ABB Board proposes Peter Voser as its new Chairman


  · Hubertus von Grünberg (72) and Michael Treschow (71) decide not to stand for
re-election to the Board of Directors at the next Annual General Meeting in
April 2015
  · All other current members of the Board to stand for re-election
Zurich, Switzerland, Dec. 18, 2014– ABB Chairman Hubertus von Grünberg and
Michael Treschow have decided not to stand for re-election to the Board of
Directors at the next Annual General Meeting (AGM). The Board of Directors of
ABB unanimously nominated Peter Voser to succeed Hubertus von Grünberg as
Chairman. David Constable will stand for election at the AGM, as previously
announced, and all other members of the Board will stand for re-election.
Shareholders will vote on the proposed changes on April 30, 2015.

“I am delighted that Peter Voser has accepted to stand for election as Chairman
of ABB”, Hubertus von Grünberg said. “Peter Voser brings intimate knowledge of
ABB and its key markets as well as an excellent track record as a leader in
large, global organizations”.

Shareholders elect Board members for a one-year term and will vote on the
nominations at the Annual General Meeting (AGM) on April 30, 2015. The Board
intends to elect Jacob Wallenberg as Vice-Chairman of the Board after the April
30, 2015 AGM.

Von Grünberg has been Chairman of the ABB Board since May 2007. During his
tenure ABB’s revenues have risen from about $23 billion in 2006 to $42 billion
in 2013, whilst net income has doubled. Under his leadership ABB also achieved
an unprecedented global balance in its business across Europe, the Americas,
Asia/Middle East and Africa. In his time as Chairman, ABB launched many
breakthrough innovations including a breaker for high-voltage direct current
(HVDC) breaker, the revolutionary human-machine collaborative robot YuMi, and
Emax2, the world’s first low- voltage circuit breaker that also functions as an
energy manager.

Michael Treschow, Chairman of the Governance and Nomination Committee, joined
the ABB Board in 2003 and has contributed strongly to company’s return to
profitable growth with his wealth of industrial leadership experience in key
markets of ABB.

In addition to Hubertus von Grünberg, the current members of the ABB Board are
Roger Agnelli, Matti Alahuhta, Louis R. Hughes, Michel de Rosen, Michael
Treschow, Jacob Wallenberg and Ying Yeh.
“I am honored to be nominated as Chairman of the Board and look forward to
working with ABB’s CEO Ulrich Spiesshofer, his executive team and the Board of
Directors to drive accelerated sustainable value creation through the
implementation of the recently announced Next Level strategy.” said Peter Voser.

Peter Voser, a Swiss citizen, was CEO of Royal Dutch Shell, one of the world’s
largest companies, from 2009 to the end of 2013. Prior to this he served as
Chief Financial Officer (CFO) of Royal Dutch Shell. Between 1982 and 2002 Voser
worked for Shell and served in a number of finance and business roles in
Switzerland, the UK, Argentina and Chile.

Between 2002 and October 2004, Peter Voser was CFO of ABB Ltd. and a key leader
behind the successful turnaround and repositioning of the company for long-term
profitable growth. Voser also brings also a wealth of experience as a Board
member of publicly listed companies such as Roche, UBS (until 2010) and Aegon
(until 2006).
ABB Group Corporate Communications, Zurich
Thomas Schmidt, Antonio Ligi
Tel: 41 43 317 6568
Fax: 41 43 317 7958
media.relations@ch.abb.com

Investor Relations
Switzerland: Tel. 41 43 317 7111
USA: Tel. 1 203 750 7743
investor.relations@ch.abb.com

 For further information please refer to http://www.abb.com/news
ABB (www.abb.com) is a leader in power and automation technologies that enable
utility, industry, and transport and infrastructure customers to improve
performance while lowering environmental impact. The ABB Group of companies
operates in roughly 100 countries and employs about 145,000 people.

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