ABB
As of December 31, 2019, Claudio Facchin, Frank Duggan and Chunyuan Gu will step down from the Executive Committee of ABB as part of the organizational transformation announced on December 17, 2018.
With the announced divestment of Power Grids to Hitachi, Claudio Facchin will continue to lead Power Grids as a standalone business ahead of the closing of the transaction, which is expected in the first half of 2020. Frank Duggan and Chunyuan Gu will step down from their roles as Presidents of the Europe and AMEA (Asia, Middle East and Africa) regions respectively, as those roles are to be discontinued under the new ABB operating system.
Duggan and Gu will continue as advisors to the company. In addition, Duggan will be appointed a member of the Hitachi ABB Power Grids board, representing ABB, while Gu will continue as Chairman of the Board of Directors of ABB China.
Peter Voser, Chairman and CEO: “We thank Claudio, Frank and Chunyuan for their dedicated services as members of the Executive Committee. Their experience and expertise helped to strengthen ABB’s leading role in their respective markets and industries. We wish them every success in their new roles.”
Claudio Facchin joined the Executive Committee in 2013 as President of Power Systems, which he helped to turn around, before being appointed President of the Power Grids business in 2016.
Frank Duggan became a member of the Executive Committee in 2011 as Head of Global Markets and Manager of the former India, Middle East and Africa region and then became President of AMEA in 2015 and of Europe in 2017. In that time, he was pivotal in developing ABB’s customer-focused approach both globally and in those regions.
Chunyuan Gu joined the Executive Committee in 2017 as President of AMEA while he was Managing Director of ABB China. Gu played a key role in strengthening the company’s technology leadership in robotics and to develop its business in China and the AMEA region.
As of January 1, 2020, the streamlined Executive Committee will comprise Peter Voser, CEO; Tarak Mehta, President Electrification; Peter Terwiesch, President Industrial Automation; Morten Wierod, President Motion; Sami Atiya, President Robotics & Discrete Automation; Timo Ihamuotila, CFO; Sylvia Hill, CHRO; and Maria Varsellona, General Counsel.
ABB (ABBN: SIX Swiss Ex) is a technology leader that is driving the digital transformation of industries. With a history of innovation spanning more than 130 years, ABB has four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by the ABB Ability™ digital platform. ABB’s Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com
This press release includes forward-looking information including statements concerning the expected timing for the closing of the divestment of our Power Grids business to Hitachi. These statements are based on current expectations, estimates and projections. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191217005946/en/
Link:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Cognite Atlas AI™ Drives Customer Momentum with New Major Release, Accelerates Adoption of Agentic AI to Unlock More Industrial Value9.9.2025 21:00:00 CEST | Press release
Cognite Atlas AI is being leveraged by a wide range of customers globally, including Aker BP, ADNOC Offshore, Celanese, Hess Corporation, HMH, Idemitsu, and Tokuyama, and by partners such as SLB, Radix, Omny, Tridiagonal.ai, and ReVisionz. Cognite, the global leader in industrial AI, today announced a major release of Cognite Atlas AI™, the only low-code industrial AI agent workbench to power agents with real-time, AI-ready operational technology (OT), information technology (IT), and engineering data. This rapid momentum includes onboarding new customers weekly, a testament to its effectiveness in driving industrial digital transformation and value. The latest product release will be showcased at an oversubscribed Atlas AI Summit with hundreds of attendees in Tokyo, Japan, on September 10th. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250909488860/en/ Cognite, the global leader in industrial AI, today announced a major r
Mouser Electronics Explores the 3D Printing Revolution and Its Impact on Design, Engineering, and Manufacturing9.9.2025 17:11:00 CEST | Press release
Mouser Electronics, Inc., the authorized global distributor with the newest electronic components and industrial automation products, today released its latest installment of the Empowering Innovation Together (EIT) technology series, entitled, That's 3D Printed? This installment explores how the foundational principles of 3D printing, also known as additive manufacturing, have advanced to transform design, engineering, and manufacturing through novel materials, artificial intelligence (AI), accelerated production cycles, and unparalleled design precision. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250909696607/en/ Discover how additive manufacturing transforms design, accelerates production, and unlocks new possibilities...one layer at a time. The ingenuity of 3D printing lies in its ability to fabricate highly complex geometries and intricate internal structures, a feat often unachievable with conventional subtractive
Rimini Street Selected by 100+ Organizations as their Preferred Support Solution for VMware9.9.2025 15:00:00 CEST | Press release
Clients around the world are benefitting from the premium support, exclusive hypervisor security and extended life for perpetual licenses powered by Rimini Support™ for VMware Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, management and innovation solutions, and the leading third-party support provider for Oracle, SAP and VMware software, announces a new client milestone, surpassing 100 VMware contracts served to date. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250909900104/en/ Rimini Street Selected by 100+ Organizations as their Preferred Support Solution for VMware Selected by the some of the world’s leading CIOs at global organizations as their preferred VMware support partner for perpetual licenses, Rimini Support™ for VMware continues to lead the market as a powerful, proven solution for protecting and maximizing the full value of VMware investments. By partnering
Regula Hits NIST Test: The Only Vendor Recognized Among Top Performers in All Critical Age Estimation Scenarios9.9.2025 14:30:00 CEST | Press release
For the first time, Regula, a global developer of identity verification (IDV) solutions and forensic devices, has taken part in the National Institute of Standards and Technology (NIST) evaluation for age estimation. This debut could hardly be stronger: Regula achieved the best result in the test, outperforming other vendors. Crucially, Regula’s technology demonstrated consistent accuracy across a wide range of demographics, making it the most universal solution on the market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250909879354/en/ Regula’s technology estimates age with unmatched precision, gaining top results in the independent NIST test In addition, Regula ranked among the top three in two of the most critical age assurance scenarios: Challenge 25 and Child Online Safety (ages 13–16). NIST is a globally respected authority in technology testing and standardization. Its Face Analysis Technology Evaluation (FATE) Age
Other World Computing to Debut New Thunderbolt 5 Dual 10GbE Network Dock Alongside Its Industry-Leading Roster of Storage and Connectivity Solutions at IBC20259.9.2025 14:30:00 CEST | Press release
Attendees To See First-Hand How OWC Is Raising The Bar for Speed, Reliability, and Workflow Flexibility – Enabling Content Creators To Bring Ideas To Life, Without Compromise Other World Computing (OWC®), a trusted leader in high-performance storage, memory, connectivity, software, and accessories that empower creative and business professionals to maximize performance, enhance reliability, and streamline workflows, today announced it will debut its new OWC Thunderbolt 5 Dual 10GbE Network Dock, as well as showcase its unrivaled roster of storage and connectivity solutions, at IBC2025, taking place September 12-15 (RAI Amsterdam). Visitors to OWC’s Booth – Hall 7, Booth 7.A60 – will have the opportunity to see first-hand a wide range of OWC storage and connectivity innovations relied on by top creative and business professionals worldwide. New Product Debuts: - OWC Thunderbolt 5 Dual 10GbE Network Dock - This powerful dock enables users to connect to multiple high-speed networks, acces
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom