ABB nominates Peter Voser as chairman
Former Shell CEO set to head the board of Swiss power and automation firm.
ABB has proposed former Royal Dutch Shell CEO Peter Voser as its new chairman of the board after incumbent Hubertus von Grunberg decided not to stand for re-election.
Voser, a Swiss citizen, led the oil major from 2009 to the end of 2013 and was CFO of ABB between 2002 and October 2004 when he was a key leader behind the successful turnaround and repositioning of the company.
“I am honored to be nominated as Chairman of the Board and look forward to working with ABB’s CEO Ulrich Spiesshofer, his executive team and the Board of Directors to drive accelerated sustainable value creation through the implementation of the recently announced Next Level strategy,” said Voser.
“Peter Voser brings intimate knowledge of ABB and its key markets as well as an excellent track record as a leader in large, global organizations,” said Hubertus von Grunberg, who was chairman since May 2007.
During his tenure ABB’s revenues have risen from about $23 billion in 2006 to $42 billion in 2013, whilst net income has doubled, a statement said.
Under his leadership ABB also achieved an unprecedented global balance in its business across Europe, the Americas, Asia/Middle East and Africa.
In his time as Chairman, ABB launched many breakthrough innovations including a breaker for high-voltage direct current (HVDC), the revolutionary human-machine collaborative robot YuMi, and Emax2, the world’s first low-voltage circuit breaker that also functions as an energy manager.