June 17, 2013: ABB Appoints Ulrich Spiesshofer as CEO
He Will Succeed Joe Hogan on Sept. 15
ZURICH, Switzerland — The board of ABB has appointed Ulrich Spiesshofer, the head of its Discrete Automation and Motion (DM) division, as chief executive officer, succeeding Joe Hogan in this role on Sept. 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 head of DM in 2009. He has led a doubling of the division’s revenues, 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 of motors and drives activities.