After an extensive five-month search for a new chief executive officer, engineering and automation giant ABB Group today said that Joseph Hogan, a top executive at General Electric Co., will step into that role.
Hogan, 51, is a 23-year veteran of GE. He currently is CEO of GE Healthcare. Previously, he served as president and CEO of GE Fanuc Automation North America and GE Medical Systems.
Following the surprise departure in February of Fred Kindle, ABB Chief Financial Officer Michel Demare has handled the CEO duties. Demare, who was on the short list of CEO candidates, will resume his full-time post as CFO when Hogan joins the company on Sept. 1, the company said.
During a press conference call this morning, ABB Chairman Hubertus von Gruenberg said Hogan's strong customer commitment, proven international track record, and strong leadership skills were the deciding factors in his selection.