The case in summary
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- Morten Wierød from Skien will become the new CEO of the industrial group ABB, taking over from Björn Rosengren on 1 August 2024.
- Wierød has worked at ABB since 1998 and has held several management positions in the company.
- He will lead a company with 105,000 employees and focus on the company’s decentralized operating model.
- Wierød is an electrical engineer from NTNU and has a deep understanding of ABB and their operating model.
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– I am grateful that the board has given me the opportunity to lead this wonderful company whose employees and technologies are central to the development towards a low-carbon society.
This is what the Ski Man, Morten Wierød, tells us.
On Friday morning, it became clear that he will step into the role of CEO of the industrial group ABB.
Wierød takes office on 1 August 2024, succeeding Björn Rosengren, who is retiring.
It has been a privilege to work with Rosengren, says Wierød.
– I will continue to focus on our decentralized operating model to ensure the full potential of the company’s market-leading position in electrification and automation, he says.
The Norwegian head office of ABB is located at Fornebu in Bærum with production operations and offices in Skien.
Photo: Britt Boyesen
Becomes boss of over 100,000
From August until the end of the year, Rosengren will advise and assist Wierød to ensure a smooth transition.
He will now be the head of a total of 105,000 employees.
– With Morten’s leadership, ABB will continue to focus on the company’s most important priorities while the new financial goals and sustainability goals remain firmly rooted, says Voser.
Skiensmannen has worked in the Swedish-Swiss industrial group since 1998.
– Morten is a strong successor to Björn with his deep understanding of ABB and our decentralized operating model in addition to his extensive expertise, says ABB’s chairman, Peter Voser.
Wierød has a degree in electrical engineering from NTNU and has previously held several management positions in the company.
ABB
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- ABB Ltd is a Swiss industrial group within energy and automation.
- The ABB Group comprises a large number of companies worldwide. The company’s core areas are power technology with the production of electrical equipment for power plants and systems for power transmission, as well as automation technology and robot systems.
- The group had a turnover of approximately 26 billion US dollars and around 105,000 employees in 2020. It is listed on the stock exchanges in Zurich, Stockholm and New York.
- The CEO from 2008 to 2013 was the American Joseph M. Hogan. From 2013 to 2019, Ulrik Spiesshofer was CEO, temporarily succeeded by Peter Voser. On 1 March 2020, Björn Rosengren took over the chief’s chair.
Source: Great Norwegian Lexicon