SKF redesigns Industrial organization to increase competitiveness

Rhea-AI Summary

SKF (OTC:SKFRY) has announced a strategic reorganization of its Industrial business to enhance competitiveness and drive profitable growth. The company is implementing key structural changes including combining Operations and Commercial excellence functions and discontinuing the Independent and Emerging Businesses area, which will be reorganized into Specialized Industrial Solutions.

The reorganization brings several leadership changes in Group Management: Hans Landin becomes President of Specialized Industrial Solutions, Joakim Landholm takes the role of Senior VP Commercial and Operations Development, and Susanne Larsson adds Chief Sustainability Officer to her CFO duties. Thomas Fröst will leave Group Management but remain in an advisory role during transition.

Positive

• Streamlined organizational structure combining Operations and Commercial excellence for better alignment and execution
• Strategic focus on core industrial businesses through new Specialized Industrial Solutions division
• Clear separation strategy from Automotive business progressing as planned

Negative

• Organizational disruption during transition period
• Loss of experienced executive Thomas Fröst from Group Management

GOTHENBURG, Sweden, Sept. 24, 2025 /PRNewswire/ -- SKF is redesigning parts of the Industrial business to further increase its competitiveness and accelerate profitable growth. The new set-up, which will be implemented with immediate effect, will drive business synergies across the full value chain globally and simplify structures to accelerate execution regionally.

The functions Operations and Commercial excellence are combined into one which will enable a stronger alignment, governance and end-to-end execution across the full value chain. The business area Independent and Emerging Businesses will be discontinued. Its stand-alone entities will be organized in Specialized Industrial Solutions to further strengthen these strategic core businesses as they are tailored according to respective business and market needs.

"As the separation of the Automotive business is progressing, we have the opportunity to adapt our set-up for the Industrial business. This is a natural next step in our strategic journey and with clearer and more efficient structures, we will strengthen both our strategic and commercial capabilities," says Rickard Gustafson, President and CEO.

SKF is announcing the following changes in Group Management:

Hans Landin, Senior Vice President, Group Commercial Excellence Bearings, is appointed to lead the new organization of stand-alone businesses and assume the role as President Specialized Industrial Solutions.

Joakim Landholm, Senior Vice President Group Operations & Chief Sustainability Officer, will assume the role as Senior Vice President Commercial and Operations Development.

Susanne Larsson, Senior Vice President Finance and CFO, will in addition to her current role assume the role as Chief Sustainability Officer.

Thomas Fröst, President, Independent and Emerging Businesses, will leave Group Management today but will remain in an advisory role during a transition period.

"A sharpened industrial focus will evolve our strengths and with this new organizational set-up we aim to create even more progress for our customers and for us as a company. On behalf of SKF, I would also like to thank Thomas for his valuable contribution during many years of employment in building these core businesses, and I wish him all the best for the future," says Rickard Gustafson.

Aktiebolaget SKF
      (publ)

For further information, please contact:
Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.com 
Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908072; sophie.arnius@skf.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skf/r/skf-redesigns-industrial-organization-to-increase-competitiveness,c4238915

The following files are available for download:

https://mb.cision.com/Main/637/4238915/3685203.pdf	20250924 SKF redesigns Industrial organization to increase competitiveness
https://news.cision.com/skf/i/skf-dji-0353,c3472265	SKF DJI 0353
https://news.cision.com/skf/i/rickard-gustafson-president-and-ceo,c3472263	Rickard Gustafson President and CEO
https://news.cision.com/skf/i/hans-landin,c3472266	Hans Landin
https://news.cision.com/skf/i/joakimlandholm,c3472267	JoakimLandholm
https://news.cision.com/skf/i/susanne-larsson,c3472264	Susanne Larsson
https://news.cision.com/skf/i/thomas-frost,c3472268	Thomas Frost

 

View original content:https://www.prnewswire.com/news-releases/skf-redesigns-industrial-organization-to-increase-competitiveness-302565769.html

SOURCE SKF

FAQ

What organizational changes did SKF (SKFRY) announce in September 2025?

SKF announced combining Operations and Commercial excellence functions, discontinuing Independent and Emerging Businesses area, and reorganizing stand-alone entities into Specialized Industrial Solutions to increase competitiveness.

Who are the key executives appointed in SKF's 2025 reorganization?

Key appointments include Hans Landin as President of Specialized Industrial Solutions, Joakim Landholm as Senior VP Commercial and Operations Development, and Susanne Larsson adding Chief Sustainability Officer role to her CFO position.

Why is SKF restructuring its Industrial business in 2025?

SKF is restructuring to increase competitiveness, accelerate profitable growth, drive business synergies across the value chain globally, and simplify structures for faster regional execution.

What happens to SKF's Independent and Emerging Businesses division?

The Independent and Emerging Businesses division will be discontinued and its stand-alone entities will be reorganized under the new Specialized Industrial Solutions structure.

How does the 2025 reorganization affect SKF's management structure?

The reorganization brings changes to Group Management with three executives taking new or additional roles, while Thomas Fröst leaves Group Management but remains as an advisor during transition.