Make Kitco Your Homepage

Sandvik's CEO Resigns

Kitco News

Editor's Note: We are proud to unveil our new mining page, an entire space dedicated to up-to-the-minute news, with exclusive industry interviews and all the relevant information you need, rounded in up in one spot. Who is merging? Who is Buying? Who is Digging? We got you covered!

Photo of Björn Rosengren courtesy of Sandvik

(Kitco News) - Björn Rosengren, president and CEO of Sandvik, is leaving the company to head ABB. 

Sandvik announced Rosengren’s (60) departure today. The company's board of directors is meeting "to initiate the process" to choose a successor.

"Björn Rosengren has, since he joined Sandvik in November 2015, established a solid decentralized business model for the company and made the organization more flexible and efficient", said Johan Molin, Chairman of the Board for Sandvik in a statement.

"The Board is very grateful for his and all the employees' work during these years. We will initiate the process to assign a very experienced and competent industrial leader that can succeed Björn in the role as President and CEO and continue to develop the company even further."

ABB has 147,000 employees with business units in electrification, industrial automation, motion, and robotics and discrete automation.

Sandvik has 42,000 employees with business units in machining, mining and materials technology.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Precious Metal Charts

Follow Kitco News