Joseph Hogan, 51, currently CEO of GE Healthcare, will become CEO of ABB Group on September 1, 2008.
Michel Demar, who had held the CEO position on an ad-interim basis since February 13, 2008 will continue to serve as CFO.
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, said Hubertus von Gruenberg, ABB's Chairman.
Hogan's career at GE, spanned 23 years and included a wide range of positions. He led GE Medical Systems and then GE Healthcare from November 2000, during which time he grew the business by $11 billion.
Prior to this, he served as President and CEO of GE Fanuc Automation North America, Inc., a global supplier of industrial controls systems and a joint venture between GE and FANUC of Japan. Previously, he held a number of key positions in sales, marketing and product development at GE Plastics.
Hogan holds a Bachelor of Science degree in Business Administration from Geneva College and an MBA from Robert Morris University.