Atlas Copco Appoints Mikael Andersson as President of Power Technique Business Area
Atlas Copco Group has appointed Mikael Andersson as President of its Power Technique business area, effective January 1, 2027.
Andersson will also join the company’s Group Management team as part of his new responsibilities.
He currently serves as President of the Industrial Flow division within the Power Technique business area.
The appointment follows the previously announced retirement of Andrew Walker, whom Andersson will succeed.
Mikael Andersson Brings Extensive Leadership Experience
Mikael Andersson joined Atlas Copco Group in 2002 and has held several leadership positions within the organisation.
His experience includes divisional management, general management, finance and business control.
Over the past two decades, he has developed extensive knowledge of the Group’s operations and business activities.
Most recently, Andersson led the establishment of the Industrial Flow division.
His experience across different functions will support his transition into the Power Technique leadership role.
Atlas Copco CEO Highlights Andersson’s Leadership
Vagner Rego, President and CEO of Atlas Copco Group, welcomed the appointment.
“Mikael brings extensive experience from across Atlas Copco Group and has built a strong track record over the years,” Rego said.
He also highlighted Andersson’s role in establishing the Industrial Flow division.
Furthermore, Rego expressed confidence in Andersson’s ability to support the company’s future development.
The appointment reflects Atlas Copco’s decision to promote an experienced leader from within the organisation.
Power Technique Business Area Reports SEK 29 Billion Revenue
The Power Technique business area is an important part of Atlas Copco Group’s operations.
In 2025, the business area reported revenues of approximately SEK 29 billion.
It also employed around 7,600 people during the same year.
Andersson will assume leadership of the business area at the beginning of 2027.
His appointment will also place him on Atlas Copco Group’s senior management team.
Andersson’s Education and Professional Background
Mikael Andersson is a Swedish citizen with an academic background in business and economics.
He holds a Bachelor of Science in Business and Economics from Örebro University.
In addition, he earned a Bachelor of Science degree from the University of Gothenburg.
Both universities are located in Sweden.
His educational qualifications complement his experience in finance, business management and industrial operations.
Atlas Copco Prepares for Leadership Transition in 2027
Andersson will succeed Andrew Walker, whose upcoming retirement Atlas Copco previously announced.
The leadership change will take effect on January 1, 2027.
With more than two decades of experience at Atlas Copco, Andersson brings established knowledge of the company’s operations.
His appointment also ensures continuity within the Power Technique business area.
The Mikael Andersson Atlas Copco Power Technique appointment marks the next stage in the business area’s leadership transition.
