DOW JONES NEWSWIRES

Swedish engineering company Sandvik AB (SAND.SK) said Friday it has appointed Mats Backman new Chief Financial Officer, effective Oct. 1.

 
   MAIN FACTS:

-Mr. 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 Oyj (OUT1V.HE), Nordea AB (NDA.SK) and Boliden AB (BOL.SK).

-He will succeed Emil Nilsson, who has decided to pursue other opportunities outside Sandvik.

-At 1105 GMT, shares in Sandvik were down 0.1% at SEK91.35 against a 0.2% rise in the wider Stockholm market.

Write to Gustav Sandstrom at gustav.sandstrom@dowjones.com

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