Further decentralization of the organization
Tom Wachtmeister was employed by the Group in 1959 and held various positions before he was appointed Managing Director in 1975.
He further decentralized the organization and divided it into three business areas and divisions with responsibility for R&D, production and marketing. The manufacturing and process industry customer segment became more in focus.
Tom Wachtmeister was Managing Director between 1975 and 1991. He was succeeded by Michael Treschow.