Stephane Le-Mounier Appointed President, SKF Automotive

GOTEBORG, Sweden, Oct 27, 2014 (BUSINESS WIRE) Regulatory News: SKF (STO:SKFA)(STO:SKFB)(LSE:SKFB)(Pink Sheets:SKFRY) announces that Stephane Le-Mounier has been appointed President of the business area SKF Automotive. Stephane will assume his new role on 1 January 2015 and will be a member of SKF s Group Management and Executive Committee. He succeeds Tryggve Sthen, who is retiring. Stephane joined SKF in 1988 and has held a number of senior positions within both SKF s industrial and automotive businesses. Most recently, he was Director of the Group s aerospace business unit. Stephane holds a degree in Mechanical Engineering and a post-graduate degree in Finance and Controlling. He is a French national. Tryggve joined SKF in 2003, leading the Automotive business for 12 years. He will work with Stephane to ensure a smooth handover until his retirement at the end of 2014. SKF Automotive serves manufacturers of cars, light trucks, heavy trucks, trailers, buses, two-wheelers and the vehi
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