Atlas Copco CEO to step down
27 November 2023
Atlas Copco has announced that president and CEO Mats Rahmström is to step down after 35 years with the company. He will leave the group in April 2024.
Rahmström joined Atlas Copco in 1988 and has held a number of positions in that time, including senior executive vice president and president of the industrial technique, president of the tools and assembly systems general industry division and general manager for customer centers in Sweden, Canada and the UK.
Atlas Copco said it will now begin the recruitment process for his successor.
Rahmström said he was grateful to have spent his career with the company; “Atlas Copco Group is all about people who continue to find new and better ways. I believe that this is a good time to initiate the process to find a new CEO.
“I plan to continue to work after I leave the Group, but will focus on board work and industrial advisory roles going forward. I’m far too curious not to continue to challenge myself.”
Hans Stråberg, chairman of the board, added, “Mats has, through his dedication and leadership, played a very important role in successfully developing Atlas Copco Group and take it to its current strong position.
“Mats really embodies the Group’s values and during his tenure as CEO, we’ve seen impressive growth and financial results. The company is well positioned to continue to create value for shareholders as well as customers, and I have very much appreciated working with Mats.”
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