A Swedish-Swiss multinational corporation, ABB has announced the appointment of Morten Wierod as CEO.
The ABB Board of Directors has appointed Morten Wierod as Chief Executive Officer effective August 1, 2024. Morten Wierod will succeed Björn Rosengren, who will step down from his position as Chief Executive Officer effective July 31, 2024, and retire as of December 31, 2024.
From August 1, 2024, until the end of the year, Björn Rosengren will advise and assist Morten Wierod and the Executive Committee to ensure a seamless transition.
Morten Wierod has been appointed by the Board following a thorough selection process. He joined ABB in 1998 and has been serving as a member of ABB’s Executive Committee since 2019, currently as President of the Electrification Business Area and previously as President of the Motion Business Area.
ABB Chairman Peter Voser said: “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”, Peter Voser added.
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.”
A search process for Morten Wierod’s existing position as Business Area President Electrification will be launched shortly.
Morten Wierod holds a Master’s Degree in Electrical Engineering from the Norwegian University of Science and Technology.
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