ABB names Ulrich Spiesshofer as CEO

The Board of ABB, the Swiss manufacturer of power and automation technologies, has appointed Ulrich Spiesshofer as chief executive officer. Spiesshofer is currently head of the company’s Discrete Automation and Motion (DM) division. He will succeed Joe Hogan in this role in an orderly transition on September 15, 2013. Hogan will continue to serve 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. His work has led to a doubling of the division’s revenues by organic and inorganic means, and the integration of Baldor, ABB’s largest ever acquisition. He has also increased profit margins through a turnaround in robotics, as well as the profitable growth and “relentless execution” of the motors and drives activities, according to ABB.

Prior to taking over the Discrete Automation and Motion division, Spiesshofer was responsible for corporate development, leading strategy development and implementation across the power and automation businesses, in collaboration with all of ABB’s teams. This included the company’s “roadmap” for mergers and acquisitions and the formation of ABB’s technology venture arm.  In this role, he strengthened the company’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.

-Bill O’Leary

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