ABB names new group CEO

The global tech giant's Power Systems business unit will get a new CEO, starting next year. The new man has been found within the company.

Tech company ABB has appointed Italian Claudio Facchin as group CEO responsible for the Power Systems division, which accounts for roughly one fifth of the company's revenue.

The 48-year-old engineer has headed the company's branch in northern Asia for the past four years. He has been employed at ABB since 1995.

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