ZURICH, Switzerland — The board of directors of ABB and its CEO Ulrich Spiesshofer have mutually agreed for him to step down from his role, which he has held since 2013. The chairman of the board, Peter Voser, has become interim CEO in addition to his current role, with immediate effect. An official search to find a new CEO has been initiated.
Sponsored by
PARSIPPANY, N.J., – The Hydraulic Institute (HI) installed a new leadership team during the 2019 HI Annual Conference at the Vinoy Resort & Golf Club in St. Petersburg, Florida.
SAN FRANCISCO —Genstar Capital, a private equity firm focused on investments in targeted segments of the industrial technology, healthcare, software, and financial services industries, announced the acquisition of Ohio Transmission Corporation (OTC), an industrial automation equipment distributor and technical service provider.
Jeannette, Pa. – Elliott Group announced that the merger of Ebara International Corporation, based in Sparks, Nevada, with its operations in Jeannette, PA, is now complete. On April 1, 2019, the merged entity became one of four business units within Elliott Group.