Bernd W. Voss to retire from ABB Board
Zurich, Switzerland, March 2, 2011 – ABB’s Board of Directors has unanimously proposed Ms. Ying Yeh as a new member. The shareholders will vote on her nomination at the company’s next annual general meeting on April 29, 2011.
Bernd W. Voss has chosen not to seek re-election to the ABB Board at the next annual general meeting. The other members of the Board will stand for re-election. ABB Board members are elected for a one-year term.
Ying Yeh is currently Vice President of Nalco Company, one of the world’s largest sustainability services companies, and Chairperson of the company’s Greater China region. She is currently a non-executive director of AB Volvo in Sweden and of the Intercontinental Hotels Group in the UK. Yeh is 62 and a resident of Hong Kong.
Yeh has extensive public and private sector experience in China, Hong Kong, Singapore, Taiwan and the US, and has been pivotal in driving highly ambitious growth strategies in business-to-business industries. She has had leadership roles in a number of utility and energy efficiency projects, and is familiar with many of ABB’s key sectors including water treatment, paper, mining and chemicals.
Hubertus von Grünberg, Chairman of the ABB Board, said “Ying Yeh’s nomination reflects ABB’s commitment to build on our strong relationships in Asia and expand our presence in this important economic region. We are also delighted to propose the election of the first woman as a director of ABB; her insights will further enrich the diversity of our multicultural Board.”
Bernd W. Voss has been a member of the ABB Board and the Chairman of the Finance, Audit and Compliance Committee since 2002. Von Grünberg said “Bernd Voss has been an integral part of ABB’s history during some of its greatest challenges and successes. We thank him sincerely for his guidance and leadership in helping to shape today’s ABB.”
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 124,000 people.