Sandvik Appoints New Head of Its Venture Business Area
October 27 2014 - 5:35AM
Dow Jones News
By Christina Zander
STOCKHOLM--Swedish engineering group Sandvik (SAND.SK) Monday
said Jim Nixon has been appointed as president of Sandvik Venture
business area and to Sandvik's Group Executive Management.
Mr Nixon succeeds Tomas Nordahl, who will leave Sandvik for a
position outside the company.
Jim Nixon is currently president of Varel International Energy
Services Inc., a company operating in the energy sector, that
Sandvik acquired earlier this year. Jim Nixon has experience in the
energy sector from leading positions at SDBS, which was part of the
global technology group Dresser Industries.
Shares closed at SEK80.85 Friday.
Write to Christina Zander at christina.zander@wsj.com
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