SAS CEO Gustafson to leave for bearings maker SKF

Rickard Gustafson will step down from his position as CE of the Scandinavian airline group SAS in the first half of the year to take the helm at the Swedish bearings maker SKF, the companies said on Monday. Gustafson will replace Alrik Danielson, who is stepping down this year after six years as CE. Gustafson has been CEO at SAS for a decade and also sits on the board of Foundation Asset Management (FAM), SKF’s largest owner. He leaves SAS with the airline industry in crisis due the pandemic. SAS completed a capital increase in late 2020, a year of deep losses.<br/>