Bjorn Rosengren, president and CEO of Sandvik, intends to resign and leave the company on February 1, 2020. He will join ABB and succeed Peter Voser as CEO effective March 1, 2020.
The Sandvik Board of Directors are now starting to work to appoint a new president and CEO for Sandvik.
“Since he joined Sandvik in November 2015, Bjorn Rosengren has established a solid decentralised business model for the company and made the organisation more flexible and efficient. 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 Bjorn in the role as President and CEO and continue to develop the company even further,” says Johan Molin, Chairman of the Board for Sandvik.
Rosengren is a highly experienced, international executive and leader of industrial businesses. As CEO of Sandvik, he has overseen the successful implementation of a decentralised structure and improved both the profitability and financial strength of the company. Prior to that, he was CEO of Wartsila Corp., which manufactures and services power sources and other equipment for the marine and energy markets (2011-2015), and spent some thirteen years (1998-2011) in a variety of management roles at Atlas Copco, a world leading provider of sustainable productivity solutions.
“This has not been an easy decision. Sandvik is a great company with a lot of future potential and I will continue to lead the organisation with a strong commitment until end of January,” says Rosengren.
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