Boart Longyear technology unit Veracio has made Annelie Lundstrom CEO.
She joined the group when it bought her Swedish company, Minalyze, last year.
New York-based private equity firm American Industrial Partners subsequently acquired Boart Longyear for US$371 million.
Boart is a circa-US$1 billion-a-year contract drilling services and products company that has been in operation for more than 130 years. It paid $29.3 million for Minalyze to grow its small drilling technology arm, Veracio, which it set up as an entity in 2022.
Lundstrom would “strengthen the company’s culture of pioneering spirit and operational excellence, setting the company up for sustainable growth”, Boart said of the new Veracio CEO.
“I am grateful and happy for this new appointment that will allow me to lead our talented team and to fostering partnerships with clients which will transform the way the mining industry approaches geoscience and orebody knowledge, increasing informed and data-supported decision making,” Lundstrom said.
Lundstrom co-founded Minalyze with Mikael Arthursson in Gothenburg in 2009.
She replaces John Clark as Veracio CEO.
