ABB shares jumped almost 4% in early Monday trading as investors welcomed news t...
FILE PHOTO: The logo of Swiss power technology and automation group ABB is seen at the Swiss Economic Forum conference in Interlaken, Switzerland May 24, 2019. REUTERS/Arnd Wiegmann/File Photo
ABB, whose previous CEO Ulrich Spiesshofer left suddenly in April, is in the middle of overhauling its business following years of lackluster profit and bungled acquisitions. “As my successor as CEO, Bjorn Rosengren is the ideal candidate to take ABB forward, together with our strong team on the Executive Committee. He understands how to empower people to perform and create long-term value,” Voser said in a tweet.
ABB, whose shares have lost 14% of their value over the last five years, is selling its power grids business to Hitachi and last month announced a deal to quit the solar energy inverters business.
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