Atlas Copco gets new President and CEO Vagner Rego

The Board of Directors of Atlas Copco AB, based in Nacka, Sweden, has appointed Vagner Rego as the Group's future President and CEO. Rego will take up his new position on May 1. He succeeds Mats Rahmström, who has successfully led Atlas Copco since 2017 and will be leaving the company at his own request. Vagner Rego was born in Brazil. He started his career at Atlas Copco in 1996 in his home country. He is currently one of Rahmström's four deputies on the Executive Board of the listed company. He has also been Head of the Compressor Technology Division since 2017. "In this role, Vagner Rego has successfully led and developed the division," said Hans Stråberg, Chairman of the Board of Directors. "We are confident that with his extraordinary experience and broad understanding of technology, he will drive the Group forward and further increase the productivity of our industrial customers."

Born in 1972, Vagner Rego started his career at Atlas Copco in Brazil as an engineer. In 2006, he took over the management of the Service division in the Compressor Technology business area in Brazil. In 2010, Rego moved to the Compression Technology headquarters in Belgium, from where he was responsible for the global success of the Compression Technology Service division as Head of Marketing and Sales and later as President. In the meantime, he also managed the business of the Power Technique customer center in Brazil. Rego studied mechanical engineering at Mackenzie University in Brazil and also holds an MBA from Ibmec Business School. As CEO, he will be based in Stockholm. The Atlas Copco Group offers compressed air and vacuum technology, energy solutions, dewatering and industrial pumps, industrial power tools, assembly technology and vision solutions. In 2022, the Group generated sales of 141 billion Swedish kronor (around 12.6 billion euros) with around 49,000 employees.