Sandvik seeking new president of construction as Schulz resigns

Engineering group Sandvik is seeking a new president for its construction division who will also sit on the group’s executive management board, the Sweden-based company said this week.

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Thomas Schulz, who currently holds both roles, is leaving the company.

Schulz has covered various positions at Sandvik since 2001. He is to become ceo of Danish engineering company FLSmidth & Co no later than June 1, 2013, according to the Denmark-based group.

Sandvik announced at the end of November that it will cut more than 950 jobs worldwide in a bid to increase profitability.

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