PHILADELPHIA – The Swedish-American Chamber of Commerce-Philadelphia (SACC-Philadelphia) has selected SKF USA Inc. and its CEO and President Poul Jeppesen, to receive SACC-Philadelphia’s annual business entrepreneurial award. The award, created in 2010 by SACC-Philadelphia, recognizes companies and individuals who have made a significant contribution to the exchange of trade and commerce between the Philadelphia Region and Scandinavia, and important contributions toward innovation, corporate social responsibility and sustainable business practices. 
SKF was founded in 1907 in Sweden and has become a leading global supplier of products, customer solutions and services in the business of rolling bearings, seals, lubrication, mechatronics and services. SKF USA Inc. has its U.S. headquarters – a LEED certified Platinum building – in Lansdale, Pa. Jeppesen has served as president and CEO of SKF USA Inc. since January 2010.
"SKF USA Inc. places strong emphasis on sustainability and finding new efficiencies in helping its customers reduce total costs of operation, and operates its business in a manner that respects the environment," said David Engstrom, president of SACC-Philadelphia. "SKF USA Inc. and Poul Jeppesen were unanimously selected to receive SACC-Philadelphia’s annual award for 2012. Our chamber is impressed by their leadership, contribution to trade and development of innovative products. We are proud to recognize SKF’s accomplishments in promoting sustainable business practices and also pleased that this Swedish company has its U.S. headquarters in the Philadelphia community."
Jeppesen added, "I am very proud to accept this award on behalf of SKF USA Inc. and our many giving employees who are active in the Philadelphia community and have contributed to numerous organizations including the Starfinder Foundation, United Way, Habitat for Humanity and the American Red Cross. Just this week, through a matching program inspired by our own employees, SKF was able to send more than $11,000 to the American Red Cross Disaster Relief Drive in support of the losses incurred by Superstorm Sandy in November."
