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ABB - Abb News Story

$33.26 0.7  2.1%

Last Trade - 13/05/21

Sector
Industrials
Size
Large Cap
Market Cap £47.58bn
Enterprise Value £48.85bn
Revenue £19.09bn
Position in Universe 189th / 6851

ABB's largest shareholder pleased with new CEO appointment

Mon 12th August, 2019 6:31am
ZURICH, Aug 12 (Reuters) - ABB's  ABBN.S  largest
shareholder Investor AB  INVEb.ST  is pleased with the
appointment of Bjorn Rosengren as the new chief executive of the
engineering group, the Swedish investment company said on
Monday.
    "We welcome the appointment of Bjorn Rosengren, who we
believe is the right person to lead ABB during the next phase of
its journey," said Johan Forssell, CEO of Investor which holds
an 11.2% stake in ABB.
    "From his previous leading roles in several companies, he
has a proven track record in driving a decentralized culture,
improving performance and delivering value."
    

 (Reporting by John Revill
Editing by Thomas Seythal)
 ((John.Revill@thomsonreuters.com; +41 58306 7022; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))
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