Jim Nixon appointed President of Sandvik Venture and member of Group Executive Management

Jim Nixon has been appointed as President of Sandvik Venture and member of
Sandvik’s Group Executive Management. He succeeds Tomas Nordahl, who will leave
Sandvik for a position outside the Group.
Jim Nixon is currently President of Varel International Energy Services Inc., a
company operating in the fast growing energy sector, that Sandvik acquired
earlier this year. Jim Nixon has an extensive experience from the energy sector
also from leading positions at SDBS, which was part of the global technology
group Dresser Industries.

“Jim Nixon has an exceptionally strong background that Sandvik will benefit from
greatly, considering our strategic direction with an increasing focus on growing
in the energy segment. His entrepreneurial experience is well suited for Sandvik
Venture, with the BusinessArea’s focus on developing and growing a number of
businesses in a similar way as he has grown Varel over the years. I got to know
Jim Nixon in conjunction with the Varel acquisition and I am convinced that he
will contribute significantly to our company in his new position”, says
Sandvik’s President and CEO Olof Faxander.

Tomas Nordahl has been a member of the Sandvik Group Executive Management since
2011 and has been President of Sandvik Venture since 2012. He leaves Sandvik for
a position as Senior Partner in Boston Consulting’s Global Operations.

“I wish Tomas Nordahl the best of luck in his future career. He has been
particularly instrumental in the important work with our strategy. In addition,
Tomas Nordahl has established a stable foundation for Sandvik Venture especially
in the oil and gas segment”, says Olof Faxander.

The changes are effective as of 1 January, 2015. At the same time, the
responsibility for strategy, IT and sourcing, previously with Tomas Nordahl, are
transferred to Sandvik’s CFO Mats Backman.

For further information contact: Magnus Larsson, Vice President Investor
Relations, Sandvik AB, tel +46 8 456 12 40 or Pär Altan, Vice President External
Communications, Sandvik AB, tel +46 8 456 12 37.

Stockholm, 27 October 2014

Sandvik AB
Sandvik AB discloses the information provided herein pursuant to the Securities
Markets Act and/or the Financial Instruments Trading Act. The information was
submitted for publication at 08.15 CET on 27 October, 2014.
Sandvik Group
Sandvik is a global industrial group with advanced products and world-leading
positions in selected areas – tools for metal cutting, equipment and tools for
the mining and construction industries, stainless materials, special alloys,
metallic and ceramic resistance materials as well as process systems. In 2013
the Group had about 47,000 employees and representation in 130 countries, with
annual sales of about 87,000 million SEK.