The ABB Board of Directors has appointed Morten Wierod as the new Chief Executive Officer, succeeding Björn Rosengren. Wierod, a 52-year-old Norwegian, will assume office on August 1, 2024.
Rosengren will step down from his CEO role on July 31, 2024, retiring on December 31, 2024. From August 1, 2024, until the end of the year, Rosengren will support Wierod and the Executive Committee to ensure a smooth transition.
Wierod’s appointment follows a thorough selection process by the Board. He has been with ABB since 1998 and has been a member of the Executive Committee since 2019, currently overseeing the Electrification Business Area. With a Master’s Degree in Electrical Engineering from the Norwegian University of Science and Technology, Wierod brings a wealth of experience to his new role.
Chairman Peter Voser expressed satisfaction with Wierod’s appointment, highlighting his comprehensive knowledge of ABB’s operations and customer segments. Voser praised Rosengren for his leadership in enhancing ABB’s performance and aligning its business portfolio with the company’s objectives.
Morten Wierod commented: “I am grateful that the Board has given me the opportunity to lead this great company with its people and technologies that are at the heart of building a low-carbon society. It has been a privilege to work alongside Björn over the past years. After we have set more ambitious financial and sustainability standards not long ago, I will continue building on our decentralized operating model to capture the full potential of our market leading positions in electrification and automation.”
Björn Rosengren commented: “It has been an honor to lead ABB over the past years and I am convinced that the company will be in good hands with Morten. Together with our more than 105,000 people, we have transformed ABB into an agile and purpose-driven leader in electrification and automation that has an important role in helping to accelerate the energy transition. I am convinced that ABB is in a unique position to seize the opportunities ahead.”
A search process will soon commence to fill Wierod’s current position as President of the Electrification Business Area.
Source :ABB
