ABB (ANN.L, ABB) announced its Board has appointed Ulrich Spiesshofer as Chief Executive Officer. Spiesshofer will succeed Joe Hogan, effective September 15, 2013. Hogan will continue with the company for some months as Senior Advisor to the Board.
Spiesshofer joined the company's Executive Committee in 2005 and was named responsible for the Discrete Automation and Motion division, in 2009.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.