Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

ABB Reorganizes
Sep 6, 2005
 Printable format
 Email this Article
 Search

Automation technology group ABB, based in Zurich, Switzerland, today announced new mid-term targets for the five-year period from 2005 to 2009. It outlined a strategy that it said emphasized improved business execution and a broader approach to value creation. This includes focus on growth, operating margin, use of capital, and cash generation.

To support the strategy, ABB will revamp its organizational structure as of January 1, 2006, removing a layer of management. The two core divisions will be divided into five business units. A new executive committee-level position will drive the integration of the regional organization.

"This is an evolution of our strategy, not a revolution," said ABB President and CEO Fred Kindle. "We remain focused on our core power and automation businesses. The strategy involves a balanced approach to value creation by widening our focus beyond growth to higher margins, greater return on capital, and cash generation. Above all, the emphasis will be on better execution to deliver results more consistently and reliably.

"ABB today is in a strong position and we can look forward to sustainable and profitable growth," Kindle added. "The targets and actions we are announcing today are designed to build on our strength and secure our competitive success over the next five years and beyond."

Back to Daily News

 

Daily News

...........................................................

Apr 18, 2014: Spectrum Brands CEO Lumley Joins Husqvarna Board

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows