ABB's $20bn Hogan to step down

Under Joe Hogan, ABB has became a major force in the global solar sphere

Under Joe Hogan, ABB has became a major force in the global solar sphere

Joe Hogan, who helmed ABB as it transformed into one of the world’s most important and eclectic renewables players, is stepping down.

The chief executive is leaving for “private reasons”, the company says, but will stay on until a successor has been announced. No date has been set for the handover.

Since taking the reins at the Swiss-Swedish industrial giant in September 2008, Hogan, an American and a veteran of GE’s medical, automation and plastics divisions, has overseen $20bn of investment to ABB’s sprawling business empire – much of it with deep implications for the future of renewable energy.

In recent years it has invested in renewables-focused businesses large and small, from its $1bn acquisition last month of Power-One, the world’s Log in to read complete article.

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