ABB plans $4 billion share buyback following CEO’s new strategy
Switzerland, Zurich: ABB announced a $4 billion share buyback after ABB CEO Ulrich Spiesshofer said he seeks to boost shareholder returns.
#ABB Ulrich Spiesshofer
ABB’s CEO says profit warning is ‘purely operational’
ABB’s CEO, Ulrich Spiesshofer, told CNBC that the fourth-quarter profit warning is “purely operational” and the company is looking to “turn the page”.
ABB wins $37-million transformer order in Poland
ABB has won an order worth around $ 37 million from PSE S.A., Poland’s state owned transmission system operator, to deliver 12 power transformers as part of an initiative to strengthen the national grid.