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Björn Rosengren has been President and CEO of ABB, a leading technology company in the fields of electrification and automation with around 105,000 employees, since 2020 and is one of Europe’s most influential managers. He is the recipient of the Order of the White Rose of Finland, the Gustaf Dalén medal, was named “Leader of the Year” by the Swedish magazine Affärsvärlden, and voted the most popular CEO of Switzerland by Swiss newspaper “Sonntagszeitung”. From 2015 to 2020, Mr. Rosengren was President and CEO of Sandvik, a Swedish technology group in the manufacturing, mining, and infrastructure industries with approximately 40,000 employees and operations in around 150 countries. Prior to that, he spent four years as President and CEO of Wärtsilä, a global leader in technologies and lifecycle solutions for the marine and energy markets, based in Finland and employing around 20,000 people. From 1998 to 2011, he worked for Atlas Copco in various management positions. Mr. Rosengren holds a Master of Science in Technology from Chalmers University of Technology in Gothenburg, Sweden. ______________________________________ The CEO Leadership Series is the flagship event series of the Technical University of Munich (TUM) at the Heilbronn campus. The goal of the event series is to connect top managers with young students in order to promote a fruitful dialogue. The guests first hold a panel discussion with the host about their careers and organizations, and then respond to questions from the students in a Q&A session. This gives students valuable insights into the fascinating and exciting life and work of successful and renowned managers. ______________________________________ 00:00 Teaser 01:41 Intro 04:57 Opening response 06:31 Childhood and university 09:10 First job and decentralization 11:08 Joining Atlas Copco 16:08 Realizing the need for decentralization 17:55 Accountability eats synergy for lunch 19:12 Shifting power 24:57 Career advice 26:06 Being a good leader 30:25 Cultural differences 32:43 Becoming CEO of Wärtsilä in Finland 35:26 Joining Sandvik as CEO 36:52 CEO of ABB 41:13 Goals for ABB 42:54 Analysts, investors, and purpose 47:49 ABB as an employer 48:43 Day in the life of a CEO 51:30 Music, food, hobbies, books 54:33 Accomplishment, legacy 56:11 **Start of Q&A** 56:24 Most difficult decision 57:43 Balancing professional and personal life 59:34 Essential leadership principles 1:04:00 Who do you want to have dinner with? 1:05:19 Most important person you have met 1:06:00 Influence of engineering background 1:07:50 Difficulties in decentralization 1:09:43 Leadership as CEO and father 1:13:50 Renewable energy technology 1:17:21 Future trends in robotics 1:19:01 Generative AI 1:21:41 Working in China 1:23:49 Lessons from the pandemic 1:25:57 Sustainability 1:27:04 Formula E 1:29:11 Plans for retirement 1:31:06 Competitors 1:32:57 End Music: Good Morning by MaxKoMusic