General Counsel Åsa Thunman to leave Sandvik
Rhea-AI Summary
Sandvik (SDVKY) announced that Åsa Thunman, Executive Vice President and General Counsel, will depart from the company to join Swedish construction group Skanska in a similar role. Thunman, who has served in her current position and as a member of the Group Executive Management since 2014, will remain with Sandvik until July 8, 2025 at the latest.
The company has initiated a recruitment process to find her successor. CEO Stefan Widing acknowledged Thunman's contributions in developing the legal organization and her role in the Group Executive Management.
Positive
- None.
Negative
- Loss of experienced executive with 11 years of tenure
- Potential leadership gap in legal department during transition
News Market Reaction – SDVKY
On the day this news was published, SDVKY declined 1.19%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
STOCKHOLM, Jan. 10, 2025 /PRNewswire/ -- Åsa Thunman, Executive Vice President and General Counsel of Sandvik, has decided to leave Sandvik for a corresponding position at the Swedish project development and construction group Skanska. Åsa Thunman, who has been in her current position and a member of the Group Executive Management since 2014, will leave Sandvik no later than July 8, 2025. A recruitment process to find a successor will now be initiated.
"Åsa Thunman has been a highly appreciated colleague, and she has made strong contributions over the years in developing our legal organization and as a member of the Group Executive Management. I wish her all the best for the future as she now moves on to new challenges outside Sandvik," says Stefan Widing, President and CEO of Sandvik.
Stockholm, January 10, 2025
Sandvik AB
For further information, contact Louise Tjeder, VP Investor relations, phone: +46 (0) 70782 6374 or Johannes Hellström, Press and Media Relations Manager, phone: +46 (0) 70721 1008
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https://news.cision.com/sandvik/r/general-counsel-asa-thunman-to-leave-sandvik,c4089790
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General Counsel Åsa Thunman to leave Sandvik |
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