STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory News:
Atlas Copco (STO:ATCOA)(STO:ATCOB) has appointed Nico Delvaux to be President of the Compressor Technique business area, effective August 1, 2014. He is currently President of the Construction Technique Business Area.
“Nico has proven strategic capabilities, a strong commitment in execution and an in-depth knowledge of the global compressor business,” said Ronnie Leten, President and CEO of the Atlas Copco Group. “This will be very valuable in his new mission to further accelerate the growth in the Compressor Technique business area.”
Nico Delvaux joined Atlas Copco in 1991. He has held management positions in several markets including Benelux, Italy, Canada and the United States. Nico Delvaux was President of the Service division within Compressor Technique before he became Business Area President for Construction Technique in 2011, based in China. He will continue to have China as his base until June 30, 2015 and as from July 1, 2015 he will be based in Antwerp, Belgium. Nico Delvaux will remain member of Group Management and Senior Executive Vice President of Atlas Copco AB.
Nico Delvaux is a Belgian citizen, born in 1966, with a degree in Electromechanics from the University of Brussels and a MBA from the Handelshogeschool in Antwerp, Belgium.
Atlas Copco discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers with innovative compressors, vacuum solutions and air treatment systems, construction and mining equipment, power tools and assembly systems. Atlas Copco develops products and service focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2013, Atlas Copco had revenues of BSEK 84 (BEUR 9.7) and more than 40 000 employees. Learn more at www.atlascopco.com.
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