Björn Rosengren, the CEO of Sandvik, is rumored to be the likely successor to Ulrich Spiesshofer and become the new CEO of ABB, according Swedish financial newspaper Dagens industri.
Spiesshofer left his role with the title partner of the ABB FIA Formula E Championship earlier this month after being instrumental in the partnership with the all-electric series.
Reports suggest that Rosengren is a likely candidate to fill the role after a successful corporate career with the high technology engineering group.
Sandvik itself has previous experience in motorsport when it backed 2017 World Touring Car champion Thed Bjork in his earlier career in the 2001 FIA Sportscar Championship.
Rosengren has recently overseen significant structural changes at Sandvik, which he joined in 2015.
Prior to that, he previously worked in the Wallenberg sphere as CEO of Wärtsilä and business area manager at Atlas Copco. ABB is also part of the same grouping.
It is currently unclear what Spiesshofer’s next career move will be but a Formula E source told e-racing365 in Paris last weekend that he would visit Formula E races in the future.
Formula E itself is believed to be close to announcing a new CEO after Alejandro Agag is phased out of the position.
Agag was made Chairman in December 2018 and will dovetail his new role with his ongoing plans for the Extreme E series which is set to debut in early 2021.