The global site of the UK's leading magazine for automation, motion engineering and power transmission
17 July, 2024

Twitter link

Ulrich Spiesshofer succeeds Joe Hogan as ABB’s CEO

18 June, 2013

ABB has announced that Ulrich Spiesshofer, currently head of its Discrete Automation and Motion (DM) division, will succeed Joe Hogan as chief executive officer on September 15, 2013. Hogan, who announced his resignation in May, will continue with ABB for some months as a senior advisor to the board.

Spiesshofer joined ABB’s Executive Committee in 2005 and took on his DM role in 2009. He has led a doubling of the division’s revenues by organic and inorganic means, and the integration of Baldor – ABB’s biggest-ever acquisition. He has increased profit margins through a turnaround in the robotics operation, as well as delivering profitable growth in ABB’s motors and drives activities.

“ABB has developed a strong bench of talent,” says ABB chairman, Hubertus von Grünberg. “I am extremely pleased that the new CEO 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 11 years at the AT Kearney management consultancy, where he built consulting businesses in industries including oil and gas, utilities, telecoms and automotive. He has a master’s degree in business administration and engineering, and a PhD in economics, both from the University of Stuttgart, Germany.

ABB's new CEO Ulrich Spiesshofer

“I am excited about the opportunity to lead ABB and serve our customers, building on Joe’s success,” says Spiesshofer. “I am looking forward to keep working with all my colleagues in the executive committee and the entire ABB team. Together, we will continue to drive profitable growth and relentless execution for the company.”

ABB has yet to announce who will succeed Ulrich Spiesshofer in the Discrete Automation and Motion division. It also has to appoint a successor to Prith Banerjee, who resigned his position as ABB’s chief technology officer in May, “for family reasons”. 

  • To view a digital copy of the latest issue of Drives & Controls, click here.

    To visit the digital library of past issues, click here

    To subscribe to the magazine, click here



"Do you think that robots create or destroy jobs?"



Most Read Articles