UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2024
Commission File Number 001-16429
ABB Ltd
(Translation of registrant’s name into English)
Affolternstrasse 44, CH-8050, Zurich, Switzerland
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F
☒
Form 40-F
⬜
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
⬜
Note:
annual report to security holders.
Indication by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
⬜
Note:
document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the
registrant is incorporated, domiciled or legally organized (the registrant’s “home country”), or under the rules of the home country
exchange on which the registrant’s securities are traded, as long as the report or other document is not a press release, is not required
to be and has not been distributed to the registrant’s security holders, and, if discussing a material event, has already been the subject
of a Form 6-K submission or other Commission filing on EDGAR.
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
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No
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If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-
This Form 6-K consists of the following:
1.
Press release issued by ABB Ltd dated May 23, 2024, titled “ABB appoints new Business Area Presidents”.
2
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ZURICH, SWITZERLAND,
MAY 23, 2024
ABB appoints new Business Area
Presidents
ABB today announced the appointment of Giampiero Frisio as the new President of its Electrification
Business Area and Brandon Spencer as the new President of its Motion Business Area. Both will take over
their new roles and join ABB’s Executive Committee on August 1, 2024.
ABB CEO Björn Rosengren said: “Both Giampiero and Brandon are proven leaders with strong track records
in their current roles driving profitable growth in two of our largest Divisions. I am particularly happy that we
are appointing internal candidates – this shows the strength of ABB’s pool of senior leaders. I am confident
that they will build on the strong performance achieved in Electrification and Motion over the past years.”
Morten Wierod, CEO designate, added: “I am excited to work with Giampiero and Brandon also in their new
roles when I take over as ABB CEO later this year. With them we will continue to have a strong Executive
Committee that will drive ABB’s financial and sustainability performance.”
Giampiero Frisio, Division President Smart Power (Electrification Business Area) since 2018, will succeed
Morten Wierod who, as announced previously, will become ABB’s new CEO as of August 1, 2024.
Giampiero joined ABB in 1995 and has held numerous managerial positions in roles ranging from operations
to marketing and sales. From January 2011 to November 2018, he was the Managing Director for Protection
and Connection Business Unit, Electrification Products. He holds a Master’s degree in Electrical Engineering
from Pavia University in Italy. Giampiero is an Italian citizen.
Brandon Spencer, Division President Energy Industries (Process Automation Business Area) since 2020, will
succeed Tarak Mehta, who as announced previously, will leave ABB to assume the role of CEO of Timken
Group after more than 25 years with ABB. Brandon joined ABB in 2006 and has held a range of leadership
roles with a focus on the energy sector. Between 2018 and 2020, he was Global Managing Director for ABB
Process Industries. Prior to joining ABB, Brandon held various roles at Siemens Power Generation. He holds
a bachelor’s degree in Economics and a Masters’ degree in Business Administration from the Crummer
School of Business at Rollins College in Winter Park, Florida. Brandon is a US citizen.
As of August 1, 2024, ABB’s Executive Committee will consist of: Morten Wierod (Chief Executive Officer),
Timo Ihamuotila (Chief Financial Officer), Carolina Granat (Chief Human Resources Officer), Karin Lepasoon
(Chief Communications and Sustainability Officer), Giampiero Frisio (President, Electrification), Peter
Terwiesch (President, Process Automation), Brandon Spencer (President, Motion) and Sami Atiya
(President, Robotics & Discrete Automation). In addition, Mathias Gaertner will join the Executive Committee
latest on October 1, 2024 as General Counsel and Company Secretary.
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ABB
resource-efficient future. The company’s solutions connect engineering know-how and software to optimize
how things are manufactured, moved, powered and operated. Building on over 140 years of excellence,
ABB’s more than 105,000 employees are committed to driving innovations that accelerate industrial
transformation. www.abb.com
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For more information please contact:
Media Relations
Phone: +41 43 317 71 11
Email: media.relations@ch.abb.com
Investor Relations
Phone: +41 43 317 71 11
Email: investor.relations@ch.abb.com
ABB Ltd
Affolternstrasse 44
8050 Zurich
Switzerland
ABB APPOINTS NEW BUSINESS AREA PRESIDENTS
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
ABB LTD
Date: May 23, 2024.
By:
/s/ Ann-Sofie Nordh
Name:
Ann-Sofie Nordh
Title:
Group Senior Vice President and
Head of Investor Relations
Date: May 23, 2024.
By:
/s/ Natalia Shehadeh
Name:
Natalia Shehadeh
Title:
Chief Integrity Officer, Interim General
Counsel and Corporate Secretary