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Home > Finance > ABB announces changes to board, Cevian representative to stand down

Finance

ABB announces changes to board, Cevian representative to stand down

Published by Global Banking and Finance Review

Posted on January 30, 2025

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ZURICH (Reuters) - ABB on Thursday announced planned changes to its board of directors, with Lars Foerberg, the managing partner of activist investor Cevian Capital, standing down.

The engineering company also proposed Claudia Nemat, a member of Deutsche Telekom's management board since 2011, as a new board member to be decided at its annual general meeting on March 27.

(Reporting by John Revill, editing by Rachel More)

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