Björn Rosengren nominated as new Vice Chairman amidst leadership transitions at Hexagon

In Stockholm on December 4, 2024, Hexagon AB's nomination committee announced its proposal to elect Mr. Björn Rosengren as the new Vice Chairman of the Board of Directors during the upcoming Annual General Meeting (AGM) scheduled for May 5, 2025. This decision reflects strategic planning by the committee concerning an anticipated succession in leadership roles within the company. The current Chairman of Hexagon, Ola Rollén, has publicly stated that he intends to resign from his position at the AGM in 2026 after two and a half decades of serving on the board. Mr. Rollén emphasized that after years of dedication, both to Hexagon and his role as Chairman, he feels it is time for new management and leadership to guide the company forward. His statement highlighted the importance of continuity in leadership while also acknowledging the need for fresh perspectives to foster future growth for Hexagon. Mr. Björn Rosengren, whose appointment would follow Mr. Rollén's tenure, is recognized for his previous leadership experience as CEO of ABB Ltd. and Sandvik AB. Rosengren expressed his admiration for the company under Rollén's leadership and conveyed enthusiasm for continuing to create value for Hexagon’s stakeholders moving forward. This shift marks significant ongoing changes within the organization, as company culture and management practices typically evolve with new leadership. Furthermore, Brett Watson, another member of the board, declared that he would not seek re-election in 2025, leading to further transformation of the board's composition. Notably, Hexagon has established itself as a global leader in precision technologies with a considerable workforce and sales revenue, poised to move into its next growth phase with the new leadership. These developments signal a pivotal moment for Hexagon as it prepares for future challenges and opportunities in a competitive environment.