{"id":11292,"date":"2024-03-27T06:02:52","date_gmt":"2024-03-27T06:02:52","guid":{"rendered":"https:\/\/www.emr-online.com\/abb-tarak-mehta-to-leave-abb\/"},"modified":"2024-03-27T06:02:52","modified_gmt":"2024-03-27T06:02:52","slug":"abb-tarak-mehta-to-leave-abb","status":"publish","type":"post","link":"https:\/\/www.emr-online.com\/abb-tarak-mehta-to-leave-abb\/","title":{"rendered":"ABB – Tarak Mehta to leave ABB"},"content":{"rendered":"

[vc_row el_class=’EmrExectiveRowSection’][vc_column][vc_column_text]<\/p>\n

\"\"<\/strong><\/h4>\n

ABB announced today that Tarak Mehta, President Motion Business Area and Member of the Executive Committee, has decided to leave ABB since he has accepted the role as CEO of another company. <\/strong><\/h1>\n

 <\/p>\n

Tarak will leave ABB at the end of July this year.<\/strong><\/p>\n

Tarak joined ABB in 1998 and has since then held a number of positions of increasing responsibility in the United States, Sweden and Switzerland. He joined ABB\u2019s Executive Committee in 2010 and was appointed to his current position in April 2022.<\/p>\n

\n

\u201cThroughout his 26 year career at ABB, Tarak has demonstrated exceptional leadership. As Executive Committee member and Business Area President, Tarak has contributed to achieving a record high operational EBITA margin in the past year in our Motion business and the Business Area is well-positioned to contribute to ABB\u2019s higher financial targets going forward. Before that, he played a key role in further strengthening our leading position in the United States, ABB\u2019s largest market, for our Electrification business,\u201d said CEO Bj\u00f6rn Rosengren. \u201cWe thank Tarak for his outstanding contribution to the success of our company and wish him all the best for both his professional and personal future endeavors.\u201d<\/p>\n<\/blockquote>\n

 <\/p>\n

\n

\u201cI would like to express my sincere gratitude and appreciation to everyone I have worked with over the years. Thank you for your support, efforts, guidance and the results we have achieved together. It has been a wonderful journey of 26 years filled with challenges and opportunities as well as personal and professional growth. I wish the ABB team a continued bright future,\u201d said Tarak Mehta.<\/p>\n<\/blockquote>\n

 <\/p>\n

A search process for the position of President, Motion Business Area will be launched shortly.<\/p>\n

 <\/p>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n

Source<\/span>ABB<\/span>[vc_icon class=’fntasm’ icon_fontawesome=’fas fa-external-link-alt’]<\/a><\/h5>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_empty_space][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text el_class=’bg_wt_rc’]<\/p>\n

EMR Analysis<\/strong><\/h4>\n

More information on ABB:<\/strong> See full profile on EMR Executive Services<\/a><\/p>\n

More information on Bj\u00f6rn Rosengren (Chief Executive Officer and Member of the Group Executive Committee, ABB until July 31, 2024 + Advisor to the Chief Executive Officer and to the Executive Committee, ABB until December 31, 2024):<\/strong> See the full profile on EMR Executive Services<\/a><\/p>\n

More information on Morten Wierod (President, Electrification and Member of the Executive Committee, ABB + Member of the Board of Directors, ABB E-mobility Holding AG + Chief Executive Officer and Member of the Group Executive Committee, ABB as from August 1, 2024):<\/strong> See full profile on EMR Executive Services<\/a><\/p>\n

More information on ABB Motion:<\/strong> https:\/\/new.abb.com\/about\/our-businesses\/motion<\/a>  <\/a>+ ABB Motion keeps the world turning, while saving energy every day. Our pioneering drives, motors, generators products and integrated digital powertrain solutions are driving the low-carbon future for industries, cities, infrastructure and transportation. Through our global presence we are always close to our customers. We help them optimize energy efficiency, improve safety and reliability and achieve precise control.<\/p>\n

ABB Motion portfolio: Drives, Motors and Generators, Services, Traction. <\/p>\n

21,100 employees, 23% of Global ABB Revenue \/ $ 6.7bn in 2022 at -3% with 7 Divisions.<\/p>\n

More information on Tarak Mehta (President Motion and Member of the Executive Committee, ABB until end of July 2024): <\/strong>See full profile on EMR Executive Services<\/a><\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

EMR Additional Notes: <\/strong><\/p>\n