CEO Hogan to leave ABB for private reasons

Date for departure has not yet been decided; successor to be announced in due
course
Zurich, Switzerland, May 10, 2013 – ABB Chief Executive Officer Joe Hogan has
decided to leave ABB for private reasons.

A date for his departure has not yet been decided. Hogan will continue to lead
ABB until a successor is announced. He is committed to a smooth transition.

“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,” said Chairman
Hubertus von Grünberg. “I know this has been a tough and difficult decision for
Joe and the Board sincerely regrets that Joe will be leaving the company.”

Hogan joined ABB as CEO in September 2008. During his time at the helm, ABB has
invested about $20 billion to strengthen the company. Major investments have
been made in acquisitions and in R&D to help secure ABB’s technological
leadership in power and automation.

“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,” von Grünberg added.

“I have informed the board that I have decided to leave ABB. This has been a
difficult decision as I leave behind a strong and talented Executive Committee
and a cohesive Board whose support I could always count on. I look forward to
making a smooth transition with as little disruption as possible to the positive
momentum that ABB has established,” CEO Hogan said.

ABB (www.abb.com (http://www.abb.com/)) is a leader in power and automation
technologies that enable utility and industry customers to improve their
performance while lowering environmental impact. The ABB Group of companies
operates in around 100 countries and employs about 145,000 people.
För mer information, kontakta:

Media Relations:
Thomas Schmidt, Antonio Ligi
(Zurich, Switzerland)
Tel: 41 43 317 6568
media.relations@ch.abb.com