AB SKF (publ) (SKF-B.ST)

224.60 +2.30 (+1.03%) At close: 05:29PM CEST

AB SKF (publ)

Sven Wingquist gata 2
Gothenburg 415 50
Sweden
46 3 13 37 10 00
https://www.skf.com

Sector(s): Industrials
Industry: Tools & Accessories
Full-time employees: 39,514

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Rickard Gustafson	President, CEO & Director	30.3M	N/A	1964
Mr. Niclas Rosenlew	Senior VP of Group Finance & CFO	5.81M	N/A	1972
Mr. Joakim Landholm	Chief Sustainability Officer & Senior VP of Group Operations	N/A	N/A	1969
Ms. Annika Olme	CTO & Senior VP of Technology Development	N/A	N/A	1973
Ms. Sophie Arnius	Head of Investor Relations	N/A	N/A	N/A
Mr. Mathias Lyon	General Counsel and Senior VP of Group Legal & Compliance	N/A	N/A	1975
Ms. Ann-Sofie Zaks	Senior Vice President of Group People Experience & Communication	N/A	N/A	1976
Ms. Victoria Van Camp	Advisor	N/A	N/A	1966
Mr. Thomas Frost	President of Independent & Emerging Business	N/A	N/A	1962
Mr. Manish Bhatnagar	President of Industrial Region Americas & MD of SKF India Limited	N/A	N/A	1969

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in SEK.

Description

AB SKF (publ) designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide. It operates in two segments, Industrial and Automotive. The company offers rolling, mounted and housings, super-precision, slewing, plain, magnetic, and thin section bearings; industrial and automotive seals; lubricants, manual lubrication tools, lubricators, automatic lubrication systems, and lubrication system components; maintenance products, such as hydraulic, mechanical, and alignment tools, as well as heaters; belts, pulleys, chains, sprockets, bushings and hubs, couplings, and bolts and tightening systems; condition monitoring systems; test and measuring equipment, such as waviness and roundness analyzers, noise and vibration testers, and grease test rigs, as well as calibration with traceability, machine training and support, and upgrades and refurbishment services; and vehicle aftermarket products. It also provides application engineering services consisting of technical consultancy, numerical simulation and design, and root cause analysis; asset management services, such as assessment and benchmarking, maintenance strategy review, spare parts and inventory management, and lubrication management; condition-based maintenance, including vibration analysis and diagnostics, thermography, lubrication analysis, and condition monitoring system installation; mechanical maintenance comprising mounting and dismounting, precision alignment, and balancing; remanufacturing and customization; and training solutions, which include instructor-led training, e-learning courses, and webinar recordings. The company serves the aerospace, agriculture, automotive, construction, food and beverage, general machinery, machine tools, marine, material handling, metals, mining, mineral processing, ocean energy, pulp and paper, railways, and wind industries. AB SKF (publ) was incorporated in 1907 and is headquartered in Gothenburg, Sweden.

Corporate governance

AB SKF (publ)’s ISS governance QualityScore as of 1 April 2024 is 3. The pillar scores are Audit: 5; Board: 4; Shareholder rights: 8; Compensation: 3.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.