ABB's chief executive steps down following Q1 result

Swiss-Swedish industrial conglomerate ABB's CEO is stepping down, chairman of the board Peter Voser has been appointed interim CEO.

BY RITZAU FINANS

Following its financial report for the first quarter of this year, industrial conglomerate ABB, the result of a merger between Swedish ASEA and Swiss Brown, Boveri & Cie, is saying farewell to its CEO, Ulrich Spiesshofer.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Hitachi to buy ABB's power grids unit valued at USD 11 billion
For subscribers
ABB considers selling its power grid division
For subscribers
ABB approaching billion sale
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Renewables

NKT lands its largest order to date

The Danish power cable manufacturer has landed five orders, worth approximately EUR 3.5bn

For subscribers

Cleantech

Floating Power Plant: Our competitors make floating wind not wave power

For subscribers

The Danish turbine manufacturer will supply almost 1.2GW to Baltic Power. | Foto: Illustration: Vestas

Renewables

Vestas confirms giant order for offshore wind turbines

For subscribers

Lisbeth Knudsen will head Niras' board of directors. | Foto: Keen Heick-abildhauge

Policy & Trading

Niras appoints experienced media profile as chairperson

For subscribers

Power launched in Denmark in 2015, and two years later, the electronics chain expanded to Norway. The chain is also represented with stores in Finland. | Foto: Valdemar Ren

Utilities

Danish retail chain Power to invest heavily in electricity trading through new Norwegian company

For subscribers

Renewables

India prepares 7.2GW offshore wind tender plan

For subscribers

Oil supermajor Saudi Aramco enters LNG
Saudi Aramco invests USD 500m in Midocean energy, an energy company focused on liquefied natural gas.
For subscribers
Ørsted completes 200MW wind farm in Kansas
The utility company’s 13th wind farm in the US is now up and running.
For subscribers
Copenhagen Energy on new PtX venture: We know it's risky
Copenhagen Energy is now preparing for a major green fuel project, but admits that the project is at the risky end of the spectrum.
For subscribers
Analyst: Ørsted management must restore confidence
Ørsted needs to rebuild confidence after a surprising downgrade and drop its long-term growth plans, says Nykredit analyst, while an SEB analyst has faith in the company in the long term.
For subscribers
Vestas analyst expects "quite a few orders" in the coming days - US orders stand out
So far, Vestas has announced 1499 megawatts in unconditional contracts in the quarter, of which the US accounts for 1004.
Billionaire family bets on energy trading
The family has made its fortune in oil and is now increasing its focus on energy trading.
For subscribers

41-year-old Portuguese dies after work accident at Welcon

One person is dead and two are still in mortal danger after an explosion at Welcon’s factory in Jutland, reports local media.

Cleantech

Floating Power Plant: Our competitors make floating wind not wave power

The Lolland-based company has its eyes set on foreign markets, which are expected to take off in the coming years. Combination product will sweep competitors off their feet, explains its CEO.

For subscribers

Renewables

Vestas confirms giant order for offshore wind turbines

The manufacturer receives confirmation of the nearly 1.2GW turbine order from Baltic Power.

For subscribers

Head of equity research at Sydbank, Jacob Pedersen. | Foto: Pr / Sydbank

Renewables

Vestas analyst expects "quite a few orders" in the coming days - US orders stand out

So far, Vestas has announced 1499 megawatts in unconditional contracts in the quarter, of which the US accounts for 1004.

Renewables

All hydrogen stations in Denmark will close

”We can’t justify throwing more money at subsidizing hydrogen alone,” states Everfuel’s CEO, who doesn’t want to kill off hydrogen’s future in passenger cars.

For subscribers

Ørsted CEO Mads Nipper has work to do to restore confidence after last month's downgrade on US projects, analysts say. | Foto: Ørsted

EnergyWatch.eu

Analyst: Ørsted management must restore confidence

Ørsted needs to rebuild confidence after a surprising downgrade and drop its long-term growth plans, says Nykredit analyst, while an SEB analyst has faith in the company in the long term.

For subscribers