HELSINKI, Nov 24 (Reuters) - Atlas Copco President and Chief Executive Mats Rahmstrom, 58, will leave the company on April 30, 2024, the Swedish industrials group said in a statement on Friday.

"I'm extremely grateful to have had the privilege to spend almost all of my career so far in this amazing company, so it has not been an easy decision," Rahmstrom said.

Rahmstrom has worked at Atlas Copco for 35 years, out of which seven were as CEO, the company said.

The company last month

continued to

report quarterly earnings above market expectations, but said it expects demand to weaken in the near future as customers were scaling back investments.

(Reporting by Essi Lehto; Editing by Sharon Singleton)