“ABB's Board of Directors has unanimously appointed Björn Rosengren as CEO. He will come to ABB on February 1, 2020 and replace the current CEO Peter Voser on March 1, 2020. Peter Voser will then return to being only Chairman of the Board ”, ABB writes in a press release.

Sandvik's Chairman Johan Molin writes that the company will now begin the process of appointing "a very experienced and competent industrial leader" who can succeed Rosengren.

“This has not been an easy decision. Sandvik is a fantastic company with great future potential and I will continue to lead the organization with a strong commitment to the end of January ”, says Björn Rosengren according to a statement.

Sandvik's Board of Directors will hold a meeting on Monday to begin the work of appointing a new President and CEO.