ABB announced that Timo Ihamuotila has been named Chief Financial Officer and member of the Executive Committee, effective April 1, 2017.
Amarinth has secured a further order in excess of €500K for the Al Dabb’iya Facilities Development Phase III project from Fjords Processing in France for eight API 610 OH2 desalting system recycling pumps on an aggressive 24 week delivery schedule.
ABB has appointed Guido Jouret, a pioneer of the Internet of Things, as Chief Digital Officer, reporting to ABB’s CEO Ulrich Spiesshofer, effective October 1, 2016. Jouret will lead the next level of development and deployment of ABB’s digital solutions for customers globally and across all businesses.
Amarinth has secured an order worth €500K for API 610 OH2 pumps on an aggressive 27 week delivery schedule from Siirtec Nigi for a gas dehydration and glycol regeneration package destined for the ADCO Al Dabb’iya Facilities Development Phase III project, Abu Dhabi.
ABB has appointed Sami Atiya to its Executive Committee as President of the Discrete Automation and Motion (DM) division, effective June 13, 2016. He succeeds Pekka Tiitinen, who will return to his home country as Managing Director of ABB in Finland.
The shareholders elected Frederico Fleury Curado, Robyn Denholm, David Meline and Satish Pai to join the Board. Peter Voser, Jacob Wallenberg, Matti Alahuhta, David Constable, Louis R. Hughes, Michel de Rosen and Ying Yeh were re-elected for another term. The shareholders also voted for the proposed Compensation Committee members.
ABB announces third quarter highlights.
ABB Chairman Hubertus von Grünberg and Michael Treschow have decided not to stand for re-election to the Board of Directors at the next Annual General Meeting (AGM). The Board of Directors of ABB unanimously nominated Peter Voser to succeed Hubertus von Grünberg as Chairman.
ABB’s focus on profitable organic growth and the related strategic initiatives resulted in a strong order increase across all regions in the third quarter.
ABB reported strong order growth, stable revenues and a significant increase in cash from operations for the second quarter of 2014. The lower operational EBITDA margin mainly reflects ongoing project-related challenges in the Power Systems (PS) division.
