CEO Leaves ABB

ABB CEO Joe Hogan is resigning from ABB. Hogan will continue to lead ABB until a successor is announced.

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ABB CEO Joe Hogan is resigning from ABB. Hogan will continue to lead ABB until a successor is announced. He is committed to a smooth transition.

“Joe is a great and successful CEO and has done a remarkable job of leading the company through the deepest economic crisis in living memory. ABB today is in a much better position than it was when he joined 5years ago,” says Chairman Hubertus von Grünberg. 

“I have informed the board that I have decided to leave ABB," Mr. Hogan says. "This has been a difficult decision as I leave behind a strong and talented Executive Committee and a cohesive Board whose support I could always count on. I look forward to making a smooth transition with as little disruption as possible to the positive momentum that ABB has established."

Mr. Hogan joined ABB as CEO in September 2008. During his time at the helm, ABB has invested about $20 billion to strengthen the company. Major investments have been made in acquisitions and in R&D to help secure ABB’s technological leadership in power and automation.

“Under Joe’s leadership, ABB’s competitiveness has significantly improved by investing boldly in measures to drive growth and innovation and by carefully managing costs,” von Grünberg says.