ABB has announced that company CEO Joe Hogan has decided to leave for private reasons.
Hogan joined ABB as CEO in September 2008. A date for his departure has not yet been set, and he will continue to lead ABB until a successor is announced.
‘Joe is a great and successful CEO and has done a remarkable job of leading the company through the deepest economic crisis in living memory. ABB today is in a much better position than it was when he joined five years ago,’ says Chairman Hubertus von Grunberg. "I know this has been a tough and difficult decision for Joe, and the board sincerely regrets that Joe will be leaving the company."