People: ABB India Ltd (ABB.NS)

ABB.NS on National Stock Exchange of India

17 Jul 2019
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Husain, Bazmi 

Mr. Bazmi R. Husain has been appointed as Chief Technology Officer of ABB India Limited, with effect from January 1, 2016. Mr. Husain was Managing Director, Director of the Company. Mr. Husain an expert in power and automation who has been with ABB for more than 30 years, will report to CEO Ulrich Spiesshofer. In his new role, he will be based in Bangalore, India, with an office in Switzerland. His successor will be announced in due course. As Chief Technology Officer, Husain will be responsible for overseeing all aspects of ABB’s global R&D, which serves the entire company, its scientists and engineers, and for the R&D activities within ABB’s divisions. Reporting to him will be the heads of R&D at Group and division level as well as ABB’s venture capital arm, ABB Technology Ventures. With locations in seven countries, ABB’s corporate research centers bring together an international team of highly skilled scientists across a variety of disciplines. “Bazmi Husain’s unrivalled know-how will drive technological innovation across multiple disciplines to support our profitable growth ambitions and the paradigm shifts in power and automation,” said CEO Spiesshofer. “Innovation is a key element of our Next Level strategy and Husain brings a unique combination of skills and experience to the role of CTO. He has an in-depth understanding of power and automation technologies, and a solid understanding of marketplace dynamics and customer needs. Under his leadership we will continue to apply and develop the ‘Internet of Things, Services and People’, as well as functional hardware, electronics, software and services to give our customers the full potential of power and automation.” Husain, an Indian citizen, joined ABB in 1981, and managed a variety of local business units and divisions in India and Singapore before taking responsibility for ABB’s Corporate Research Center (CRC) in India in 2002. From 2005 through 2009 he was director of ABB’s CRC in Västeras, Sweden.

Basic Compensation

Total Annual Compensation, INR 28,271,000
Restricted Stock Award, INR --
Long-Term Incentive Plans, INR --
All Other, INR --
Fiscal Year Total, INR 28,271,000

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --