ABB announces changes to board, Cevian representative to stand down
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FILE PHOTO: The logo of ABB is pictured at the Global Industrie exhibition in Villepinte near Paris, France, March 26, 2024. REUTERS/Benoit Tessier/File Photo
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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