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 MX$24.18M. 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

SEK 39.5m

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
Dec 31 2023	SEK 39m	SEK 16m	SEK 15b
Sep 30 2023	n/a	n/a	SEK 14b
Jun 30 2023	n/a	n/a	SEK 14b
Mar 31 2023	n/a	n/a	SEK 13b
Dec 31 2022	SEK 30m	SEK 15m	SEK 13b
Sep 30 2022	n/a	n/a	SEK 13b
Jun 30 2022	n/a	n/a	SEK 13b
Mar 31 2022	n/a	n/a	SEK 14b
Dec 31 2021	SEK 31m	SEK 14m	SEK 13b
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 ($USD3.61M) is below average for companies of similar size in the MX market ($USD5.88M).

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

CEO

Stefan Widing (46 yo)

4.2yrs

Tenure

SEK 39,488,024

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	SEK 39.49m	0.0052% SEK 24.2m
Cecilia Felton	Executive VP & CFO	2.4yrs	no data	0.00040% SEK 1.9m
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 2.0m
Björn Roodzant	Executive VP and 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 11.7m
Nadine Crauwels	President of Sandvik Machining Solutions Business Area Segment	4.3yrs	no data	0.00082% SEK 3.8m
Mats Eriksson	President of Business Area Sandvik Mining & Rock Solutions	no data	no data	0.00022% SEK 1.0m
Richard Harris	President of Sandvik Rock Processing Solutions	1.5yrs	no data	0.00098% SEK 4.5m
Mattias Nilsson	President of Sandvik Manufacturing Solutions Business Area segment	less than a year	no data	0.00028% SEK 1.3m
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: SAND N's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Stefan Widing	President	4yrs	SEK 39.49m	0.0052% SEK 24.2m
Helena Stjernholm	Director	8yrs	SEK 1.25m	0.22% SEK 998.7m
Percy Barnevik	Honorary Chairman	no data	no data	no data
Claes Boustedt	Independent Director	8.9yrs	SEK 1.27m	0.080% SEK 369.2m
Kai Warn	Independent Director	4yrs	SEK 897.00k	0.00096% SEK 4.4m
Johan Molin	Independent Chairman of the Board	8.9yrs	SEK 3.45m	0.076% SEK 350.7m
Jennifer Allerton	Independent Director	8.9yrs	SEK 770.00k	0.00080% SEK 3.7m
Marika Fredriksson	Director	6.9yrs	SEK 770.00k	0.00020% SEK 926.3k
Thomas Andersson	Employee Representative Director	2yrs	no data	no data
Andreas Nordbrandt	Independent Director	3yrs	SEK 770.00k	0.00011% SEK 509.4k
Thomas Lilja	Employee Representative Director	8.3yrs	no data	0.00041% SEK 1.9m
Erik Knebel	Employee Representative Deputy Director	3yrs	no data	0% SEK 0

6.9yrs

Average Tenure

60.5yo

Average Age

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

Sandvik Management

Management criteria checks 3/4

Key information

Recent management updates

Sandvik AB (publ), Annual General Meeting, Apr 29, 2025

Sandvik AB (Publ) Announces Appointments to Nomination Committee for the 2025 Annual General Meeting

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

Director recently bought Mex$577m worth of stock

Recent updates

Sandvik AB (publ), Annual General Meeting, Apr 29, 2025

Sandvik AB (Publ) Announces Appointments to Nomination Committee for the 2025 Annual General Meeting

Sandvik AB (publ) (OM:SAND) agreed to acquire Universal Field Robots Pty Ltd

Metso Comments on Market Rumors

Metso Dismisses Speculations over Deal with Sandvik

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) Implements Restructuring Program to Continue to Strengthen Operational Efficiency

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 Q3, 2024 Results on Oct 21, 2024

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

Director recently bought Mex$577m worth of stock

Second quarter 2023 earnings released: EPS: kr2.65 (vs kr2.10 in 2Q 2022)

President recently bought Mex$2.5m worth of stock

Employee Representative Director recently bought Mex$115k worth of stock

Employee Representative Director recently bought Mex$115k worth of stock

President recently bought Mex$192k worth of stock

Investor sentiment deteriorates as stock falls 21%

High number of new directors

High number of new directors

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 Mex$2.0m 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 Mex$2.6m worth of stock

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

Investor sentiment improved over the past week

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: EPS: kr2.10 (vs kr2.52 in 2Q 2021)

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.

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 deteriorated over the past week

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

Less than half of directors are independent

Less than half of directors are independent

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

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.