The Board of Directors of ABB and its CEO Ulrich Spiesshofer (55) have mutually agreed for him to step down from his role, which he has held since 2013. The Chairman of the Board, Peter Voser (61), will become interim CEO in addition to his current role, with immediate effect. An official search to find a new CEO has been initiated.
Transition delivers streamlined and strengthened portfolio and operations.
At the coming annual general meeting (AGM) on March 29, 2018, all ABB Board of Directors members will stand for reelection, with the exceptions of Ying Yeh and Louis R. Hughes, who have decided not to seek another term.
Amarinth has successfully delivered an order of API 610 VS4 pumps to Metito for installation in a waste water treatment plant at the ADCO Al Dabb’iya Facilities Development Phase III project, Abu Dhabi.
ABB announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business.
ABB has successfully completed a pilot of the ABB Ability Electrical Distribution Control System with Italian public water company, Consorzio di Bonifica Veronese (CBV), significantly reducing plant maintenance time and lowering operational costs.
ABB announced today that its Board intends to appoint KPMG as its external auditor effective for the financial year 2018.
ABB China Managing Director Chun-Yuan Gu is appointed President of the Asia, Middle East and Africa (AMEA) region; Frank Duggan succeeds Bernhard Jucker as President of the Europe region; both will be members of the Executive Committee.
Jucker to continue as Chairman of Board of Directors of ABB Germany; successor will be announced following an orderly selection process.
The new ACS480 drive complements the existing ACS580 drive seriesand offersfundamental functionality in a compactpackage to effortlessly improve processes and operations. The result is energy savings in many common speed controlled applications like pumps, fans and compressors.
