ABB group's appointed Bjorn Rosengren as chief executive

2019-08-30

ABB group's appointed Bjorn Rosengren as chief executive

ABB group's board of directors unanimously decided to appoint Bjorn Rosengren as chief executive officer.He will join ABB on February 1, 2020 and succeed Mr Fussey as chief executive on March 1, 2020.Mr Fossey will then continue to focus on his role as group chairman.

Bjorn Rosengren (60 years old), a Swedish citizen, is an experienced international business executive and industrial business leader.He has been chief executive of sandvik, a global high-tech engineering group, since 2015.During his tenure, he oversaw the successful implementation of the decentralized structure and enhanced sandvik's profitability and financial strength.Prior to that, he served as CEO of wartsila group (2011-2015), an equipment manufacturer and service provider in the Marine and energy sectors.In addition, he worked for atlas copco, inc., the world's leading technology solutions provider in industry and construction for 13 years in various management positions (1998-2011).

"We are pleased that Bjorn Rosengren will be the new head of ABB, with a proven track record in value creation and the full range of management skills needed to lead the transformation of ABB.""After a thorough search, the board was convinced that Bjorn Rosengren would be the best candidate for the job," said ABB chairman and chief executive Michael fussey.He knows how to successfully build decentralized structures, empower businesses, foster a culture of collaboration, and improve performance.Bjorn Rosengren will work with our strong management team to drive ABB's strategy and deliver long-term value to all stakeholders in the company.

Bjorn Rosengren, CEO elect, said, "we are honored to join ABB, the global technology leader, after fulfilling our current commitments.At a time when global manufacturing is at a critical juncture, ABB must continue to provide its global customers with the best service and efficiency through its unique technology and digital solutions.I look forward to working with our new colleagues around the world to drive value creation by implementing the group's strategy and fully empowering our businesses and employees."

ABB (ABBN: SIX Swiss Ex) is a global technology leader providing comprehensive products, services and solutions to the digital industry.With a history of over 130 years of innovation, ABB has become a customer-focused digital industry leader with four of the world's leading businesses -- electrical, industrial automation, motion control, robotics and discrete automation, and the general ABB Ability™ digital platform.ABB's leading power grid business will be transferred to Hitachi group in 2020.ABB group operates in more than 100 countries and regions worldwide and employs 147,000 people.ABB has a full range of business activities in China, including research and development, manufacturing, sales and engineering services. It has 44 local enterprises and nearly 20,000 employees in over 130 cities, with online and offline channels covering about 700 cities nationwide.

 

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