Swedish asset in the management of Swiss group’s Czech subsidiary
Theodor Swedjemark has been appointed as new manager of ABB Czech Republic’s Low Voltage Products division
Prague, March 7th 2014 – ABB, a leading supplier of power and automation technology, announced the appointment of Theodor Swedjemark as a Local Division Manager for the Low Voltage Products division. Over his 8 years with ABB, Mr Swedjemark has participated in executing a number of successful acquisitions, such as the acquisitions of Baldor, EL-BI, Lorentzen & Wettre as well as software companies Ventyx and Newron System. Mr Swedjemark was previously based in Zürich where he had global responsibility for the Low Voltage Products and Power Products divisions within ABB’s Mergers & Acquisitions function.
“The Czech Low Voltage Products division has a very good reputation and position, and I am honoured to join such a successful team,” Mr Swedjemark said, adding: “The vision is to work closely with the entire team to together define and execute a growth plan for our business. There are many growth opportunities both within our division as well as across the other businesses within of ABB Czech Republic.”
Mr Swedjemark holds a M.Sc. degree in Finance and Management Control from University of Linköping in Sweden. Besides having lived Sweden and Switzerland he has also lived in the US, Germany as well as Malaysia where he worked at the Swedish Embassy in Kuala Lumpur. He has been with ABB since 2006.
Theodor Swedjemark is a Swedish citizen and, along with his native language, speaks English and German. He loves playing the piano and is an avid collector of music records of various genres.
ABB (www.abb.cz) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 150,000 people. In the Czech Republic, it operates in 8 locations and employs more than 3,300 people.