Spiesshofer steps up to CEO role with ABB

Ulrich Spiesshofer has taken over as ABB’s Chief Executive Officer. Spiesshofer will succeed Joe Hogan as CEO; Hogan will continue as advisor to the board until the end of March 2014.

“Ulrich Spiesshofer has an outstanding track record forming and developing high-performing teams and has demonstrated excellent strategy and execution skills,” said Hubertus von Grünberg, Chairman of ABB’s board of directors, in a welcoming statement.

ABB CEO Ulrich Spiesshofer.

Spiesshofer has the full support of the entire board, von Grünberg said.

“We look forward to a close cooperation with Ulrich to further develop ABB’s power and automation business under his leadership.”

ABB announced Spiesshofer’s appointment as CEO on 17 June this year; a three-month orderly transition period was announced at the time.

“I look forward to working with ABB’s strong team to deliver continued profitable growth against our strategy and create long-term value for our customers, employees and shareholders,” Spiesshofer said.

“In these challenging economic times, we will focus as a team relentlessly on customer satisfaction, quality and execution.”