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
ABB Board Restructuring: Cevian's Foerberg to Exit
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)
