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Morten Wierod, currently heading ABB’s electrification business, is the successor to Bjorn Rosengren, reflecting the company’s confidence in internal talent and continuity.
Transition Plan and Retiring CEO’s Role:
Rosengren, who led ABB’s overhaul since joining in 2020, will retire at year’s end, guiding Wierod during the transition period and leveraging his extensive industry experience.
ABB Chairman Peter Voser expresses confidence in Wierod’s leadership, highlighting his deep understanding of ABB’s operations and customer segments and his strong performance track record.
Also Read: Standard Chartered Rewards Shareholders Despite Underwhelming Growth
Rosengren’s Contributions and Achievements:
Under Rosengren’s leadership, ABB witnessed significant improvements in performance, including cost reductions, decentralization, share price growth, strategic divestments, and spin-offs.
Rosengren led transformative initiatives, including divesting non-core businesses and focusing on electrification and automation trends, positioning ABB as a purpose-driven leader in the industry.
Optimism for Future Opportunities:
Rosengren emphasizes ABB’s readiness to capitalize on emerging trends like electrification and automation, expressing confidence in the company’s ability to drive innovation and growth.
With over 105,000 workers, ABB aims to leverage its expertise and agility to navigate future challenges and opportunities, reaffirming its commitment to sustainability and innovation.
