Håkan Buskhe to Lead SKF Automotive Board as New Chair
In a significant move marking the future of SKF Automotive, Håkan Buskhe has been proposed to take on the role of Chair of the Board. The SKF Board of Directors made this official announcement on September 18, 2025, indicating a focused shift towards enhancing the independence of the Automotive division. As part of the broader strategy, SKF plans to separate its Automotive business, aiming for a distinct listing on Nasdaq Stockholm. This shift will take place through a Lex Asea distribution, pending the approval from SKF shareholders.
Hans Stråberg, the current Chair of the overarching SKF Board, emphasized the natural transition to appoint Buskhe as they work towards establishing a robust new company structure for the Automotive division. He mentioned that this move aligns with the ongoing internal separation efforts which are seen as critical to the future trajectory of SKF Automotive.
Håkan Buskhe comes into this role with an extensive background in overseeing substantial international businesses. He is not only the CEO of FAM AB but also serves as Vice Chair for AB SKF. Through his roles, he has acquired a wealth of experience, making him a fitting choice to guide SKF Automotive in unlocking its full potential as an independent entity within its sector.
His portfolio extends beyond SKF, as he serves in several other high-profile positions, including Chair of IPCO AB and Board Member of Stora Enso Oyj and various organizations focused on defense and industry. This breadth of qualifications positions him well to support SKF Automotive as it navigates the complexities of becoming a fully stand-alone business.
The separation of the Automotive business is not just a shift in leadership but a strategic move to maximize the division's capabilities. This transition is expected to create additional value for SKF stakeholders, aligning with their long-term strategic goals. As a pioneer in bearing technology and automotive components, SKF seeks to ensure that its Automotive division continues to thrive in a competitive market, leveraging its rich legacy while simultaneously embracing innovation and growth.
Details regarding this separation, including how it will affect shareholders and other stakeholders, will be elaborated upon during SKF's upcoming Capital Markets Day scheduled for November 11, 2025. This event is anticipated to provide insights on future operational strategies, projections, and the overall direction of SKF as a company.
As SKF Automotive embarks on this new chapter, the appointment of Håkan Buskhe as Chair is seen as a pivotal element in ensuring its success and reinforcing its commitment to delivering high-quality automotive products. The organization is on an exciting path, and Buskhe's leadership could be the catalyst for a transformative journey ahead, fostering growth and innovation across the division.
Hans Stråberg, the current Chair of the overarching SKF Board, emphasized the natural transition to appoint Buskhe as they work towards establishing a robust new company structure for the Automotive division. He mentioned that this move aligns with the ongoing internal separation efforts which are seen as critical to the future trajectory of SKF Automotive.
Håkan Buskhe comes into this role with an extensive background in overseeing substantial international businesses. He is not only the CEO of FAM AB but also serves as Vice Chair for AB SKF. Through his roles, he has acquired a wealth of experience, making him a fitting choice to guide SKF Automotive in unlocking its full potential as an independent entity within its sector.
His portfolio extends beyond SKF, as he serves in several other high-profile positions, including Chair of IPCO AB and Board Member of Stora Enso Oyj and various organizations focused on defense and industry. This breadth of qualifications positions him well to support SKF Automotive as it navigates the complexities of becoming a fully stand-alone business.
The separation of the Automotive business is not just a shift in leadership but a strategic move to maximize the division's capabilities. This transition is expected to create additional value for SKF stakeholders, aligning with their long-term strategic goals. As a pioneer in bearing technology and automotive components, SKF seeks to ensure that its Automotive division continues to thrive in a competitive market, leveraging its rich legacy while simultaneously embracing innovation and growth.
Details regarding this separation, including how it will affect shareholders and other stakeholders, will be elaborated upon during SKF's upcoming Capital Markets Day scheduled for November 11, 2025. This event is anticipated to provide insights on future operational strategies, projections, and the overall direction of SKF as a company.
As SKF Automotive embarks on this new chapter, the appointment of Håkan Buskhe as Chair is seen as a pivotal element in ensuring its success and reinforcing its commitment to delivering high-quality automotive products. The organization is on an exciting path, and Buskhe's leadership could be the catalyst for a transformative journey ahead, fostering growth and innovation across the division.
Topics Auto & Transportation）
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