ABB has appointed the head of its discrete automation and motion (DM) division Ulrich Spiesshofer as chief executive.
He will succeed Joe Hogan in this role on 15 September.
Hogan will continue with ABB for some months as senior advisor to the board.
Spiesshofer joined ABB’s Executive Committee in 2005 and was named responsible for DM in 2009.
He has led a doubling of the division’s revenues by organic and inorganic means, and the integration of Baldor – ABB’s largest ever acquisition.
ABB chairman Hubertus von Grünberg said: “ABB has developed a strong bench of talent: I am extremely pleased that the new chief executive comes from within the company and brings a solid track record and deep knowledge of the portfolio.
“Ulrich has been a key force in shaping and implementing ABB’s strategy and the integration of Baldor stands out as a benchmark for successful large acquisitions.”
Before joining ABB, Spiesshofer spent three years at Roland Berger Strategy Consultants and 11 years at A.T. Kearney management consultants.
