4.0
Aug 28, 2015
Recommend
CEO approval
Business Outlook
Pros
It is fantastic that The Board realized the Olaf was an empty, entitled stooge. When Olaf made his introductory tour in 2011, he said that change was needed because the Sandvik share was underperforming. He proceeded to crash the share and scramble the company. This guy should never run another company - he views himself as royalty when he is more like Ronald McDonald. Company history will log his tenure as a terrible mistake.
Cons
New Sandvik CEO is an unknown entity. Hopefully, he is of the "old school" Sandvik cloth.