Date: 2013-08-01

SKF President and CEO Tom Johnstone Receives Honorary Degree from Cranfield University

(Gothenburg, 21 June 2011)

SKF President and CEO Tom Johnstone has been honoured with the degree of Doctor of Science by Cranfield University in recognition of his contribution to business development and environmental excellence within a global manufacturing organisation.

Cranfield University plays a leading role in manufacturing expertise and has been selected to set up new centres for manufacturing by the UK government. The University will focus on the pharmaceutical, aerospace and automotive industries to ensure that the manufacturing sector is at the cutting edge of innovation.

As part of a Higher Education Funding Council for England project, Cranfield is working with the Carbon Trust to help its partners reduce their carbon footprint.

Professor Tom Stephenson, Head of Cranfield School of Applied Science, says: "Every year we select a small number of individuals to receive honorary degrees by the University. We are honouring Dr Tom Johnstone for his outstanding contribution in global manufacturing, as a living example of how the University brings research into real world situations, whilst attending to the sustainability agenda."

"I am honoured and delighted to receive this degree from a university that is recognised globally for its contribution to research within the manufacturing sector, especially in the engineering field, and its commitment to sustainability. I strongly believe that manufacturing, product development and sustainability should be an integral part in any long term strategy of a company and it is excellent that this is recognised with the programmes offered by Cranfield University", says Tom Johnstone.

Tom Johnstone has successfully advanced initiatives to integrate sustainability into SKF's long term strategy and performance. SKF's leading performance in sustainability is recognized globally with the inclusion in the Dow Jones Sustainability Indexes since 2000 and the FTSE4Good Index Series since 2001 when the indexes were first introduced.

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