Peter Voser is the current Chairman of the Board of Directors at ABB Ltd, a position he has held since 2014. He has a wealth of experience in the industry, having previously served as the CEO of Royal Dutch Shell.
Peter Voser took over as CEO of ABB Ltd in 2008, succeeding Fredrik Rujault. During his tenure, he played a key role in shaping the company's strategy and growth.
Peter Voser's leadership has been instrumental in ABB Ltd's expansion and diversification efforts.
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About the CEO
Björn Rosengren is the new CEO of ABB, appointed unanimously by the Board of ABB.
He will join ABB on February 1, 2020, and succeed CEO Peter Voser on March 1, 2020.
Björn Rosengren is a Swedish citizen with a proven track record of value creation and managerial skills.
He has been the CEO of Sandvik, a high-tech global engineering group, since 2015, overseeing a successful decentralized structure and improved profitability.
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Prior to Sandvik, he was CEO of Wärtsilä Corporation from 2011-2015 and spent 13 years in various management roles at Atlas Copco.
Björn Rosengren understands how to establish successful decentralized organizations, empower people, and demonstrates a culture of cooperation and high performance.
He will drive ABB's strategy and deliver long-term value to all stakeholders, working with the strong management team and global colleagues.
Key Information and Analysis
The CEO of ABB Ltd holds a significant amount of power, with a salary that accounts for 21.93% of the company's total compensation.
ABB's management team has an average tenure of 3.9 years, which is slightly longer than the CEO's tenure of 3.3 years. This suggests that the company has a relatively stable leadership structure.
The board of directors, however, has an average tenure of 6.8 years, which is significantly longer than both the CEO and management team. This could indicate that the board is more experienced and has a longer-term perspective.
Key Information
The CEO's compensation package is quite significant, taking up a whopping 21.93% of the company's salary budget.
The CEO's tenure is relatively short, lasting around 3.3 years on average.
CEO ownership is minimal, with a mere 0.01% stake in the company.
Management tenure is also relatively short, with an average of 3.9 years.
The board of directors, on the other hand, seems to have a longer average tenure of 6.8 years.
Here's a quick rundown of the key information:
Analysts' Consensus
Analysts have a cautiously optimistic view of the company's future, with a consensus recommendation of 2.5 out of 5 buy ratings.
The average price target among analysts is $45.50, indicating a potential upside of 15% from the current stock price.
Analysts are expecting a 12% increase in revenue and a 10% increase in earnings per share over the next year.
The company's strong financial position and growing market share are major contributors to analysts' positive outlook.
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