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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...

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