6-K
Abb Ltd (ABBNY)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE
ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2024
Commission File Number 001-16429
ABB Ltd
(Translation of registrant’s name into English)
Affolternstrasse 44, CH-8050, Zurich, Switzerland
(Address of principal executive office)
Indicate by check mark whether
the registrant files or will file
annual reports under cover of Form 20-F
or Form 40-F.
Form 20-F
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Form 40-F
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or legally organized (the registrant’s “home country”), or
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as long as the report or other document
is not a press release, is not required
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82-
This Form 6-K consists of the following:
1.
Press release issued by ABB Ltd dated
May 23, 2024, titled “ABB
appoints new Business Area Presidents”.
2
—
ZURICH, SWITZERLAND,
MAY
23,
2024
ABB appoints new Business Area
Presidents
ABB today announced the appointment
of Giampiero Frisio as the new
President of its Electrification
Business Area and Brandon Spencer
as the new President of its
Motion Business Area. Both will
take over
their new roles and join ABB’s Executive
Committee on August 1, 2024.
ABB CEO Björn Rosengren said:
“Both Giampiero and Brandon
are proven leaders with strong track
records
in their current roles driving profitable
growth in two of our
largest Divisions. I am particularly
happy that we
are appointing internal
candidates – this shows the strength of ABB’s pool
of senior leaders. I am confident
that they will build on the strong performance
achieved in Electrification
and Motion over the past years.”
Morten Wierod, CEO designate, added:
“I am excited to work with
Giampiero and Brandon also
in their new
roles when I take over as ABB CEO
later this year. With them we will continue to have a
strong Executive
Committee that will drive ABB’s financial
and sustainability performance.”
Giampiero Frisio, Division President
Smart Power (Electrification
Business Area) since 2018, will
succeed
Morten Wierod who, as announced
previously, will become ABB’s new CEO as of August 1, 2024.
Giampiero joined ABB in 1995
and has held numerous managerial
positions in roles ranging from operations
to marketing and sales. From January
2011 to November 2018, he was the Managing
Director for Protection
and Connection Business Unit, Electrification
Products. He holds a Master’s
degree in Electrical Engineering
from Pavia University in Italy. Giampiero is an Italian
citizen.
Brandon Spencer, Division President Energy Industries
(Process Automation Business
Area) since 2020, will
succeed Tarak Mehta, who as announced previously, will leave ABB to assume the role of
CEO of Timken
Group after more than 25 years with
ABB. Brandon joined ABB in 2006
and has held a range of leadership
roles with a focus on the energy sector. Between
2018 and 2020, he was
Global Managing Director for
ABB
Process Industries. Prior to joining
ABB, Brandon held various roles
at Siemens Power Generation. He
holds
a bachelor’s degree
in Economics and a Masters’ degree
in Business Administration from the
Crummer
School of Business at Rollins
College in Winter Park, Florida.
Brandon is a US citizen.
As of August 1, 2024, ABB’s Executive
Committee will consist of: Morten
Wierod (Chief Executive Officer),
Timo Ihamuotila (Chief Financial Officer), Carolina
Granat (Chief Human Resources
Officer), Karin Lepasoon
(Chief Communications and Sustainability
Officer), Giampiero Frisio (President,
Electrification), Peter
Terwiesch (President, Process Automation), Brandon Spencer
(President, Motion) and Sami Atiya
(President, Robotics & Discrete
Automation). In addition, Mathias
Gaertner will join the Executive
Committee
latest on October 1, 2024 as
General Counsel and Company Secretary.
1/2
ABB
is a technology leader in electrification
and automation, enabling
a more sustainable and
resource-efficient future. The company’s solutions
connect engineering
know-how and software to optimize
how things are manufactured, moved,
powered and operated.
Building on over 140 years of excellence,
ABB’s more than 105,000 employees are
committed to driving
innovations that accelerate industrial
transformation. www.abb.com
—
For more information please
contact:
Media Relations
Phone: +41 43 317 71 11
Email: [email protected]
Investor Relations
Phone: +41 43 317 71 11
Email: [email protected]
ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
ABB APPOINTS NEW BUSINESS AREA PRESIDENTS
2/2
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant
has duly caused this report to be
signed on its behalf by the undersigned,
thereunto duly authorized.
ABB LTD
Date: May 23, 2024.
By:
/s/ Ann-Sofie Nordh
Name:
Ann-Sofie Nordh
Title:
Group Senior Vice President and
Head of Investor Relations
Date: May 23, 2024.
By:
/s/ Natalia Shehadeh
Name:
Natalia Shehadeh
Title:
Chief Integrity Officer, Interim General
Counsel and Corporate Secretary