ABB: three executives leave company
(CercleFinance.com) - Swiss engineering giant ABB on Wednesday said that three of its executives will step down as part of the organizational transformation that was announced last year.
With the planned sale of the power grid unit to Hitachi, Claudio Facchin will continue to lead the division as a standalone business, ahead of the closing of the deal, expected in the first half of 2020.
Frank Duggan and Chunyuan Gu will step down from their roles as presidents of the Europe and AMEA (Asia, Middle East and Africa) regions respectively, as these roles are to be discontinued under the group's new operating system.
As of January 2020, the streamlined executive committee will include CEO Peter Voser and a closely knit group of seven other executives, ABB said.
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