Sandvik Chief Executive Rosengren to step down and join ABB as CEO [Reuters]
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Source: Reuters
Sandvik Chief Executive Rosengren to step down and join ABB as CEO - Reuters 2 Min Read STOCKHOLM (Reuters) - Swedish engineering group Sandvik’s ( SAND.ST ) Chief Executive Officer Bjorn Rosengren will step down next year and will join Swiss-Swedish robotics and engineering group ABB Ltd ( ABBN.S ) as CEO, the companies said in separate statements on Sunday. Rosengren, who has a reputation for being ruthless with underperforming divisions, will join ABB in February next year, ABB said. He will take over from acting ABB CEO Peter Voser in March, with Voser reverting to his position as chairman of the board at ABB, according to the company’s statement. Voser took over temporarily as head of ABB after Ulrich Spiesshofer left suddenly in April. Businesses which generate $3 billion of revenue, 11% of ABB’s total annual sales, are now under review and could be sold off or closed down, Voser told Reuters in a recent interview. Voser, the former Royal Dutch Shell CEO, who is also ABB’s c
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