ABB CEO Steps Down Just Four Months After Launching Overhaul - EcoFinBiz Blog

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ABB CEO Steps Down Just Four Months After Launching Overhaul

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(Bloomberg) -- ABB Ltd. said it’s replacing Chief Executive Officer Ulrich Spiesshofer in an abrupt departure just four months after he initiated a major overhaul of the Swiss engineering company that failed to impress shareholders and an activist investor alike.

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