ZURICH, SWITZERLAND - The Board of ABB has appointed Björn Rosengren as Chief Executive Officer.

He will join ABB on February 1, 2020 and succeed CEO, Peter Voser, in this role on March 1, 2020. At that time Peter Voser will revert to his position at ABB solely as Chairman of the Board, the company said in the press release.

Björn Rosengren (60), a Swedish citizen, has been the CEO of Sandvik, a high-tech global engineering group, since 2015. Prior to that, he was CEO of Wärtsilä Corporation, and spent some thirteen years (1998-2011) in a variety of 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," 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."

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."

Source: ABB