ABB CEO resigns

Share

Electrical engineering conglomerate ABB has been making major moves into the renewable energy sector in recent years, driven by CEO Joe Hogan. Its most recent move was the acquisition of inverter manufacturer Power-One. However Hogan is now set to leave the Swiss-based company, although a date for his departure has not been set.

"Joe is a great and successful CEO and has done a remarkable job of leading the company through the deepest economic crisis in living memory. ABB today is in a much better position than it was when he joined five years ago," said Chairman Hubertus von Grünberg, in a statement announcing the move. "I know this has been a tough and difficult decision for Joe and the Board sincerely regrets that Joe will be leaving the company."

In the statement, Hogan confirmed that it had been a difficult decision and committed to a smooth transition for his successor. "I have informed the board that I have decided to leave ABB," said Hogan. "This has been a difficult decision as I leave behind a strong and talented Executive Committee and a cohesive Board whose support I could always count on."

Hogan had overseen the growth of ABB’s revenues since becoming CEO in 2008. He has been behind some of the largest acquisitions the Swiss-Swedish firm had ever undertaken. ABB had also made major moves into PV and renewable energy in that time also.

A successor to Hogan has not been announced.

Popular content

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.