ABB CEO announces his departure
14 May 2013
ABB chief executive officer, Joe Hogan, has announced that he is to leave ABB for private reasons.
A date for his departure has not yet been decided and he will continue to lead ABB until a successor is announced.
Commenting on the news, chairman Hubertus von Grünberg, said: “Joe is a great and successful CEO and has done a remarkable job of leading the company through the deepest economic crisis in living memory. ABB today is in a much better position than it was when he joined five years ago. I know this has been a tough and difficult decision for Joe and the Board sincerely regrets that he will be leaving the company.”
Hogan joined ABB as CEO in September 2008. During his time at the helm major investments have been made in acquisitions and in R&D to help secure the company’s technological leadership in power and automation.
“Under Joe’s leadership ABB’s competitiveness has significantly improved by investing boldly in measures to drive growth and innovation, and by carefully managing costs,” von Grünberg added.
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