Morten Wierod: Difference between revisions
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Created page with "== Overview == {{Infobox person | name = Morten Wierod | honorific_prefix = | honorific_suffix = | image = morten-wierod.jpg | birth_date = 1972 | birth_place = Skien, Norway | citizenship = Norwegian | education = Master's degree in electrical engineering | alma_mater = Norwegian University of Science and Technology (NTNU) | occupation = Business executive and engineer | employer = ABB Ltd. | title = President and CEO of ABB Ltd. | term = 1 August 2024 – present | p..." |
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🤖 '''Divestment of robotics division.''' One of the most notable portfolio moves of Wierod’s early tenure came in late 2025, when ABB agreed to sell its longstanding Robotics division to SoftBank for approximately US$5.4 billion.<ref name="softbank">{{cite web |url=https://group.softbank/media/Project/sbg/sbg/news/press/2025/20251008/pdf/20251008_en.pdf |title=Acquisition of ABB Ltd’s Robotics Business |publisher=SoftBank Group |accessdate=2025-11-20}}</ref> The transaction, framed as a strategic partnership that would combine ABB’s robotics technologies with SoftBank’s capabilities in artificial intelligence, signalled a willingness to reshape ABB’s portfolio even in historically important areas. Wierod characterised SoftBank as “an excellent new home for the business and its employees” and argued that the combination would help define the next era of smart automation.<ref name="softbank" /> Analysts interpreted the divestment as a move to concentrate ABB’s resources more squarely on electrification and industrial automation software while maintaining exposure to robotics through collaboration.<ref name="softbank" />
📈 '''Financial performance under his leadership.''' ABB’s results during Wierod’s early years as CEO have shown continued strength. The company reported record-high orders in 2025 and improvements in profitability, reflecting broad-based demand across its key markets.<ref name="abb-q2">{{cite web |url=https://www.webdisclosure.com/press-release/abb-ltd-etr-q2-2025-results-pyjesxdPuIv |title=ABB Ltd
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