Atlas Copco CEO to step down in April 2024

Atlas Copco AB president and CEO Mats Rahmström will leave the company on 30 April 2024 after 35 years with the group and almost seven as CEO.

Atlas Copco president and CEO Mats Rahmström
Atlas Copco president and CEO Mats Rahmström

“Mats has, through his dedication and leadership, played a very important role in successfully developing Atlas Copco Group and take it to its current strong position,” said Hans Stråberg, chairman of the Atlas Copco. “Mats really embodies the Group’s values and during his tenure as CEO, we’ve seen impressive growth and financial results. The company is well positioned to continue to create value for shareholders as well as customers, and I have very much appreciated working with Mats”.

“I’m extremely grateful to have had the privilege to spend almost all of my career so far in this amazing company, so it has not been an easy decision,” said Mats Rahmström. “Atlas Copco Group is all about people who continue to find new and better ways. I believe that this is a good time to initiate the process to find a new CEO. I plan to continue to work after I leave the Group, but will focus on board work and industrial advisory roles going forward. I’m far too curious not to continue to challenge myself.”

The Atlas Copco board will now start the recruitment process for a successor.