The Board of ABB has unanimously appointed Ulrich Spiesshofer, the head of its Discrete Automation and Motion (DM) division, as Chief Executive Officer. He will succeed Joe Hogan in this role in an orderly transition on September 15, 2013. Hogan will continue with ABB for some months as Senior Advisor to the Board.

 


Spiesshofer joined ABB’s Executive Committee in 2005 and was named responsible for DM in 2009. He has led a doubling of the division’s revenues by organic and inorganic means, and the integration of Baldor – ABB’s largest ever acquisition. He has increased profit margins through a turnaround in Robotics, as well as the profitable growth and relentless execution of the motors and drives activities.

“ABB has developed a strong bench of talent: I am extremely pleased that the new CEO comes from within the company, and brings a solid track record and deep knowledge of the portfolio,” said ABB Chairman Hubertus von Grünberg. “Ulrich has been a key force in shaping and implementing ABB’s strategy, and the integration of Baldor stands out as a benchmark for successful large acquisitions.”

Spiesshofer also initiated other business expansion activities in DM based on organic growth and acquisitions. These have helped DM to grow faster than the market and to expand into new business areas such as e-mobility and uninterruptible power supplies (UPS), as well as to better balance the business geographically. The planned acquisition of Power-One would make ABB a leading global supplier of solar inverters. A successor to his role in DM will be announced in due course.

CEO Joe Hogan said: “Ulrich has done a tremendous job in DM based on the solid knowledge and experience acquired in many successful years within ABB and outside. With his strong contribution and team-oriented collaboration, our mid-term strategy has been making great progress.”

Prior to taking over DM, Spiesshofer was responsible for Corporate Development, leading strategy development and implementation across the power and automation businesses, in very close collaboration with all of ABB’s teams. This included ABB’s roadmap for mergers and acquisitions and the formation of ABB’s technology venture arm. In this role, he strengthened ABB’s operational excellence and procurement processes, laying the groundwork for the cost savings program which has been executed over the past few years of global economic crisis.

“I am excited about the opportunity to lead ABB and serve our customers, building on Joe’s success,” said Spiesshofer. “I am looking forward to keep working with all my colleagues in the Executive Committee and the entire ABB team. Together, we will continue to drive profitable growth and relentless execution for the company.”

www.icnweb.kr

[아이씨엔매거진]

아이씨엔 매거진은 산업용사물인터넷(IIoT) 및 디지털화(Digitalization), 디지털전환(Digital Transformation) 애널리틱스를 제공하는 IT 네트워크 기반의 산업 기술 매거진입니다.
산업용사물인터넷(IIoT)와 가상물리시스템(CPS)을 통해 디지털화를 추구함으로써 제조 산업 및 플랜트를 제조활동 전반에 걸친 스마트제조를 구현하고자 합니다.
아이씨엔 매거진은 이러한 디지털화를 구축함으로써 새로운 비즈니스 전략을 도출하는 디지털전환을 위한 관련 리서치 및 애널리틱스를 제공합니다.
https://icnweb.kr

Advertisement