He was presented with the award by Sweden's leading management magazine "Manager" on 18 March 2015 at a ceremony at Grand Hotel, Stockholm, Sweden.
 
The motivation for the nomination was: "Olof Faxander has from a business perspective clearly linked diversity to the business strategy and has with a structured way of working within the entire organization contributed to clear results."
 
Sandvik has a clear focus on diversity and inclusion, which means respecting and leveraging employees personal and cultural differences. Olof Faxander is recognized for Sandvik's clear strategy and targets for diversity and inclusion, which include increasing the share of women in managerial positions globally in the organization.