ABB's board of directors has approved the appointment of Björn Rosengren, president and ceo. He comes to ABB on February 1, 2020, and will replace the current ceo, Peter Voser on march 1, 2020. Peter Voser will return to being chairman of the board”, said ABB in a statement.

Sandvik's chairman of the board Johan Molin, writing that the company will now begin the process to appoint a very experienced and talented industrial leaders,” who can be the successor to the Stockholm.

”It has not been an easy decision. The Sandvik is a great company with great potential, and I'm going to continue to lead the organization with a strong commitment to the end of January,” says Björn Rosengren, according to the statement.

Sandvik's board of directors had decided on Monday to hold a meeting in order to commence the work, with the appointment of a new managing director and chief executive officer.