Saab Names Magnus Örnberg as CFO

Defence and security company Saab has appointed Magnus Örnberg as chief financial officer (CFO). He will take up his position on 1 November 2012, and will become part of the group management team. Currently Örnberg is CFO at ABB’s largest division, Power Products, in Zürich. He holds a master’s degree from Stockholm School of Economics.

Örnberg started at ABB’s trainee programme in Västerås, Sweden, in 1990. He has worked as controller for the company’s businesses in Sweden, Indonesia, the Philippines, Malaysia and Slovakia. After this, he was appointed CFO for ABB in Sweden and the northern European region. During the past two years, he has held position as CFO for ABB’s global division, Power Products, at the group’s headquarters in Zürich.


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