1. SKF is redesigning its Industrial business for better competitiveness. 2. Operations and Commercial excellence are now combined for improved efficiency. 3. Independent and Emerging Businesses will be discontinued for better focus. 4. New leadership roles announced to enhance strategic capabilities. 5. Transition aims for clearer structures and profitable growth.
The reorganization indicates a strong effort to boost competitiveness. Similar past reorganizations, like those seen at General Electric, enhanced market performance subsequently.
The article denotes significant structural changes critical for long-term profitability. SKF’s focus on operational synergy directly impacts its market stance, likely influencing stock performance.
Strategic organizational changes take time to reflect on performance. Historical trends show that such changes often yield results over several quarters.
GOTHENBURG, Sweden, Sept. 24, 2025 /PRNewswire/ -- SKF is redesigning parts of the Industrial business to further increase its competitiveness and accelerate profitable growth. The new set-up, which will be implemented with immediate effect, will drive business synergies across the full value chain globally and simplify structures to accelerate execution regionally.
The functions Operations and Commercial excellence are combined into one which will enable a stronger alignment, governance and end-to-end execution across the full value chain. The business area Independent and Emerging Businesses will be discontinued. Its stand-alone entities will be organized in Specialized Industrial Solutions to further strengthen these strategic core businesses as they are tailored according to respective business and market needs.
"As the separation of the Automotive business is progressing, we have the opportunity to adapt our set-up for the Industrial business. This is a natural next step in our strategic journey and with clearer and more efficient structures, we will strengthen both our strategic and commercial capabilities," says Rickard Gustafson, President and CEO.
SKF is announcing the following changes in Group Management:
Hans Landin, Senior Vice President, Group Commercial Excellence Bearings, is appointed to lead the new organization of stand-alone businesses and assume the role as President Specialized Industrial Solutions.
Joakim Landholm, Senior Vice President Group Operations & Chief Sustainability Officer, will assume the role as Senior Vice President Commercial and Operations Development.
Susanne Larsson, Senior Vice President Finance and CFO, will in addition to her current role assume the role as Chief Sustainability Officer.
Thomas Fröst, President, Independent and Emerging Businesses, will leave Group Management today but will remain in an advisory role during a transition period.
"A sharpened industrial focus will evolve our strengths and with this new organizational set-up we aim to create even more progress for our customers and for us as a company. On behalf of SKF, I would also like to thank Thomas for his valuable contribution during many years of employment in building these core businesses, and I wish him all the best for the future," says Rickard Gustafson.
Aktiebolaget SKF
(publ)
For further information, please contact:
Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.com
Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908072; sophie.arnius@skf.com
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
20250924 SKF redesigns Industrial organization to increase competitiveness | |
SKF DJI 0353 | |
https://news.cision.com/skf/i/rickard-gustafson-president-and-ceo,c3472263 | Rickard Gustafson President and CEO |
Hans Landin | |
JoakimLandholm | |
Susanne Larsson | |
Thomas Frost |
View original content:https://www.prnewswire.com/news-releases/skf-redesigns-industrial-organization-to-increase-competitiveness-302565769.html
SOURCE SKF