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SKF announces new president and CEO


January 19, 2021
By P&PC Staff

Bearing manufacturer SKF has appointed Rickard Gustafson as its new president and CEO. 

Gustafson will succeed Alrik Danielson and join SKF during the first half of 2021.

Gustafson is currently the president and CEO of the SAS Group. Before joining SAS ten years ago, he was the CEO of insurance company Codan/Trygg Hansa and he has held several positions within General Electric.

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He holds a Master of Science from the Institute of Technology at Linköping University, Sweden.

Hans Stråberg, chairman of the board of AB SKF, says, “Rickard Gustafson’s strong and modern leadership, broad international experience and excitement about joining SKF makes him the right person to lead the continued execution of SKF’s strategy and to take SKF to the next level of profitable growth and development.”

“SKF has a clearly defined strategic direction, and I look forward to engaging with the organization and further accelerate the ongoing transformation into an even more customer focused, innovative, efficient and sustainable business,” says Gustafson.

“The board wishes to thank Alrik Danielson for his significant contributions to SKF’s development during his time as president and CEO.”