Bjorn to Lead

ABB’s new CEO: Bjorn Rosengren, of Sandvik & Wartsila fame, will take the lead in 2020

It’s about that time again…ABB has a new CEO. The industrial-tech conglomerate has had a busy 2019—not solely with its bread & butter of M&A transactions—but with a bit of executive shuffle, as well.bjornabb

First, Ulrich Speisshofer abruptly stepped down from the CEO position in April, a spot he’d held since 2013. Then Maryrose Sylvester was appointed to lead ABB’s electrification business in late June. The choice to take over as new CEO in 2020 is Björn Rosengren, an experienced international executive who has run both Swedish engineering company Sandvik and the Finnish manufacturer Wartsila in the past decade. Prior to that, Rosengren had extensive experience at Atlas Copco, which is based in Sweden as well.

The Board of ABB unanimously appointed Rosengren as Chief Executive Officer and made the announcement via company news release August 11, which was sent to Electrical Apparatus. Rosengren will join ABB on February 1, 2020 and succeed interim CEO Peter Voser in the role as of March 1, 2020. Voser, who had filled in since Ulrich Speisshofer’s surprising departure in April, will revert to his position at ABB solely as Chairman of the Board.

Björn Rosengren (60), a Swedish citizen, is a highly experienced, 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, which manufactures and services power sources and other equipment for the marine and energy markets (2011-2015) and spent some thirteen years (1998-2011) in a variety of management roles at Atlas Copco, a world leading 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,” said ABB Chairman and current CEO, Peter Voser. “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.”

CEO-designate, Björn Rosengren, said: “I am honored to have the opportunity to join ABB, a truly global technology leader, after I have completed 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.”

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