Sandvik AB (SAND.SK) Monday said Thomas Schulz, head of the Swedish engineering group's construction business, will leave the company to become chief executive of Danish engineering company FLSmidth & Co A/S (FLS.KO).

 
   MAIN FACTS:

-- Thomas Schulz has worked for Sandvik since 2001 and held various positions within the construction business.

-- The search for a successor has been initiated.

-- At 1424 GMT shares traded 0.8% higher at SEK100.20.

Write to Katarina Gustafsson at katarina.gustafsson@dowjones.com

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