ABB

News aus der Elektroindustrie

14
Aug

The ABB Board of Directors has unanimously appointed Björn Rosengren (60),.....

The ABB Board of Directors has unanimously appointed Björn Rosengren (60), a Swedish citizen, as the new CEO. Rosengren will join ABB on February 1, 2020, succeeding Peter Voser on March 1, 2020; thereafter Voser will resume his position with ABB as Chairman of the Board.

Rosengren comes from Sandvik, where he served as CEO since 2015, before that he was with Wärtsilä Corp. and 13 years with Atlas Copco, i.e. he is a very experienced industrial manager whom ABB needs in the next phase of its transformation.

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ABB has announced that Maria Varsellona (49) succeeds Diane de Saint Victor at the company headquarters.

ABB has announced that Maria Varsellona (49) succeeds Diane de Saint Victor at the company headquarters.

Ms. Varsellona will initially be entrusted with the task of General Counsel as of November 1, 2019, making her one of the Executive Committee members. De Saint Victor will remain company secretary until March 31, 2020; as of April 1, 2020, this task will be taken over by Ms. Varsellona as well.

Varsellona has extensive experience in various industrial companies, most recently as president and chief legal officer of Nokia Technologies. Before that she was a senior executive at General Electric.

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ABB has joined the Eurovent Middle East, an association of leading manufacturers

ABB has joined the Eurovent Middle East, an association of leading manufacturers in the air conditioning, refrigeration, ventilation, sanitary, and building automation industries, as well as associations in these fields.

ABB sees tremendous energy savings potential in the Middle East and believes that industry must take responsibility for achieving ambitious energy efficiency targets here.

Frank Taaning Grundholm, vice president in charge of this area at ABB Drives, said, "Eurovent Middle East has proven to be an excellent platform for collaboration and coordination, taking many initiatives."

The steadily growing construction industry, continued focus on investment in infrastructure development, and the growth of hotel, tourism and healthcare sectors in the United Arab Emirates will increase the demand for reliable and efficient cooling and sanitary facilities in both commercial and residential living areas.

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Ulrich Spiesshofer, the CEO of ABB, leaves the company immediately and announced this via Twitter, as follows

Ulrich Spiesshofer, the CEO of ABB, leaves the company immediately and announced this via Twitter, as follows: After 14 years on the Executive Committee and almost six years as CEO, the time has come to say goodbye ».

That's strange, a company boss leaves the company in the middle of a reorganization, but a successor could not be presented yet. Therefore, the Chairman of the Board, Peter Voser (61) had to step in as interim CEO. The search for a new CEO is in full swing.

What one reads in the press, the departure of Spiesshofer has long been a topic on the Board of the Group; so it was not that surprising, but it is far from ensuring a smooth transition.

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ABB is likely to sell its power grid business to the Japanese Hitachi group later this month.

ABB is likely to sell its power grid business to the Japanese Hitachi group later this month.

It has not yet been finally clarified how much Hitachi will take over and the price is still unclear. These issues are still under negotiation, but then, by the end of the year, Hitachi will be the second largest manufacturer in this segment behind GE.

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According to press reports, ABB appears to have recently entered into negotiations with Hitachi and Mitsubishi Electric......

According to press reports, ABB appears to have recently entered into negotiations with Hitachi and Mitsubishi Electric.

to eventually sell its power network business or part of it.

If it is possible, they would like to reserve a part for themselves and then sell it separately at a later time.

With an agreement it could possibly happen very quickly, but perhaps ABB would like to negotiate the one or the other additional element; then it would not happen until the beginning of the new year.

The division had a turnover of USD 10.4 bn (EUR 9.2 bn) in 2017 and that, according to expert opinion, should be at least the amount that one would like to redeem.

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As of October 1, a significant change has occurred in North America at ABB. Thomas & Betts Corporation, which has...........

As of October 1, a significant change has occurred in North America at ABB. Thomas & Betts Corporation, which has...........

been part of ABB for 6 years, is now being renamed ABB Installation Products Inc. The branded products like "Steel-City" or "Star-Teck" etc. will continue to be delivered in the usual quality and reliability to the customers.

With this change, ABB wants to become a leaner, more market-oriented, and more performance-oriented company.

Thomas & Betts is one of around 20 own brands, which will then be marketed under the ABB brand later this year as part of a next-level strategy.

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ABB and SNC founded Linxon; a joint venture that is to carry out turnkey electrical substations. SNC-Lavalin holds a majority stake in this JV, which will commence operation on 1 September.

ABB and SNC founded Linxon; a joint venture that is to carry out turnkey electrical substations. SNC-Lavalin holds a majority stake in this JV, which will commence operation on 1 September.

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ABB’s global leadership in fast charging solutions for electric vehicles leads Fortune magazine to rank it No 8..........

ABB’s global leadership in fast charging solutions for electric vehicles leads Fortune magazine to rank it No 8..........

among top companies that “help the planet and tackle social problems.”

ABB has been named No 8 in Fortune magazine’s “Change the World” rankings for the company’s efforts to speed up adoption of clean-energy electric transportation. The list, Fortune said, honors companies that “have had a positive social impact through activities that are part of their core business strategy.”

 “ABB is committed to running the world without consuming the earth,’’ ABB-CEO Ulrich Spiesshofer said.

ABB, whose e-mobility portfolio includes charging and power solutions for trains, buses and ships, has developed fast-chargers for cars that can add as much as 200 kilometers (nearly 125 miles) of cruising range in as little as 8 minutes.

‘‘As electric vehicles have grown more popular,” Fortune wrote, “ABB has installed over 7,000 fast charging stations worldwide—saving about 2 million gallons of gasoline over the past seven years. The charging business has posted double-digit annual revenue growth since 2015. Next up: a plan with Electrify America to place hundreds of charging stations in the U.S. in the next year”.

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ABB has acquired the Electrification Division (GEIS) from General Electric for 2.6 bn USD ( 2.2 bn EUR) on June 30, 2018.

ABB has acquired the Electrification Division (GEIS) from General Electric for 2.6 bn USD ( 2.2 bn EUR) on June 30, 2018.

GEIS will be integrated into the Electrification Products (EP) division of ABB as the new Electrification Products Industrial Solutions (EPIS) business.

Stephanie Mains, the former head of GEIS, will also head the new area at ABB as Managing Director.

The acquisition includes the long-term right to use the GE brand; a long-term strategic supply relationship between GE and ABB was also agreed.

With this acquisition, ABB sees good chances to expand their position in the attractive North American market.

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