Thursday, March 5, 2015

Ulrich Spiesshofer: ABB CEO

Ulrich Spiesshofer was born on March 26, 1964, in Aalen, in the southwestern German state of Baden-Wuerttember. Ulrich holds a Master’s degree in business administration and engineering as well as a PhD in economics from the University of Stuttgart. 
Ulrich joined AT Kearney management consultant in 1991. He rose to become managing director of AT Kearney International, during which time he ran consulting businesses in industries including oil and gas, utilities, telecommunications and automotive, in Europe, Asia and the Americas.
Ulrich left AT Kearney in 2002 then joined Roland Berger Strategy Consultants in Switzerland. He spent three years in the company as senior partner and global head of the operations practice. 
In 2005 Ulrich joined ABB as Executive Committee member responsible for strategy and development. He was appointed in 2010 Head of Discrete Automation and Motion, one of the five divisions of ABB. While there Ulrich led the acquisition of Baldor Electric, the largest maker of industrial motors in North America. It was also the largest acquisition of ABB to date with a price tag of $4.2 billion. 
Ulrich became the CEO of the ABB Group in September 2013. ABB is leading power and automation technology company, based in Zurich, Switzerland. 

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