Håkan Buskhe Set to Lead SKF Automotive as New Chair of the Board

Håkan Buskhe Assumes Leadership Role at SKF Automotive

In a notable leadership move, the SKF Board of Directors has announced the intended appointment of Håkan Buskhe as the new Chair of the Board for SKF Automotive. This strategic decision is part of SKF's broader initiative to create a distinct identity for its automotive sector, which continues to be integrated within the AB SKF group.

The announcement comes amidst SKF's ongoing plans for the separation of the Automotive business, which aims for a separate listing on Nasdaq Stockholm. Expected through a Lex Asea distribution to SKF's shareholders, this initiative awaits the green light from shareholders in upcoming meetings.

Hans Stråberg, Chair of the SKF Board of Directors, expressed that this transition reflects a natural progression in developing the new corporate structure for SKF Automotive. He stated, "As the work to internally separate the Automotive business progresses, this is a natural step in the formation of the new Automotive business company structure."

Håkan Buskhe, currently the CEO of FAM AB and Vice Chair of AB SKF, holds an extensive background in various leadership positions across several international firms. His diverse experience also includes notable roles as Chair of IPCO AB, Vice Chair of Stora Enso Oyj, and board member in several organizations including FAM AB and the Swedish Defence University.

Stråberg commented further on Buskhe’s capabilities: "Håkan Buskhe is a recognized and highly experienced business leader with a breadth of qualifications in leading international businesses. He is well-positioned to support the Automotive business on its journey towards becoming a standalone business within its segment and unlocking the full potential of SKF's Automotive business."

As part of this strategic transition, more detailed information regarding the automotive separation will be unveiled during SKF's Capital Markets Day, scheduled for November 11, 2025. This event promises to deliver insights into SKF’s direction and future plans, particularly for its automotive division.

The appointments and initiatives signify a forward-thinking approach by SKF as it adapts to the evolving market landscape and positions itself to take advantage of emerging opportunities in the automotive sector.

For those looking to delve deeper into the developments at SKF, further inquiries can be directed to Carl Bjernstam in Press Relations or Sophie Arnius in Investor Relations, who are available for any clarifications or additional information related to the change in leadership and its implications.

In conclusion, Håkan Buskhe’s onboarding as Chair of the Board for SKF Automotive marks a critical juncture for the business, paving the way for a transformed structure and enhanced focus on independent operational growth. As the automotive industry continues to face dynamic changes, SKF is poised to navigate the road ahead under Buskhe's experienced leadership.