By P&PC Staff
By P&PC Staff
August 12, 2019 – ABB has appointed Björn Rosengren, currently president and CEO of Sandvik, as its new chief executive officer effective March 1, 2020.
Rosengren will join ABB on February 1, 2020 and succeed current CEO Peter Voser a month later. At that time, Voser will revert to his position at ABB solely as chairman of the board.
Björn Rosengren, a Swedish citizen, is an international executive and leader of industrial businesses. He has been the CEO of Sandvik, a high-tech global engineering group, since 2015. During this time, he has overseen the successful implementation of a decentralized structure and improved both the profitability and financial strength of Sandvik.
Prior to that, he was CEO of Wärtsilä Corporation (2011-2015), which manufactures and services power sources and other equipment for the marine and energy markets, and spent some 13 years in a variety of management roles at Atlas Copco, a provider of sustainable productivity solutions.
“The board is pleased that Björn Rosengren will be taking the lead at ABB, bringing with him a proven track record of value creation and exactly the managerial skills ABB needs during the next stage of its transformation,” says Voser, ABB chairman and current CEO, in a release. “After undertaking a thorough search, the board is convinced that Björn Rosengren is the best candidate for the role. He understands how to establish successful decentralized organizations, empower people and demonstrates the culture of cooperation and high performance. Together with our strong management team, he will drive ABB’s strategy and deliver long-term value to all our stakeholders.”
“I am honored to have the opportunity to join ABB, a truly global technology leader, after I have completed my current commitments,” says Rosengren. “At such a pivotal time for manufacturing industries, ABB must continue to best serve the needs of global customers with a unique technology and digital solutions portfolio to help enhance their productivity. I look forward to working with my new colleagues around the globe to enhance value through the delivery of the group strategy and fully empowering our businesses and people.”
ABB is a leader in digital industries with four customer-focused, globally leading businesses: electrification, industrial automation, motion, and robotics and discrete automation. ABB operates in more than 100 countries with about 147,000 employees.
Sandvik has announced it will immediately begin its search for a replacement president and CEO.