Sandvik Management

Management criteria checks 3/4

Sandvik's CEO is Stefan Widing, appointed in Feb 2020, has a tenure of 4.17 years. total yearly compensation is SEK39.49M, comprised of 40% salary and 60% bonuses, including company stock and options. directly owns 0.005% of the company’s shares, worth €1.27M. The average tenure of the management team and the board of directors is 3.3 years and 6.9 years respectively.

Key information

Stefan Widing

Chief executive officer

kr39.5m

Total compensation

CEO salary percentage	40.0%
CEO tenure	4.2yrs
CEO ownership	0.005%
Management average tenure	3.3yrs
Board average tenure	6.9yrs

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
Mar 31 2024	n/a	n/a	kr13b
Dec 31 2023	kr39m	kr16m	kr15b
Sep 30 2023	n/a	n/a	kr14b
Jun 30 2023	n/a	n/a	kr14b
Mar 31 2023	n/a	n/a	kr13b
Dec 31 2022	kr30m	kr15m	kr13b
Sep 30 2022	n/a	n/a	kr13b
Jun 30 2022	n/a	n/a	kr13b
Mar 31 2022	n/a	n/a	kr14b
Dec 31 2021	kr31m	kr14m	kr13b
Sep 30 2021	n/a	n/a	kr12b
Jun 30 2021	n/a	n/a	kr12b
Mar 31 2021	n/a	n/a	kr10b
Dec 31 2020	kr18m	kr11m	kr9b

Compensation vs Market: Stefan's total compensation ($USD3.61M) is below average for companies of similar size in the German market ($USD5.66M).

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

CEO

Stefan Widing (46 yo)

4.2yrs

Tenure

kr39,488,024

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	4.2yrs	kr39.49m	0.0052% SEK 1.3m
Cecilia Felton	Executive VP & CFO	2.4yrs	no data	0.00040% SEK 97.5k
Sofia Sirvell	Executive VP	3.3yrs	no data	no data
Louise Tjeder	Head of Investor Relations & VP	no data	no data	no data
Åsa Maria Thunman	Executive VP	9.5yrs	no data	0.00044% SEK 107.2k
Björn Roodzant	Head of Group Communications & Sustainability	less than a year	no data	no data
Johan Kerstell	Executive VP & Head of Human Resources	7.8yrs	no data	0.0025% SEK 616.6k
Nadine Crauwels	President of Sandvik Machining Solutions Business Area Segment	4.3yrs	no data	0.00082% SEK 199.8k
Mats Eriksson	President of Business Area Sandvik Mining & Rock Solutions	no data	no data	0.00022% SEK 53.6k
Richard Harris	President of Sandvik Rock Processing Solutions	1.5yrs	no data	0.00098% SEK 238.8k
Mattias Nilsson	President of Sandvik Manufacturing Solutions Business Area segment	less than a year	no data	0.00028% SEK 68.2k
Mathias Johansson	President of the Design & Planning Automation Division	no data	no data	no data

3.3yrs

Average Tenure

52.5yo

Average Age

Experienced Management: SVKB's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Stefan Widing	President	4yrs	kr39.49m	0.0052% SEK 1.3m
Helena Stjernholm	Director	8yrs	kr1.25m	0.22% SEK 52.6m
Percy Barnevik	Honorary Chairman	no data	no data	no data
Claes Boustedt	Independent Director	8.9yrs	kr1.27m	0.080% SEK 19.4m
Kai Warn	Independent Director	4yrs	kr897.00k	0.00096% SEK 234.0k
Johan Molin	Independent Chairman of the Board	8.9yrs	kr3.45m	0.076% SEK 18.5m
Jennifer Allerton	Independent Director	8.9yrs	kr770.00k	0.00080% SEK 195.0k
Marika Fredriksson	Director	6.9yrs	kr770.00k	0.00020% SEK 48.7k
Thomas Andersson	Employee Representative Director	2yrs	no data	no data
Andreas Nordbrandt	Independent Director	3yrs	kr770.00k	0.00011% SEK 26.8k
Thomas Lilja	Employee Representative Director	8.3yrs	no data	0.00041% SEK 99.9k
Erik Knebel	Employee Representative Deputy Director	3yrs	no data	0% SEK 0

6.9yrs

Average Tenure

60.5yo

Average Age

Experienced Board: SVKB's board of directors are considered experienced (6.9 years average tenure).

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)

Independent Director recently bought €8.4m worth of stock

Director recently bought €32m worth of stock

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

Director recently bought €31m worth of stock

Recent updates

Upcoming dividend of kr5.50 per share

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) Implements Restructuring Program to Continue to Strengthen Operational Efficiency

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

Independent Director recently bought €8.4m worth of stock

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

Director recently bought €32m worth of stock

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

Third quarter 2023 earnings released: EPS: kr3.11 (vs kr2.70 in 3Q 2022)

Now 20% undervalued after recent price drop

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

Director recently bought €31m worth of stock

Second quarter 2023 earnings released: EPS: kr2.65 (vs kr2.11 in 2Q 2022)

President recently bought €134k worth of stock

Upcoming dividend of kr5.00 per share at 2.3% yield

High number of new directors

Director recently bought €18m worth of stock

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.

Insider recently sold €99k worth of stock

Full year 2022 earnings released: EPS: kr10.24 (vs kr11.54 in FY 2021)

Sandvik AB (publ) Proposes Dividend

Executive VP recently sold €127k worth of stock

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

Third quarter 2022 earnings released: EPS: kr2.70 (vs kr2.87 in 3Q 2021)

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

Upcoming dividend of kr4.75 per share

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

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

Investor sentiment deteriorated over the past week

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.

Insider recently sold €254k worth of stock

Independent Director recently bought €218k worth of stock

Third quarter 2021 earnings released: EPS kr3.12 (vs kr2.54 in 3Q 2020)

Sandvik AB (publ) (OM:SAND) signed an agreement to acquire CNC Software, Inc. from family.

Sandvik AB (publ) (OM : SAND) acquired a 67% stake in Chuzhou Yongpu Carbide Tools Co., Ltd.