ZURICH, Switzerland (18 December 2014)—ABB Chairman Hubertus von Grünberg and Michael Treschow have decided not to stand for re-election to the board of directors at the next Annual General Meeting (AGM). The board of directors of ABB unanimously nominated Peter Voser to succeed Hubertus von Grünberg as chairman. David Constable will stand for election at the AGM, as previously announced, and all other members of the board will stand for re-election.

SCHAFFHAUSEN, Switzerland (Dec. 18, 2014) – Xylem Inc. has been recognized with a Swedish business magazine’s Swedish Innovation Prize for its Flygt SmartRun intelligent pump controller.

Working in tandem with Xylem’s Flygt Experior wastewater pumping solution, SmartRun can reduce a wastewater pump station’s energy usage by up to 50 percent.

TOKYO and ZURICH (Dec. 16, 2014) – ABB and Hitachi announced an agreement to form a joint venture for high-voltage direct current (HVDC) system solutions in Japan. The new entity, to be based in Tokyo, will be responsible for the design, engineering, supply and after-sales services related to the DC system of HVDC projects, bringing ABB's latest technologies to the Japanese market where Hitachi will be the prime contractor.