SKF’s Tom Johnstone retires, replacement announced

Sept. 12, 2014 – Tom Johnstone has decided to step down as president and CEO of SKF, effective January 1, 2015.

He will be succeeded by Alrik Danielson, who has been president and CEO of Höganäs AB since 2005. Danielson worked at SKF between 1987 and 2005, holding a number of executive positions within the company, including president of the SKF Group’s Industrial Division and member of the SKF Group’s executive committee.

“I am very pleased to welcome Alrik Danielson back to SKF. His experience during 18 years at different positions in SKF and the last nine years as CEO of Höganäs AB makes him a competent successor to Tom Johnstone,” said Leif Östling, chairman of SKF’s board.