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ABB - Abb News Story

$34.22 1.0  2.9%

Last Trade - 14/05/21

Sector
Industrials
Size
Large Cap
Market Cap £48.94bn
Enterprise Value £50.20bn
Revenue £19.03bn
Position in Universe 186th / 6846

Rosengren is ideal candidate to transform ABB, says Chairman

Mon 12th August, 2019 6:21am
ZURICH, Aug 12 (Reuters) - ABB  ABBN.S  Chairman Peter Voser
said he was convinced he had got the right man to transform the
Swiss engineering group after it announced Sandvik  SAND.ST 
boss Bjorn Rosengren would become its next chief executive.
    Rosengren will take over at the Zurich-based maker of
industrial drives and robots in March, the company said on
Sunday, with Voser reverting to his position as Chairman.
 urn:newsml:reuters.com:*:nL4N25708O
    "As my successor as CEO, Bjorn Rosengren is the ideal
candidate to take ABB forward, together with our strong team on
the Executive Committee. He understands how to empower people to
perform and create long-term value," Voser said in a tweet on
Monday.
    "As a highly experienced manager with a proven track record
in leading industrial businesses, Bjorn brings exactly the
managerial skills ABB needs during the next stage of its
transformation," Voser added. 

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