SKF is merging its two Industrial business areas, Strategic Industries and Regional Sales and Service. The change is expected to enable the benefits of the SKF asset life cycle to be applied to industrial customers in a more efficient manner, through a simplified organisational structure.
Effective 1 January 2015, SKF will operate through three business areas: Industrial Market, Automotive Market and Specialty Business. Alrik Danielson, president and CEO from 1 January 2015, will also take up the role of president, Industrial Market. As previously announced, Stephane Le-Mounier will lead the Automotive Market business area from 1 January 2015. Patrick Tong has been appointed president, Specialty Business and a member of SKF’s Group Management. In addition to his current responsibilities, Tong will also be responsible for the activities of Kaydon Corporation and the Aerospace and Linear Actuation Technology business units.
In conjunction with the reorganisation, Rakesh Makhija and Vartan Vartanian, presidents of the current Strategic Industries and Regional Sales and Service business areas, will leave SKF’s Group Management. Both will continue as senior advisors, supporting the CEO during the reorganisation process. Also effective 1 January 2015, Poul Jeppesen, president SKF USA, and Manfred Neubert, president SKF GmbH, will no longer be members of SKF Group Management. Both will continue in their current roles.