Asset Management

ABB appoints Rosengren as CEO

Aug 16, 2019

ABB reported Aug. 11 that its board has unanimously appointed Björn Rosengren as CEO. He will join ABB on Feb. 1, 2020, and succeed CEO, Peter Voser, who will revert to his sole position as ABB's board chairman.

Rosengren, 60, has been the CEO of global engineering group Sandvik since 2015, and oversaw its successful implementation of a decentralized structure that improved its profitability and finances. During 2011-15, he was CEO of Wärtsilä Corp., which manufactures and services power sources and other equipment for marine and energy sectors. He also spent 13 years in management roles at productivity supplier Atlas Copco.

“The board is pleased 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,” said Voser. “After undertaking a thorough search, the board is convinced he's 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'll drive ABB’s strategy and deliver long-term value to all our stakeholders.”

Rosengren added: “I'm honored to have the opportunity to join ABB, a truly global technology leader, after I complete my current commitments. 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.”