About
Morten Wierod was appointed President of the Electrification business area effective April 2022 and has been a member of the Executive Committee since April 2019, when he was appointed President of the Motion business area. From 2015 to April 2019 he was Managing Director of the Drives business unit, and from 2011 to 2015 Managing Director of the Control Products business unit. He held various management roles with ABB between 1998 and 2011. Mr. Wierod was born in 1972 and is a Norwegian citizen.
Roles
ABB Ltd
President, Electrification · Current role
April 2019–present
ABB Motion
President of the Motion business area
April 2019 - April 2022
ABB Drives business unit
Managing Director
2015 - April 2019
ABB Control Products business unit
Managing Director
2011 - 2015
ABB
Various management roles
1998 - 2011
Norwegian University of Science and Technology
Master's degree, Electrical Engineering
1997
ABB (China)
Local manager, low voltage products
from 2008
Fixed Compensation
FY 2023
Pension benefits
CHF 505,842
Other benefits
CHF 685,145
Performance Compensation
Data from FY 2023
Cash incentive
Annual Incentive Plan (short-term incentive)
CHF 1,462,500
Stock awards
Long-Term Incentive Plan - PSU grant (fair value at grant)
CHF 988,423