Finance
ABB announces changes to board, Cevian representative to stand down
Published by Global Banking and Finance Review
Posted on January 30, 2025
1 min readLast updated: January 26, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 30, 2025
1 min readLast updated: January 26, 2026
ABB announces board changes with Lars Foerberg stepping down and Claudia Nemat proposed as a new member, to be decided at the March 27 meeting.
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)
Lars Foerberg, the managing partner of activist investor Cevian Capital, is standing down.
Claudia Nemat, a member of Deutsche Telekom's management board since 2011, has been proposed as a new board member.
The changes to ABB's board will be decided at its annual general meeting on March 27.
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