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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  ABB Ltd    ABBN   CH0012221716

ABB LTD

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ABB : New ABB CEO is committed to at least five years at company

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08/12/2019 | 04:22am EDT

ZURICH (Reuters) - New ABB Chief Executive Bjorn Rosengren is committed to at least five years with the Swiss engineering group, Chairman Peter Voser said on Monday.

Age or nationality was also not an issue in appointing the 60-year-old Swedish executive, Voser told reporters. Rosengren, the current CEO of Sandvik will turn 61, a month after taking over at ABB next March.

"Age didn't a play a role. What is important is the experience, it's the focus, it's the empowerment of people, it's the way a person drives the businesses. That is what is important, age is not," Voser told reporters.

"As he is 60 I am happy to say he is at least committed to a minimum of five years, that is what we are all looking for to drive the transformation of ABB forward over the next few years."

(Reporting by John Revill; Editing by Thomas Seythal)

Stocks treated in this article : Sandvik AB, ABB Ltd
Stocks mentioned in the article
ChangeLast1st jan.
ABB LTD 0.00% 20.15 Delayed Quote.7.78%
SANDVIK AB -0.16% 158.35 Delayed Quote.25.45%
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Financials (USD)
Sales 2019 28 621 M
EBIT 2019 1 737 M
Net income 2019 1 272 M
Debt 2019 6 285 M
Yield 2019 4,06%
P/E ratio 2019 35,8x
P/E ratio 2020 16,2x
EV / Sales2019 1,73x
EV / Sales2020 1,56x
Capitalization 43 097 M
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Number of Analysts 19
Average target price 22,07  $
Last Close Price 20,21  $
Spread / Highest target 48,7%
Spread / Average Target 9,25%
Spread / Lowest Target -19,2%
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Managers
NameTitle
Ulrich Spiesshofer President & Chief Executive Officer
Peter R. Voser Chairman
Timo J. Ihamuotila Chief Financial Officer
Jacob Wallenberg Vice Chairman
Matti Juhani Alahuhta Independent Non-Executive Director
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