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ABB Names Björn Rosengren As CEO
ABB To Modernize Major Oil Refinery In Kazakhstan
ABB CFO Says China Outlook Is Mixed, Some Sectors Good, Some Weak
Abb Ltd is a holding company. The Company's segments include Electrification Products, Robotics and Motion, Industrial Automation, Power Grids, and Corporate and Other. It operates through four divisions: Electrification Products, Robotics and Motion, Industrial Automation and Power Grids. It is engaged in serving customers in utilities, industry and transport and infrastructure. The Electrification Products segment manufactures and sells products and services including low and medium-voltage switchgear, breakers, switches and control products. The Robotics and Motion segment manufactures and sells motors, generators, variable speed drives and robots and robotics. The Industrial Automation segment develops and sells control and plant optimization systems, and automation products and solutions. The Power Grids segment supplies power and automation products, systems, and service and software solutions.
Electronic Instr. & Controls
Peter R. Voser
Chairman of the Board, Interim Chief Executive Officer
Non-Executive Independent Vice Chairman of the Board
Chief Financial Officer, Member of the Group Executive Committee
Chief Human Resources Officer and Member of the Executive Committee
Diane de Saint Victor
General Counsel & Company Secretary, Member of the Group Executive Committee
Price To Earnings (TTM)
Price To Sales (TTM)
Price To Book (MRQ)
Price To Cash Flow (TTM)
Total Debt To Equity (MRQ)
LT Debt To Equity (MRQ)
Return on Investment (TTM)
Return on Equity (TTM)
ABB shares jumped more than 4% on Monday as investors welcomed news the Swiss engineering group had poached Bjorn Rosengren from Swedish mining equipment firm Sandvik to be its next chief executive.
New ABB <ABBN.S> Chief Executive Bjorn Rosengren is committed to at least five years with the Swiss engineering group, Chairman Peter Voser said on Monday.
New ABB Chief Executive Bjorn Rosengren is committed to at least five years with the Swiss engineering group, Chairman Peter Voser said on Monday.
ABB's <ABBN.S> largest shareholder Investor AB <INVEb.ST> is pleased with the appointment of Bjorn Rosengren as the new chief executive of the engineering group, the Swedish investment company said on Monday.
The head of activist fund Cevian Capital said on Monday that shares in Swiss engineering group ABB could be worth more than 35 Swiss francs ($35.99) if newly appointed CEO Bjorn Rosengren succeeds in raising margins and valuations to that of rivals.
Activist investor shareholder Cevian on Monday said it fully supported the appointment of Bjorn Rosengren as the new Chief Executive at ABB.
ABB's largest shareholder Investor AB is pleased with the appointment of Bjorn Rosengren as the new chief executive of the engineering group, the Swedish investment company said on Monday.
Swedish engineering group Sandvik's Chief Executive Officer Bjorn Rosengren will step down next year and will join Swiss-Swedish robotics and engineering group ABB Ltd as CEO, the companies said in separate statements on Sunday.
* Expects slight growth in annual revenue (Recasts, adds CEO, analyst, shares)
ABB has begun a review of its Integrated Direct Current Power business, the latest stage of the Swiss engineering company's overhaul to tackle years of underperformance.
ABB is pressing ahead with a review of its underperforming businesses and expects a turbulent 2019 amid a slowdown in some markets and China-U.S. trade tensions, Chairman and interim Chief Executive Peter Voser told Reuters.
ABB <ABBN.S> will pay up to $470 million to hand over its loss-making solar inverter business to Italy's FIMER SpA, the first big move by interim CEO Peter Voser and a reflection of the tough conditions in the solar industry.
ABB has appointed industrial and software specialist Maryrose Sylvester as the new head of its U.S. business, the Swiss engineering company said on Wednesday, replacing company veteran Greg Scheu, who is due to retire.
Swiss drugmaker Roche on Tuesday named a new head of its $13-billion-per-year diagnostics business and also said board member Peter Voser is stepping down to focus on his expanded duties as interim head of Swiss engineering group ABB.
ABB expects to improve revenue growth and its operating profit margin this year despite difficult economic conditions hitting Europe, Chairman and interim Chief Executive Peter Voser told the Swiss engineering company's annual general meeting.
ABB Chief Executive Ulrich Spiesshofer has quit the Swiss industrial group as the board and major shareholders look for a speedier turnaround at the maker of industrial robots and supplier of factory automation.
ABB lacked effective internal controls over parts of its financial reporting at the end of last year, Chief Executive Ulrich Spiesshofer said, resulting in reduced bonuses for some of its executive committee members.
* Faces stiff competition from Siemens, Mitsubishi, Rockwell (Rewrites, adds CEO, analyst)
ABB will not be making big acquisitions in the near future, Chief Executive Ulrich Spiesshofer said on Thursday, saying money raised from the near-$8 billion gained from the sale of its power grids business will go to shareholders.
ABB reported better-than-expected earnings during its fourth quarter, the Swiss engineering company said on Thursday, in its first results since it sold its $11 billion power grids unit and launched its latest business revamp.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.