Morten Wierod to take over as new CEO of ABB in August
As announced by the company, the Board of Directors has appointed Wierod as the new Chief Executive Officer. The Norwegian will take up the post on 1 August. The current CEO Björn Rosengren will relinquish this position on 31 July and will leave ABB completely at the end of the year. “To ensure a seamless transition, Björn Rosengren will provide advice and support to Morten Wierod and the Executive Committee from 1 August 2024 until the end of the year,” the ad hoc announcement states.
As mentioned, 52-year-old Wierod has been with ABB since 1998 and has been a member of the Executive Committee since 2019. He is currently Head of the Electrification business unit, where he previously held responsibility as Head of the Drive Technology business unit. Morten Wierod holds a master’s degree in electrical engineering from the Norwegian University of Science and Technology.
It has not yet been decided who will succeed Wierod as Head of Electrification. The recruitment process for Morten Wierod’s previous position will be initiated shortly, according to reports. The decision to promote Wierod was apparently not made at short notice. He was “appointed by the Board of Directors after a careful selection process”, according to the Group.
“I am pleased that after a competitive selection process we are able to name an outstanding internal candidate to lead ABB. Morten is a strong successor to Björn with his deep understanding of ABB and our decentralized operating model in addition to his extensive expertise across our key customer segments and strong performance track record,” said Peter Voser, Chairman of the Board of Directors. “At the same time, the Board is extremely grateful to Björn for his outstanding leadership over the past four years. He was instrumental in aligning ABB’s business portfolio to our purpose and significantly improving our financial and sustainability performance thanks to our ABB Way operating model. Björn will hand over an efficient, more profitable and faster growing ABB.”
Wieord added: “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.”
And 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.”
0 Comments