Mr Satpute will assume office from immediate effect, based at the company’s India headquarters at Pune.
The Sandvik Group is regarded as a market leader in the areas it operates; Sandvik Mining, Sandvik Machining Solutions, Sandvik Materials Technology, Sandvik Construction and Sandvik Venture.
Commenting on the appointment, Mr Olof Faxander, Sandvik Group's President and CEO said: “India is an important country and part of Sandvik’s emerging market strategy. Parag will continue to develop and further accelerate our growth plans in the Indian market. He has the appropriate acumen to take our indian organisation forward”.
Parag Satpute has held several leadership positions within Sandvik Materials Technology* including Head of product area Wire and Heating Technology, Regional Sales and Marketing Manager for product area Strip within EMEA (Europe, Middle East and Africa), as well as Global Sales and Marketing Manager for DieCutting. His past positions also include General Manager for Sandvik Saxon. Prior to this he held a number of positions within Sandvik Asia.
Parag Satpute holds an MBA from Warwick Business School, UK and a Bachelor in Mechanical Engineering from the Pune University.
The Sandvik Group
Sandvik is a global industrial group with advanced products and world-leading positions in selected areas – tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. In 2013 the Group had about 47,000 employees and representation in 130 countries.
*Sandvik Materials Technology develops and produces advanced stainless steels, special alloys of titanium, zirconium etc., as well as metallic and ceramic resistance materials for the most demanding industries like nuclear power, oil exploration, medical implants, advanced thermal power plants including fertilizer industries.
