ABB Ltd (0NX2) - Directorate Change
RNS Number : 1895R
15 November 2012
ABB appoints Eric Elzvik as CFO
Current CFO of Discrete Automation and Motion division to take up new role on
Feb. 1, 2013
Zurich, Switzerland, Nov. 15, 2012 - ABB has appointed Eric Elzvik, the chief
financial officer of its Discrete Automation and Motion division, as Group CFO
and member of the Executive Committee, succeeding Michel Demaré as previously
announced. Elzvik will take up his new role on Feb. 1, 2013.
"Eric is a familiar figure to bankers and the financial community, and his
presence guarantees continuity in terms of financial strategy and governance,"
said Chief Executive Officer Joe Hogan.
Elzvik, 52, joined ABB in 1984 and has held a variety of leadership roles in
Sweden, Singapore and Switzerland, including head of Corporate Development,
and head of Mergers and Acquisitions and Joint Ventures.
He was named CFO of the Automation Products division in 2006, and in 2010
became CFO for the Discrete Automation and Motion division. A successor for
this position will be announced in due course.
"I'm very pleased that ABB has been able to fill this role from a strong bench
of internal candidates," Demaré said.
Elzvik has dual Swiss-Swedish citizenship and has a degree in Business
Administration and International Finance from the Stockholm School of
ABB (www.abb.com) is a leader in power and automation technologies that enable
utility and industry customers to improve their performance while lowering
environmental impact. The ABB Group of companies operates in around 100
countries and employs about 145,000 people.
For more information please contact:
ABB Group Media Relations:
Thomas Schmidt; Antonio Ligi
Tel: +41 43 317 6568
Switzerland: Tel. +41 43 317 7111
USA: Tel. +1 919 807 5758
This information is provided by RNS
The company news service from the London Stock Exchange
BOAQELBFLFFBFBL -0- Nov/15/2012 07:00 GMT
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