Sandvik's CEO Resigns
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|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.