Private Equity
* Rosengren will start new position in March (Adds share price, and investor comment): ZURICH (Reuters) - ABB (ABBN.S) shares jumped almost 4% in early Monday trading as investors welcomed news the Swiss engineering group had poached Bjorn Rosengren from Swedish mining equipment firm Sandvik (SAND.ST) to be its next chief executive. Rosengren will take over at the Zurich-based maker of industrial drives and robots in March, the company said on Sunday. ABB, whose previous CEO Ulrich Spiesshofer left suddenly in April, is in the middle of overhauling its business following years of lackluster profit and bungled acquisitions.

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