SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of: March 2002
ABB Ltd
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(Exact name of registrant as specified in charter)
N/A
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(Translation of registrant's name into English)
Switzerland
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(Jurisdiction of organization)
P.O. Box 8131, Affolternstrasse 44, CH-8050, Zurich, Switzerland
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(Address of principal executive offices)
Registrant's telephone number, international: + 011-41-1-317-7111
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Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F.
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-________
This Form 6-K consists of the following:
1. Press release of ABB Ltd (the "Company"), dated March 12, 2002, in respect of
Peter Voser, the Company's Chief Financial Officer, assuming responsibility for
the Company's Financial Services division.
Press Release
For your business and technology editors
ABB puts Financial Services activities under new CFO
Zurich, Switzerland, March 12, 2002 - ABB, the global power and automation
technology group, said today that it is placing its Financial Services division
under incoming chief financial officer (CFO) and executive vice president Peter
Voser.
Voser, who joined ABB this month, takes responsibility for the division's four
business areas - Structured Finance, Equity Ventures, Treasury and Insurance,
with immediate effect. The other group financial functions, Controlling,
Corporate Finance & Taxes, Real Estate, Risk Management & Insurance and Value
Services, already report to the CFO.
The group function Strategy and Ventures, which includes the mergers and
acquisitions unit, will also report to the CFO.
"Given the increasing need for close coordination of our financial functions and
businesses, we have decided to move them under the leadership and guidance of
the CFO," said president and chief executive officer Jorgen Centerman. "This
organizational change will also strengthen the overall control framework."
ABB said the Financial Services activities would continue to report as a
division.
Jan Roxendal, who has successfully headed ABB's financial services activities
since 1991 and been a member of the ABB executive committee since 1998, has
decided to leave the company but has made himself available for a transition
period of three months, ABB said.
ABB (www.abb.com) is a global leader in power and automation technologies that
enable utility and industry customers to improve performance while lowering
environmental impact. ABB has 155,000 employees in more than 100 countries.
For more information please contact:
Media Relations: Investor Relations:
ABB Corporate Communications, Zurich Switzerland: Tel. +41 43 317 3800
Thomas Schmidt Sweden: Tel. +46 21 325 719
Tel: +41 43 317 6492 USA: Tel. +1 203 750 7743
Fax: +41 1 317 7958 investor.relations@ch.abb.com
media.relations@ch.abb.com
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
ABB LTD
Date: March 13, 2002 By: /s/ BEAT HESS
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Name: Beat Hess
Title: Group Senior Officer
By: /s/ HANS ENHORNING
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Name: Hans Enhorning
Title: Group Vice President