New million-dollar job for ABB ex-boss
Joe Hogan (58), the former boss of the Swiss ABB Group, becomes CEO at Align Technology dental group, which has its headquarters in San Jose/California.
Align Technology’s 3,500 employees manufacture transparent orthodontic braces and made a turnover of about USD 750 m (EUR 706 m) in 2014.
Hogan will take up his post in June and can look forward to a million-dollar salary: In addition to USD 1.4 m (EUR 1.5m) in welcome money he receives up to USD 8 m (EUR 7.5 m) for the first seven months in the form of shares and cash payments.
Hogan had resigned as ABB’s boss for “personal reasons” in 2013, but continued to work for the group as an advisor until spring 2014.