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24 August, 2019

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Sandvik’s Björn Rosengren succeeds Voser as ABB’s CEO

12 August, 2019

ABB has named Björn Rosengren as its new chief executive officer, succeeding Peter Voser, who stepped into the role on an interim basis when former CEO Ulrich Spiesshofer resigned suddenly in April 2019. Rosengren, who is currently CEO of the global engineering group Sandvik, will join ABB on February 1, 2020, and will succeed Voser on March 1, 2020. Voser will then revert to his position at ABB solely as chairman of ABB’s board.

Rosengren, 60, is a Swedish citizen and has been CEO of Sandvik since 2015. During this time, he has overseen the successful implementation of a decentralised structure and improved Sandvik’s profitability and financial strength. From 2011-2015, he was CEO of Wärtsilä Corporation, which manufactures and services power sources and other equipment for the marine and energy markets. Prior to that, he spent 13 years (1998-2011) in various management roles at Atlas Copco.

“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. “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 decentralised organisations, 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.”

ABB's incoming CEO, Björn Rosengren

Rosengren says he is “honoured to have the opportunity to join ABB, a truly global technology leader. 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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