Tom

Johnstone CBE

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Overview

Tom Johnstone was President & CEO of SKF AB, steering the company’s evolution from a bearings manufacturer into a knowledge-driven, sustainability-focused engineering firm. Under his leadership, global sales rose from SEK 42 billion to SEK 71 billion, profitability doubled, and SKF consistently ranked on the Dow Jones Sustainability Index and FTSE4Good—reflecting the long-term impact of his “BeyondZero” initiative.

Tom is currently Chair of Combient AB, Chair of Wärtsilä Oyj, and is an Independent Director at Investor AB, where he offers strategic guidance on governance, stakeholder impact, and industrial innovation. He is also Interim Chair at Northvolt AB, the PE-owned electronics company.

He was Chair of Husqvarna AB, a 10 year tenure that included navigating leadership succession and reinforcing board effectiveness across global industrial platforms. He was a Non-Executive Director on the Board of Volvo Car AB and Chair of the British-Swedish Chamber of Commerce.

Earlier positions included Executive Vice President of SKF AB and President of its Automotive Division.

He brings deep cross-sector expertise in:

• Industrial & engineering transformation – leading legacy manufacturers through value-chain integration, innovation, and global scaling

• Board governance & institutional stewardship – steering supervisory practices and succession across listed and family-investor platforms

• Sustainability & continuous improvement – embedding ESG, Six Sigma, and long-range stewardship into competitive industrial models

• Governance across geographies & industries – leadership roles in maritime, industrial automation, and private-invested groups spanning Sweden, Finland, and broader technology sectors

Educated at the University of Glasgow (MA) and honoured with doctorates from Cranfield and the University of South Carolina, he earned a CBE in 2015 and the Swedish Royal Order of the Polar Star in 2008.

Known for his steady intellect and transformational leadership, he remains a trusted mentor to executives navigating governance, sustainability, and industrial innovation on a global scale. Tom is a respected voice in engineering-led business transformation.

Major Career Roles

Husqvarna AB

Chair

Wärtsilä OYJ

Chair

Combient AB

Chair

Investor AB

Independent Director

Volvo Car Corp.

Independent Board member

Northvolt AB

Board member

Other Career Highlights

SKF Group

President and CEO

British-Swedish Chamber of Commerce

Chair

Chair Mentors International
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