Ulrich Spiesshofer takes over as ABB’s new Chief Executive Officer

Ulrich Spiesshofer has succeeded Joe Hogan as chief executive officer of ABB, the leading power and automation technology group, following the three-month orderly transition period announced earlier this year. Hogan will continue as advisor to the Board until the end of March 2014.

In a welcoming statement, Hubertus von Grünberg, Chairman of ABB’s Board of Directors, said: "Ulrich Spiesshofer has an outstanding track record forming and developing high performing teams and has demonstrated excellent strategy and execution skills.” He added that Spiesshofer enjoys the full support of the entire Board. “We look forward to a close cooperation with Ulrich to further develop ABB's power and automation business under his leadership.”

ABB announced Spiesshofer’s appointment as CEO on June 17. For further information on his background and career, please refer to the June press release.

"I look forward to working with ABB’s strong team to deliver continued profitable growth against our strategy and create long-term value for our customers, employees and shareholders," Spiesshofer said. “In these challenging economic times, we will focus as a team relentlessly on customer satisfaction, quality and execution.”

Brief Profile of Ulrich Spiesshofer:

Born March 26, 1964 – German citizen

Education

1991   PhD in Economics, University of Stuttgart, Germany

1989   Masters Degree in Business Administration and Engineering, University of Stuttgart, Germany

Professional experience:

ABB   2013 to date   CEO of ABB Group worldwide – ABB Ltd, Switzerland

2010 – 2013   Head of Discrete Automation and Motion division Member of the Group Executive Committee, ABB Ltd, Switzerland

2005 – 2009   Head of Corporate Development Member of the Group Executive Committee, ABB Ltd, Switzerland Roland Berger Strategy Consultants

2002 – 2005   Senior Partner, Global Head Operations Practice – Roland Berger AG, Switzerland A.T. Kearney

2001 – 2002   Managing Director – A.T. Kearney International AG, Switzerland, Member European Operating Committee

1999 – 2001   Leader Asian Operations Practice – A.T. Kearney Pty. Ltd., Australia

1996 – 1999   Member Australian Leadership Team – A.T. Kearney Pty. Ltd., Australia

1991 – 1996   Associate/Manager/Principal – A.T. Kearney GmbH, Germany Teaching

1989 – 1992  Lecturer in business management, University of Stuttgart and Berufsakademie, Stuttgart, Germany

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