November 20, 2008

ABB appoints Mr Joseph Hogan as new CEO

The Board of Directors of ABB Ltd announced that Mr Joseph M Hogan has been appointed as CEO of the ABB Group. Mr Hogan is currently CEO of GE Healthcare, the global leader in medical diagnostic technology and biosciences and is a member of the GE Senior Executive Council. He will join ABB on September 1st 2008.

Mr Hubertus von Gruenberg chairman of ABB said that “Following our extensive search over the past months, the Board of Directors is very pleased with Joseph’s decision to take on this exciting role. His proven international track record as a highly successful leader at one of the world’s most respected technology companies will be a great contribution to the Company as we continue to focus the organization on excellence in everything we do.”

Mr Gruenberg said that “The Board and I would also like to thank Michel Demaré for his many contributions to ABB in this transitional period. We are very pleased with the direction of the Company under Demaré’s guidance.”

Mr Hogan said that “I am honored to become ABB’s CEO. I am deeply committed to ABB’s drive to increase energy efficiency and industrial productivity for its customers. I look forward to leading the Company to the next stage of its development and success together with the team at ABB.”