Alrik Danielson is to leave his role as SKF president and CEO in 2021, a role he has held since January, 2015.

The board, which made a joint decision with Danielson, has started the process of recruiting a new president and CEO.

“I would like to warmly thank Alrik Danielson for his contributions to SKF during his 25 years in the company and especially for his time as president and CEO,” said SKF chairman, Hans Stråberg.

“He has implemented major and important changes that have positioned SKF very well for the future. The board, together with Alrik Danielson, have made the assessment now is the right time to identify a new president and CEO, who can continue to execute SKF’s strategy.”

Danielson will continue in his current role until a successor is in place.