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WKN: 919730 | ISIN: CH0012221716 | Ticker-Symbol: ABJ
Lang & Schwarz
14.06.24
07:20 Uhr
52,60 Euro
+0,02
+0,04 %
1-Jahres-Chart
ABB LTD Chart 1 Jahr
5-Tage-Chart
ABB LTD 5-Tage-Chart
RealtimeGeldBriefZeit
52,2452,9607:20
0,0000,00028.03.23
Dow Jones News
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ABB Ltd: ABB appoints new Business Area Presidents

DJ ABB Ltd: ABB appoints new Business Area Presidents

ABB Ltd: ABB appoints new Business Area Presidents 
ZURICH, SWITZERLAND, MAY 23, 2024 
ABB appoints new Business Area Presidents 
ABB today announced the appointment of Giampiero Frisio as the new President of its Electrification Business Area and 
Brandon Spencer as the new President of its Motion Business Area. Both will take over their new roles and join ABB's 
Executive Committee on August 1, 2024. 
ABB CEO Björn Rosengren said: "Both Giampiero and Brandon are proven leaders with strong track records in their current 
roles driving profitable growth in two of our largest Divisions. I am particularly happy that we are appointing 
internal candidates - this shows the strength of ABB's pool of senior leaders. I am confident that they will build on 
the strong performance achieved in Electrification and Motion over the past years." 
Morten Wierod, CEO designate, added: "I am excited to work with Giampiero and Brandon also in their new roles when I 
take over as ABB CEO later this year. With them we will continue to have a strong Executive Committee that will drive 
ABB's financial and sustainability performance." 
Giampiero Frisio, Division President Smart Power (Electrification Business Area) since 2018, will succeed Morten Wierod 
who, as announced previously, will become ABB's new CEO as of August 1, 2024. Giampiero joined ABB in 1995 and has held 
numerous managerial positions in roles ranging from operations to marketing and sales. From January 2011 to November 
2018, he was the Managing Director for Protection and Connection Business Unit, Electrification Products. He holds a 
Master's degree in Electrical Engineering from Pavia University in Italy. Giampiero is an Italian citizen. 
Brandon Spencer, Division President Energy Industries (Process Automation Business Area) since 2020, will succeed Tarak 
Mehta, who as announced previously, will leave ABB to assume the role of CEO of Timken Group after more than 25 years 
with ABB. Brandon joined ABB in 2006 and has held a range of leadership roles with a focus on the energy sector. 
Between 2018 and 2020, he was Global Managing Director for ABB Process Industries. Prior to joining ABB, Brandon held 
various roles at Siemens Power Generation. He holds a bachelor's degree in Economics and a Masters' degree in Business 
Administration from the Crummer School of Business at Rollins College in Winter Park, Florida. Brandon is a US citizen. 
As of August 1, 2024, ABB's Executive Committee will consist of: Morten Wierod (Chief Executive Officer), Timo 
Ihamuotila (Chief Financial Officer), Carolina Granat (Chief Human Resources Officer), Karin Lepasoon (Chief 
Communications and Sustainability Officer), Giampiero Frisio (President, Electrification), Peter Terwiesch (President, 
Process Automation), Brandon Spencer (President, Motion) and Sami Atiya (President, Robotics & Discrete Automation). In 
addition, Mathias Gaertner will join the Executive Committee latest on October 1, 2024 as General Counsel and Company 
Secretary. 
 
ABB is a technology leader in electrification and automation, enabling a more sustainable and resource-efficient 
future. The company's solutions connect engineering know-how and software to optimize how things are manufactured, 
moved, powered and operated. Building on over 140 years of excellence, ABB's more than 105,000 employees are committed 
to driving innovations that accelerate industrial transformation. www.abb.com 
 
- 
For more information please contact: 
Media Relations          Investor Relations          ABB Ltd 
Phone: +41 43 317 71 11      Phone: +41 43 317 71 11       Affolternstrasse 44 
Email: media.relations@ch.abb.com Email: investor.relations@ch.abb.com 8050 Zurich 
                                    Switzerland 

----------------------------------------------------------------------------------------------------------------------- File: ABB appoints new Business Area Presidents

Language:   English 
Company:   ABB Ltd 
       Affolternstrasse 44 
       8050 Zurich 
       Switzerland 
Phone:    +41 43 317 7111 
Internet:   www.abb.com 
ISIN:     CH0012221716 
EQS News ID: 1909205 

ABB Ltd / 72 Changes board/management/auditors Dissemination of a Swedish Regulatory News, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

End of Announcement EQS News Service 
=------------------------------------------------------------------------------------ 

1909205 2024-05-23 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1909205&application_name=news

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May 23, 2024 01:00 ET (05:00 GMT)

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