The myriad of changes surrounding Swiss technology and energy giant ABB once again includes a shift at the top of the company ladder.
ABB announced Monday that Sandvik CEO Björn Rosengren will take the reins beginning March 2020. He will replace Peter Voser, who has chaired the ABB board for several years but took the CEO role only this past April on an interim basis.
Voser praised Rosengren’s tough leadership abilities and as the perfect choice to guide ABB through its transformational goals. ABB is repositioning itself on the digital, power generation and grid fronts.
“After undertaking a thorough search, the board is convinced that (Rosengren) is the best candidate for the job,” Voser said in a statement. “He understands how to establish successful decentralized organizations, empower people and demonstrates the culture of cooperation and high performance.”
This change comes within a corporate whirlwind which began in December when ABB revealed it was selling its power grid business to Hitachi for about $11 billion. The deal is expected to close in the first half of 2020, according to reports.
A few months later, ABB replaced its global CEO. Then, a few months ago, ABB Americas head Greg Scheu announced he was retiring later this year. Former Current powered by GE CEO Maryrose Sylvester will succeed Scheu at the end of October.
Back in the Zurich headquarters, ABB CEO Voser will return to his sole position as chairman of the board once Rosenberg joins in seven months. He stepped into the interim CEO role after Ulrich Spiesshofer and the ABB board mutually agreed to part ways.
Rosengren has led global engineering firm Sandvik since 2025. Prior to that he was CEO of on-site power giant Wärtsilä Corp.
“ABB must continue to best serve the needs of global customers with a unique technology and digital solutions portfolio to help enhance their productivity,” Rosengren said.
ABB has nearly 150,000 employees in more than 100 countries.