{"id":1132022,"date":"2019-08-12T05:53:58","date_gmt":"2019-08-12T10:53:58","guid":{"rendered":"https:\/\/www.mining.com\/?p=999063"},"modified":"2019-08-12T05:53:58","modified_gmt":"2019-08-12T10:53:58","slug":"sandvik-ceo-leaves-company-to-lead-swiss-abbs-overhaul","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1132022","title":{"rendered":"Sandvik CEO leaves company to lead Swiss ABB\u2019s overhaul"},"content":{"rendered":"<p>Sandvik (STO: SAND) chief executive officer, Bjorn Rosengren, is <a href=\"https:\/\/new.abb.com\/news\/detail\/29207\/abb-names-bjorn-rosengren-as-ceo\"  rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">leaving the Swedish mining equipment maker<\/a> in November to lead Swiss engineering giant ABB (SWX: ABBN), which is in the midst of a major overhaul that would leave it more focused on robotics and automation.&nbsp;<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>Rosengren (60), spent the last four years at Sandvik\u2019s helm implementing a plan to decentralize it in order to make it more efficient and flexible. He will assume the new top post at ABB in February, taking over from chairman Peter Voser, who has been acting as interim CEO since Ulrich Spiesshofer abruptly stepped down in April amid pressure from major investors. <\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>During Rosengren\u2019s tenure, Sandvik shares gained more than 70%.<\/p>\n<\/blockquote>\n<\/figure>\n<p>ABB has locked Rosengren into a<br \/>\nminimum five-year contract, the company said. Prior to his Sandvik time, he headed<br \/>\nWartsila Corporation, which makes power systems for the marine and power<br \/>\ngeneration markets.<\/p>\n<p>The Swiss engineer spent his<br \/>\nformative years at Atlas Copco, a mining solutions provider known by its culture<br \/>\nof manager responsibility and asset-light production, which has been emulated<br \/>\nat other Nordic companies.&nbsp;<\/p>\n<p>Activist investor Cevian Capital, ABB&#8217;s<br \/>\nsecond largest shareholder with a 5.3% stake, said it fully supported the<br \/>\nappointment of Rosengren. The investment firm had been critical of&nbsp;ABB&#8217;s<br \/>\ncomplicated structure and had campaigned for a separation of its power grids division,<br \/>\nwhich is now being sold to Hitachi Ltd. for about $6.4 billion.<\/p>\n<p>Sandvik chairman, Johan Molin, said the company would<br \/>\nembark on the hunt for a new CEO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 60-year-old executive will take the helm in March after more than four years with Sandvik.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[2648,369,2857],"tags":[],"class_list":["post-1132022","post","type-post","status-publish","format-standard","hentry","category-careers","category-miningcom","category-suppliers-equipment"],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1132022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1132022"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1132022\/revisions"}],"predecessor-version":[{"id":1132129,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/1132022\/revisions\/1132129"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1132022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1132022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1132022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}