ZURICH, Switzerland - Fred Kindle will become the next chief executive officer of ABB Group, replacing Jurgen Dormann next year. Kindle, currently chief executive of Swiss-based technology company Sulzer AG, will join ABB on September 1, 2004 and formally take over as CEO in January 2005.
Dormann, who has been CEO since September 2002, will revert to the singe role of chairman in January. He had already announced that his successor would be named during the course of this year.