Sandvik Coromant Appoints New Global President


Fair Lawn, New Jersey, June 25, 2009 - Sandvik Coromant has announced the appointment of Tom Erixon to the position of president of its global operations in Sandviken, Sweden. Effective September 1, 2009, Mr. Erixon will replace Kenneth Sundh, current president of Sandvik Coromant.

Mr. Erixon currently serves as executive vice president of Sandvik Tooling and president of Sandvik Hard Materials, a product area within Sandvik Tooling. Prior to those responsibilities, his career consisted of various leadership positions within the Sandvik Group and the Boston Consulting Group.

Upon leaving his current position, Mr. Sundh will be stepping into the role of executive vice president of Sandvik Tooling. His responsibilities will also include management of global strategic projects.

Falling under the Sandvik Tooling division of the Sandvik Group, Sandvik Coromant employs approximately 8,000 workers in 130 countries. Sandvik Tooling employs over 16,000 people worldwide and averages annual sales revenues in excess of $3 billion.

About Sandvik Coromant

As the world-leading supplier of high quality cutting tools, Sandvik Coromant helps customers think smart, work smart and earn smart. The company provided US customers with $79 million in documented cost savings in 2008. For more information regarding products, applications and services that can help you earn smart, contact Sandvik Coromant Company, 1702 Nevins Road, Fair Lawn, NJ 07410, phone 201.794.5223, fax 201.794.5217 or visit http://www.coromant.sandvik.com/us.

CONTACT:

Björn Roodzant

Tel: 201.794.5223

Jim May, dgs

317.813.2226

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