Fox Business - The Power to Prosper
Search Site

Baldor Electric

ABB: Chief Technology Officer Prith Banerjee to Quit

ABB Ltd. (ABBN.VX) said Monday its chief technology officer would leave the Swiss electrical engineering giant, creating the second vacancy in the company's C-suite in as many business days.Prith Banerjee, who joined ABB last year, will relocate to the U.S. to take a position "outside the company," ABB said in an early morning statement.Mr. Banerjee will be leaving ABB in the next few weeks though a date for his departure hasn't been decided, the company said, adding that it would announce a successor in "due course."Mr. Banerjee's sudden departure, which was attributed to undisclosed "family reasons," is the latest in a series of resignations that is creating an experience gap at the highest levels of the global engineering behemoth. Last Friday, the company said Chief Executive Joe Hogan was leaving as soon as a replacement could be found, while Michel Demare, who left to become chairman of chemicals giant Syngenta AG (SYT), was replaced as chief financial officer in February.On Frid...

Read More

  1. ABB To Raise Dividend, Reports Rising

    ABB Ltd .(ABBN.VX) Thursday said it would continue to manage costs conservatively amid lingering questions about the strength of the European and U.S. markets even a...

  2. ABB Warns On Margin Pressure In Early 2012 As Net Profit Jumps

    ABB Ltd (ABB) Thursday said it expects low single-digit growth in most of its early-cycle businesses until confidence in the economy improves, as recent acquisitions...

  3. Swiss Firms Upbeat On Dealmaking; Fincls The Exception -Study

    ZURICH -(Dow Jones)- Swiss firms are far more upbeat on dealmaking this year, though experts don't expect a return to levels of mergers and acquisitions seen before ...

  4. Shaky End to November as Google, Euro Slide

    FOX Business: The Power to ProsperFor the second day in a row, Wall Street battled back from triple-digit decline, but the comeback on Tuesday wasn’t enough to erase...

  5. GM to Add 1K Engineers

    FBN's Sandra Smith on the auto maker's decision to add 1,000 new engineers in the Detroit area.

  6. ABB Group to Buy Baldor for $3B

    FBN's Connell McShane on ABB Group's acquisition of Baldor Electric .

  7. ABB to Buy Baldor Electric for $3.1 Billion

    Swiss engineering group ABB is to buy U.S. industrial motors firm Baldor Electric Co (NYSE:BEZ) for $3.1 billion to capitalize on a global push for energy efficiency...

Freebase CC-BY
Source: Baldor Electric on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL