Sweden's Sandvik Appoints Emil Nilsson Chief Financial Officer

STOCKHOLM -(Dow Jones)- Swedish engineering company Sandvik AB (SAND.SK) said Tuesday it has appointed Emil Nilsson as its chief financial officer.

Nilsson, who is 40 years old, joins from Swedish network equipment vendor Ericsson (ERIC) and will replace Ola Salmen, who will leave Sandvik for "other opportunities."

Sandvik said Nilsson's starting date will be decided in the coming months and that Salmen will stay with the company until the end of the year to ensure a smooth transition.

Shares in Sandvik closed Monday at SEK94.85.