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Last Trade - 06/05/21

Sector
Industrials
Size
Large Cap
Market Cap £48.84bn
Enterprise Value £50.12bn
Revenue £19.29bn
Position in Universe 188th / 6849

New ABB CEO is committed to at least 5 years at company

Mon 12th August, 2019 8:57am
ZURICH, Aug 12 (Reuters) - New ABB  ABBN.S  Chief Executive
Bjorn Rosengren is committed to at least five years with the
Swiss engineering group, Chairman Peter Voser said on Monday.
    Age or nationality was also not an issue in appointing the
60-year-old Swedish executive, Voser told reporters. Rosengren,
the current CEO of Sandvik  SAND.ST  will turn 61, a month after
taking over at ABB next March.  urn:newsml:reuters.com:*:nL8N2580I5
    "Age didn't a play a role. What is important is the
experience, it's the focus, it's the empowerment of people, it's
the way a person drives the businesses. That is what is
important, age is not," Voser told reporters.
    "As he is 60 I am happy to say he is at least committed to a
minimum of five years, that is what we are all looking for to
drive the transformation of ABB forward over the next few
years."

 (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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