Mats Rahmström is to take over as new President and CEO of Atlas Copco AB in April 2017.

The Board of Directors of Atlas Copco AB has appointed Mats Rahmström as the new President and CEO of Atlas Copco AB, effective April 27 2017. He will replace Ronnie Leten, who has requested to leave his position after having managed Atlas Copco successfully during the past eight years.

“Rahmström has a strong business focus and is an appreciated leader who is living and breathing the Atlas Copco values,” says Hans Stråberg, Chair of Atlas Copco’s Board of Directors. “During his time as head of Industrial Technique he has transformed the business which has led to a strong profitable growth. I am convinced that we have found a new solid leader inside the company, who can further develop Atlas Copco.”

Rahmström, currently Senior Executive Vice President and President of the Industrial Technique business area, began his Atlas Copco career in 1988. He held positions in sales, service, marketing and general management within Industrial Technique during the first 10 years. Between 1998 and 2006 he held positions as General Manager for customer centres in Sweden, Canada, and then in the United Kingdom. Before he took on his current position in 2008 he was President of the Tools and Assembly Systems General Industry division within Atlas Copco’s Industrial Technique.

He is a board member of Permobil Holding AB and of CIBE Lifts AB. Rahmström is a Swedish citizen, born in 1965. He has an MBA from the Henley Management College, the United Kingdom. He will be the 12^th President and CEO since the company was established in 1873.

“I would like to thank Ronnie for the fantastic development of Atlas Copco during his years as the CEO,” says Stråberg. “The Group is now stronger than ever with an enhanced customer focus and a solid service business in each business area. Further, Atlas Copco has expanded into the completely new field of vacuum.”

Leten will resign from the Board of Directors of Atlas Copco AB at the Annual General Meeting on April 26 2017, the same date he leaves the position as President and CEO of the Atlas Copco Group.