“In times of transformation, adding new perspectives is sometimes necessary. Americas and ISEA have accomplished a lot, but with new leadership in both regions, we aim to find new opportunities and to become even more competitive and increase speed in our journey,” - Rickard Gustafson, President and CEO
Feb 2024 : Swedish bearing and seal manufacturing company, SKF, announced changes in group management as a consequence of its strategic transformation to drive profitable growth. The company has notified that the leadership in two industrial regions, Americas and India and Southeast Asia (ISEA), will change with immediate effect.
“In times of transformation, adding new perspectives is sometimes necessary. Americas and ISEA have accomplished a lot, but with new leadership in both regions, we aim to find new opportunities and to become even more competitive and increase speed in our journey,” said Rickard Gustafson, President and CEO.
Manish Bhatnagar, the current President, Industrial Region India and Southeast Asia (ISEA) has been appointed as the new President, Industrial Region Americas. He will be located in Landsdale, USA.
As a consequence, Fredrik Hallen, Director Finance, Controlling, IT & Digitalization in Industrial Region ISEA, will take interim charge as President for the ISEA region. A permanent successor is expected to be in place very soon.
John Schmidt, the current President, Industrial Region Americas, will leave SKF to continue his career outside SKF. He will remain in an advisory role during a brief transition period.
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