Read news from:
Austria
SHARE
COPY LINK

ENGINEERING

ABB executive to quit after five-year tenure

Swiss-Swedish engineering giant ABB said on Friday its chief executive Joe Hogan had decided to leave the company "for private reasons," but stressed he would remain on board until a successor had been found.

Published: 10 May 2013 10:49 CEST
ABB executive to quit after five-year tenure

“I have informed the board that I have decided to leave ABB. This has been a difficult decision,” Hogan, who took over the helm of the company in 2008, said in a statement.

ABB said no date had yet been set for Hogan’s departure and that he would stay on until a successor had been announced.

“He is committed to a smooth transition,” the company said.

Born in 1957, Hogan spent 23 years at US group General Electric before moving to ABB five years ago.

During his tenure, the Swiss-Swedish engineering behemoth has invested around $20 billion in strengthening the company, including in a number of acquisitions and in expanding research and development.

“Under Joe’s leadership ABB’s competitiveness has significantly improved by investing boldly in measures to drive growth and innovation, and by carefully managing costs,” company chairman Hubertus von Gruenberg said.

He hailed Hogan as “a great and successful CEO (who) has done a remarkable job of leading the company through the deepest economic crisis in living memory.”

AFP/The Local/at

Follow The Local on Twitter

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

EMPLOYMENT

Young Euro engineers want work in Germany

German companies made up half of the top-10 most sought after employers for European engineering students in a survey published on Wednesday.

Published: 10 June 2015 15:45 CEST
Young Euro engineers want work in Germany
A Bosch worker at an automated production line. Photo: DPA

Although IBM pipped Siemens out of its 2014 first-place ranking, BMW, Airbus, Bosch and Daimler/Mercedes-Benz loaded the rest of the leaderboard with German quality.

But it wasn't just German companies' reputation for high-quality products that made them leading choices for the future engineers and IT workers.

“Top employers are the ones that have made professional development the top thing on their agendas, and offer a creative and dynamic work environment too,” said Claudi Tattanelli, Global Director of labour market research firm Universum.

That might mean that the likes of Volkswagen, Bayer or BASF have some investing in their workforce to do to move up in the attractiveness stakes, after they placed 23rd, 24th and 26th respectively.

And Germany as a whole has some catching-up to do when it comes to the business side of the equation, where not a single German company was among the top 10 employers picked by undergraduates.

BMW was the top-placed German entrant at 13th, with others such as adidas, Deutsche Bank, Daimler/Mercedes-Benz and Volkswagen peppering the high teens and 20s.

“Business students prefer professional training and development, challenging work and opportunities for international travel/relocation,” Universum said in a press release.

The Universum survey asked 168,000 business and engineering or IT students in the 12 biggest European economies about their preferred companies and workplace environment.

SEE ALSO: Graduates desperate to work for car giants

SHOW COMMENTS