Vagner Rego will become the new president and CEO of Atlas Copco Group on May 1.

He will replace Mats Rahmstr枚m who has requested to leave his position after leading the Group since 2017.

鈥淰agner Rego is an appreciated leader with a proven track-record in successfully growing and developing the Compressor Technique business area,鈥� said Hans Str氓berg, chair of the company鈥檚 Board of Directors. 鈥淲ith his extensive experience and in-depth business and technology knowledge he is very well suited to lead and further develop the Group.鈥�

Rego, currently senior executive vice president and president of the Compressor Technique business area, joined the Group in 1996 as a trainee engineer in his native country Brazil. In 2006 he was appointed Business Line manager for Compressor Technique Service in Brazil and in 2010, he became vice president of Marketing and Sales for the Compressor Technique Service division, based in Belgium. He has also been general manager for Power Technique鈥檚 Customer Center in Brazil. Before he took on his current position in 2017, he was president for the Compressor Technique Service division.

Rego has a degree in mechanical engineering from Mackenzie University and an MBA from Ibmec Business School, both located in Brazil. Rego will be based in Stockholm, Sweden.