ABB Names Elzvik CFO, Executive Committee Member
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ABB Group, Zurich, Switzerland, has appointed Eric Elzvik, CFO of its Discrete Automation and Motion division, as Group CFO and a member of the Executive Committee, succeeding Michel Demaré, who will focus on his board roles, as previously announced. Elzvik will take up his new role on February 1, 2013.
"Eric is a familiar figure to bankers and the financial community, and his presence guarantees continuity in terms of financial strategy and governance," said CEO Joe Hogan.
Elzvik, 52, joined ABB in 1984 and has held a variety of leadership roles in Sweden, Singapore, and Switzerland, including head of Corporate Development, and head of Mergers and Acquisitions and Joint Ventures. He was named CFO of the Automation Products division in 2006, and in 2010 became CFO for the Discrete Automation and Motion division. A successor for this position will be announced in due course.
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