Sandvik CEO steps down to join ABB

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ABB Ltd.'s board voted unanimously to appoint Sandvik AB President and CEO Björn Rosengren as its CEO.

Rosengren will join ABB on Feb. 1, 2020, and succeed Peter Voser on March 1, 2020.

Voser, who stepped in as interim CEO in April, will revert to his position as chairman of the board.

Sandvik said it will initiate the work to appoint Rosengren's replacement.