Hexagon AB's Nomination Committee proposes the election of Mr. Björn Rosengren as new Vice Chairman of the Hexagon Board of Directors
Rhea-AI Summary
Hexagon AB has announced that its nomination committee proposes Björn Rosengren as new Vice Chairman of the Board at the Annual General Meeting on May 5, 2025. This move is part of succession planning as current Chairman Ola Rollén has indicated his intention to step down at the 2026 AGM after 26 years on the board. Rosengren, who previously served as CEO of ABB and Sandvik AB, will be positioned to take over the chairmanship. The announcement also notes that board member Brett Watson will not seek re-election in 2025.
Hexagon is a global leader in precision technologies with approximately 24,500 employees across 50 countries and net sales of about 5.4bn EUR.
Positive
- Strategic succession planning with experienced industry leader Björn Rosengren
- Orderly transition process with one-year overlap between incoming Vice Chairman and outgoing Chairman
Negative
- Departure of long-standing Chairman Ola Rollén in 2026 after 26 years creates continuity risk
- Board member Brett Watson's decision not to seek re-election indicates additional board turnover
"I have spent most of my working career building and growing Hexagon. It's been an adventure to have experienced Hexagon's rapid growth, and it has given me fantastic memories and many good friends. I feel the time is approaching for Hexagon and I to part ways and I have the chance to spend my time on other projects in life. It's time that a new management and a new board takes over the baton. I wish Björn all the success in his new challenge, to take Hexagon into the next growth phase," Says Ola Rollén, Chairman of the of the Board of Hexagon.
"I have followed Hexagon's development under Ola's leadership with great admiration, respect and interest. It will be exciting to continue to create value for Hexagon's customers, employees and shareholders together with Ola, the Board and management," Says Mr. Björn Rosengren.
Brett Watson has separately informed the nomination committee that he will not be available for re-election in 2025.
For further information, please contact:
Tom Hull, Head of Investor Relations, Hexagon AB, +44 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations Manager, Hexagon AB, +46 8 601 26 26, ir@hexagon.com
This information is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 4 December 2024.
Hexagon is the global leader in precision technologies at any scale. Our digital twins, robotics and AI solutions are transforming the industries that shape our reality.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,500 employees in 50 countries and net sales of approximately
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
Hexagon AB's Nomination Committee proposes the election of Mr. Björn Rosengren as new Vice Chairman of the Hexagon Board of Directors |
View original content:https://www.prnewswire.com/news-releases/hexagon-abs-nomination-committee-proposes-the-election-of-mr-bjorn-rosengren-as-new-vice-chairman-of-the-hexagon-board-of-directors-302322122.html
SOURCE Hexagon
FAQ
When will Björn Rosengren join Hexagon AB (HEXA) as Vice Chairman?
When will Ola Rollén step down as Chairman of Hexagon AB (HEXA)?
What is Björn Rosengren's previous experience before joining Hexagon AB (HEXA)?
