksson as President of Sandvik Mining and Rock Solutions, Effective from October 1, 2022

Sandvik AB Appoints Nomination Committee for the 2023 Annual General Meeting

Sandvik AB (publ) (OM:SAND) completed the spin-off of Alleima AB (publ) (OM:ALLEI) for SEK 11.04 billion.

Sandvik AB (publ) (OM : SAND) acquired Assets of Balax, Inc from Balax Inc.

Second quarter 2022 earnings released

Sandvik AB (Publ) Announces Executive Changes

Sandvik AB (publ) (OM:SAND) agreed to acquire Frezigest SGPS S.A.

Sandvik AB (publ) (OM:SAND) acquired Akkurate Oy.

Sandvik AB (publ) Announces Cessation of Henrik Ager as President of Sandvik Mining and Rock Solutions

Sandvik AB Announces Resignation of Anders Svensson as President of Business Area Sandvik Rock Processing Solutions

Sandvik AB (publ) (OM:SAND) signed an agreement to acquire Herramientas Preziss Sl.

Executive VP & Head of Human Resources recently bought €60k worth of stock

Sandvik AB (publ) (OM:SAND) agreed to acquire mining-related business of Schenck Process Group from Schenck Process Holding GmbH.

Sandvik AB (publ) (OM:SAND) signed an agreement to acquire Mining Related Business from Schenck Process Holding GmbH.

L E Lundbergföretagen AB (publ) (OM:LUND B) acquired additional 0.04% minority stake in Sandvik AB (publ) (OM : SAND) for SEK 93 million.

Sandvik AB (publ) to Report Q4, 2022 Results on Jan 20, 2023

Sandvik AB (publ) (OM:SAND) completed the acquisition of Deswik Mining Consultants (Australia) Pty Ltd.

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment improved over the past week

Sandvik AB (publ) Appoints Susanne Pahlén Åklundh as a New Member of the Board of SMT

Sandvik AB Names Cecilia Felton as Executive Vice President Effective February 1, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Sandvik AB (publ) (OM:SAND) acquired Dimensional Control Systems, Inc.

Sandvik AB (publ) (OM:SAND) completed the acquisition of GWS Tool Holdings, LLC from L Squared Capital Partners and GWS management.

Sandvik AB (publ) (OM:SAND) completed the acquisition of Kwatani (Pty) Ltd.

Sandvik AB (publ) (OM:SAND) signed an agreement to acquire Deswik Mining Consultants (Australia) Pty Ltd.

Sandvik AB (publ) (OM:SAND) signed an agreement to acquire GWS Tool Holdings, LLC from L Squared Capital Partners and GWS management.

Less than half of directors are independent

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age