Morten Wierød
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Morten Wierød | |
|---|---|
| Born | 1972 |
| Nationality | Norwegian |
| Alma mater | Norwegian University of Science and Technology |
| Occupation | business executive |
| Years active | 1998–present |
| Title | President and CEO of ABB Ltd |
| Board member of | Group Executive Committee of ABB Ltd |
| Children | 2 |
Morten Wierød (born 1972 in Skien) is a Norwegian business executive, who is President and CEO of ABB Ltd, Switzerland. He succeeded Björn Rosengren as ABB CEO in August 2024.[1][2] He has been a member of ABB's Executive Committee (EC) since 2019, and has run two of its business areas, Electrification and Motion.[3][4]
Early life and education
[edit]Wierød graduated from the Norwegian University of Science and Technology (NTNU) in 1997 with a master's degree in Electrical Engineering.[1][5][6]
Career
[edit]Wierod joined ABB as a graduate engineer in 1998, ten years after BBC (Brown, Boveri & Cie) of Switzerland and ASEA of Sweden merged to form ABB.[5][7] His first job was as an Area Sales Manager at ABB in Norway.[8] Within five years, he was put in charge of an ABB factory near Oslo and prevented its potential closure.[7] In 2008, he moved to ABB's subsidiary in China, where he served as Local Business Unit Manager for the Low Voltage Products Division.[9][1]
In 2011, he moved to Switzerland, where he took on the role of Managing Director for the Control Products Business Unit within the Low Voltage Products Division. He advanced to Managing Director of the Drives Business Unit in the Robotics and Motion Division in 2015, and in 2019, he was appointed President of the Motion business area, simultaneously joining ABB's Group Executive Committee.[10][6] In 2022, Wierød became President of the Electrification business area.[9][3]
In the two years that he was in charge of ABB's Electrification business, Wierød increased revenues by 15 percent and the operational EBITA margin from 16 to 20 percent.[7]
Since August 2024, Wierød has been CEO of ABB Ltd in Switzerland, having succeeded Björn Rosengren.[2][11] As CEO, he announced that he would maintain the decentralized operating model introduced by Rosengren and advance the company's growth through investments and acquisitions.[7]
Personal life
[edit]Wierød is married to a biophysicist, and the couple have two children.[1]
References
[edit]- ^ a b c d "Morten Wierod". Munzinger-Archiv (in German). Retrieved 7 January 2025.
- ^ a b Fischer, Bernhard (5 August 2024). "Morten Wierod steht vor einer harten Beweisprobe". Handelszeitung (in Swiss High German). Retrieved 7 January 2025.
- ^ a b "UpNano Hires Erika Bechtold as Company Expands US Presence: People in the News". Photonics. 2 March 2022. Retrieved 7 January 2025.
- ^ "Morten Wierod". ABB Group. Retrieved 7 January 2025.
- ^ a b Triebe, Benjamin (23 February 2024). "Neuer Chef für ABB: Björn Rosengren übergibt überraschend schnell an Morten Wierod". Neue Zürcher Zeitung (in Swiss High German). ISSN 0376-6829. Retrieved 7 January 2025.
- ^ a b Randall, Chris (23 February 2024). "Morten Wierod to take over as new CEO of ABB in August". Electrive. Retrieved 7 January 2025.
- ^ a b c d Triebe, Benjamin (12 November 2024). "Krönung einer Familiengeschichte: Morten Wierod ist CEO von ABB. Wer ist der Norweger?". Neue Zürcher Zeitung (in Swiss High German). ISSN 0376-6829. Retrieved 7 January 2025.
- ^ "ABB wechselt Konzernchef aus – Wierod folgt auf Rosengren". Handelsblatt (in German). 23 February 2024. Retrieved 7 January 2025.
- ^ a b "Morten Wierod CV" (PDF). ABB. Retrieved 7 January 2025.
- ^ Zulauf, Dani (12 July 2024). "Der neue ABB-Chef muss schnell flügge werden". Börsen-Zeitung (in German). Retrieved 7 January 2025.
- ^ Behrmann, Elisabeth (23 February 2024). "ABB Names Wierod as New CEO to Replace Rosengren From Aug. 1". Bloomberg. Retrieved 7 January 2025.