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Stock Market & Financial Investment News

News Breaks
May 13, 2013
07:50 EDTABBABB Chief Technology Officer Banerjee to follow CEO Hogan in leaving
ABB announced Chief Technology Officer, Prith Banerjee, has decided to leave ABB for family reasons. Banerjee will be leaving ABB in the next few weeks and a date for his departure has not yet been decided, the company said. Banerjee will be relocating to the United States where he will be taking another position outside the company and a successor will be announced in due course, ABB added. Note that the company also said May 10 that Chief Executive Officer Joe Hogan has decided to leave for private reasons, though Hogan will continue to lead ABB until a successor is announced.
News For ABB From The Last 14 Days
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July 22, 2015
07:16 EDTABBActivist may push for ABB break-up, Bloomberg reports
Activist investor Cevian Capital is now the second largest stakeholder in ABB with a 5.1% stake and may push for a breakup or other changes at the power grid maker, according to Bloomberg, citing a person familiar with the investor's plans. Reference Link

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