GÖTEBORG, Sweden--(BUSINESS WIRE)-- Regulatory News:
SKF: (STO:SKFA)(STO:SKFB)(Pink Sheets:SKFRY)(LSE:SKFB)
Henrik Lange is appointed Group CFO succeeding Tore Bertilsson who is retiring. Rakesh Makhija becomes President SKF Industrial Market, Strategic Industries
SKF today announced that Tore Bertilsson, Executive Vice President and CFO, has decided to retire from SKF after nearly 24 years of service. Up until his retirement later this year, he continues as Executive Vice President.
Henrik Lange has been appointed Executive Vice President and CFO. He assumes the role as Executive Vice President with immediate effect, and the role as CFO, from 1 May 2013. Henrik currently serves as President SKF Industrial Market, Strategic Industries, and is a member of SKF Group Management. He joined SKF in 1988 and has held several managerial positions within SKF, both in general management and in the finance area.
Rakesh Makhija, has been appointed President Industrial Market, Strategic Industries, from 1 May 2013. Rakesh, currently President with overall responsibility for China and India, joined SKF in 2002 as Managing Director, SKF India Limited. In 2010, he was appointed as President, SKF Asia and at the same time became a member of SKF Group Management.
Both Henrik Lange and Rakesh Makhija will be members of SKF Group Management and the Executive Committee. They will report to Tom Johnstone, SKF President and CEO, and be based in Gothenburg, Sweden.
Gothenburg, 12 March 2013
Aktiebolaget SKF (publ)
SKF is a leading global supplier of bearings, seals, mechatronics, lubrication systems, and services which include technical support, maintenance and reliability services, engineering consulting and training. SKF is represented in more than 130 countries and has around 15,000 distributor locations worldwide. Annual sales in 2012 were SEK 64,575 million and the number of employees was 46,775. www.skf.com
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