Tag Archives: Ulrich Spiesshofer

ABB Shake-Up

CEO Ulrich Spiesshofer steps down suddenly; another example of industrial conglomerates in flux In the latest example of major industrial conglomerates experiencing flux with their corporate sides (see: GE, Siemens, Emerson) ABB announced the sudden resignation of CEO Ulrich Spiesshoffer on Wednesday. While being in the top position at ABB for six years, Spiesshofer was […]

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ABB reports strong order growth in 2nd quarter

ABB,┬áhas 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. Orders of $10.6 billion were 14% higher (13% on a like-for-like basis) compared with the same quarter in […]

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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 […]

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