ABB India Ltd,Bangalore

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About ABB in Indian Subcontinent

ABB is a pioneering technology leader with a comprehensive offering for digital industries. With a history of innovation spanning more than 130 years, ABB is today a leader in digital industries with four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by its common ABB AbilityTM digital platform.

ABB’s market-leading Power Grids business will be divested to Hitachi in 2020.ABB operates in more than 100 countries with about 147,000 employees.

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ABB names Peter Voser as interim CEO

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Ulrich Spiesshofer steps down

The Board of Directors of ABB and its CEO Ulrich Spiesshofer (55) have mutually agreed for him to step down from his role, which he has held since 2013. The Chairman of the Board, Peter Voser (61), will become interim CEO in addition to his current role, with immediate effect. An official search to find a new CEO has been initiated.

Peter Voser: “On behalf of the Board and the employees of ABB, I would like to personally thank Ulrich for his dedication and commitment to ABB’s customers and employees not only as CEO but also in other executive roles at ABB since 2005. Under his leadership, ABB has been transformed into a global technology leader focused in digital industries. He strategically repositioned the company and built up growth momentum across all businesses. We wish him all the best for his future endeavors.”

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Voser added: “We will continue to focus on implementing ABB’s strategy and delivering value to all our stakeholders. To achieve our key financial targets, we will proceed with the divestment of ABB’s Power Grids business as planned, simplify the organizational structure of the group and deliver cost savings. Finally, our four new leading businesses will be fully dedicated to meet our customer needs for digitalization, electrification, automation and robotics.”

Ulrich Spiesshofer: “After 14 years of “all in” dedication and commitment to all our employees and customers, I hand over to Peter a trimmed ABB ship that is on a clear course and gaining speed. I would like to warmly thank our colleagues around the world, customers and partners as well as the Board of Directors for the opportunity to serve this fine company for nearly one and a half decades in different roles in the Executive Committee and as CEO. I will now take some time out before deciding on the next chapter of my professional life. From the bottom of my heart, I wish ABB’s global team all the very best for its future.”

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Peter Voser, a Swiss citizen, has been Chairman of ABB since April 2015. Prior to this, he was CEO of Royal Dutch Shell from 2009-2013, and CFO between 2004-2009. Between 2002 and October 2004, he was CFO of ABB and a key leader behind the successful turnaround of the company. Voser also brings a wealth of experience in board positions in leading companies such as a Roche, IBM, Catalyst, Temasek Holdings and PSA International in Singapore.

ABB will hold its Annual General Meeting on May 2, 2019, in Zurich, as planned.

This information is information that ABB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 6.45 a.m. CEST on April 17, 2019.ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader with a comprehensive offering for digital industries. With a history of innovation spanning more than 130 years, ABB is today a leader in digital industries with four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by its common ABB Ability™ digital platform. ABB’s marketleading Power Grids business will be divested to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com

Sanjeev Sharma

Sanjeev Sharma. Country Head and Managing Director - ABB India Ltd. Chairmanof The Board at ABB Global Industries & Services Ltd.
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 Electrification

Writing the future of safe, smart and sustainable electrification.
ABB's Electrification business offers a wide-ranging portfolio of products, digital solutions and services, from substation to socket, enabling safe, smart and sustainable electrification. Offerings encompass digital and connected innovations for low- and medium-voltage, including EV infrastructure, solar inverters, modular substations, distribution automation, power protection, wiring accessories, switchgear, enclosures, cabling, sensing and control.

Industrial Automation

Writing the future of safe and smart operations
ABB's Industrial Automation business offers a broad range of solutions for process and hybrid industries, including industry-specific integrated automation, electrification and digital solutions, control technologies, software and advanced services, as well as measurement & analytics, and marine and turbocharging offerings. Industrial Automation is #2 in the market globally. Working closely with customers, ABB's Industrial Automation business is writing the future of safe and smart operations.

Motion

Writing the future of smart motion
ABB's Motion business is largest supplier of drives and motors, globally. We provide customers with the complete range of electrical motors, generators, drives and services, as well as mechanical power transmission products and integrated digital powertrain solutions. We serve a wide range of automation applications in transportation, infrastructure and the discrete and process industries.

Robotics & Discrete Automation

Writing the future of flexible manufacturing and smart machines
ABB's Robotics & Discrete Automation business provides value-added solutions in robotics, machine and factory automation. Our integrated automation solutions, our application expertise across a wide scope of industries and our global presence deliver tangible customer value. Our focus on innovation includes extensive work in artificial intelligence, an ecosystem of digital partnerships and the expansion of our production and research capabilities through our $150-million investment in a new world-class robotics factory in Shanghai.

Power Grids

Writing the future of a stronger, smarter and greener grid
The Power Grids business offers power and automation products, systems, service and software solutions across the generation, transmission and distribution value chain. The industry leading portfolio includes grid integration, transmission, distribution and automation solutions and a complete range of high-voltage products and transformers. ABB pioneered HVDC technology more than 60 years ago and is responsible for around half the world’s HVDC installed base. ABB is the world’s largest maker of transformers and a technology and market leader in high-voltage products and substation solutions, pushing voltages to record levels.

Address

Local name Manufacturing Facilities - Main Works
Street address #4A, 5 & 6 2nd Phase
Additional address information Peenya Industrial Estate
City Bangalore
Zip/Postal Code 560058
State/Province Karnataka
Country India

Phone/Fax

Phone +91 80 2294 9449
Fax +91 80 2294 9389