The board of ABB, Zurich, Switzerland, appointed Ulrich Spiesshofer, the head of its Discrete Automation and Motion division, as its new chief executive officer, succeeding Joe Hogan in this role on Sept. 15, 2013. Hogan will continue with ABB for some months as senior advisor to the board.
Spiesshofer joined ABB’s executive committee in 2005 and was put in charge of Discrete Automation and Motion 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, at $3 billion.