Changes in Group Management to continue to drive profitable growth in the ISEA region

<p style="text-align: center;"><img src="/ueditor/php/upload/image/20240320/1710922384347352.jpg" title="1710922384347352.jpg" alt="1.jpg"/></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">&nbsp;SKF announces the appointment of Mukund Vasudevan as President, Industrial Region India and Southeast Asia (ISEA). In his role, Mukund will be responsible for continuing SKF’s strategic transformation and profitable growth journey in the expansive ISEA region.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Mukund has extensive experience from&nbsp;multi-national&nbsp;commercial and industrial executive positions, including a proven track record in building high performance teams. He also adds&nbsp;entrepreneurial perspectives from working with start-ups.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">“India and Southeast Asia is an important region for us where we have high ambitions to grow in a profitable way. Mukund’s background and experience is highly relevant for our business in the ISEA region, and he will bring fresh perspectives having worked with several industries, but also with emerging markets, cleantech and start-ups,”saysRickard Gustafson, President and CEO at SKF.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">”I am really looking forward to join SKF, a world-leading and innovative solutions provider for industrial and automotive customers, and to bring my previous experience to our teams globally and here in ISEA. Our employees in the ISEA region have done a tremendous work in executing the strategy, and we will continue to work close together with our partners to achieve our goals, ”says&nbsp;Mukund Vasudevan.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Mukund will join SKF on 8 April&nbsp;and will succeed Fredrik Hallen, Acting President Industrial Region ISEA who replaced Manish Bhatnagar on an interim basis and will now continue in his role as Head of Finance, Controlling, IT and Digitalization, Industrial Region ISEA. As previously communicated, Manish Bhatnagar has been appointed President, Industrial Region Americas.</span></p><p><br/></p>