ABB Nominates New Board Members

ZURICH–(BUSINESS WIRE)–At the coming annual general meeting (AGM) on March 29, 2018, all ABB
Board of Directors members will stand for reelection, with the
exceptions of Ying Yeh and Louis R. Hughes, who have decided not to seek
another term. Additionally, following a careful selection process, the
Board of Directors has nominated three new candidates for seats on the
board – Jennifer Xin-Zhe Li, former CFO of Baidu and current head of
Baidu Capital, Geraldine Matchett, Global CFO of Royal DSM, and Gunnar
Brock, the former President and CEO of Atlas Copco Group. The
shareholders will vote on each candidate for election to the board at
the AGM.

“We are pleased to nominate Jennifer, Geraldine and Gunnar to ABB’s
Board of Directors,” said Peter Voser, Chairman of the Board. “Each of
these exceptional individuals brings relevant, long-term experience and
judgment to the role. At the same time, I would like to thank Ying Yeh
and Lou Hughes for their outstanding contributions to our work in the
past. Lou has been Chairman of the Finance, Audit and Compliance
Committee and offered years of long-standing service for which we are
very grateful.”

Jennifer Xin-Zhe Li became head of Baidu Capital in 2017. Previously she
served as CFO of Baidu, Inc., and in a range of senior financial
positions at General Motors. She holds an MBA from the University of
British Columbia.

Geraldine Matchett has been the Global CFO of Royal DSM since 2014. She
was previously the Global CFO at SGS S.A. in Switzerland. She holds a
master’s degree in sustainable development from the University of
Cambridge.

Gunnar Brock has formerly served as President and CEO of Atlas Copco
Group, President and CEO of Thule International, President and CEO of
Tetra Pak Group, and President and CEO of Alfa Laval Group. He is
currently Chairman of the Board at Mölnlycke Health Care AB and Stena AB
and is a board member at Investor AB, ABB’s largest shareholder, and
among others, Patricia AB. He holds an MBA from the Stockholm School of
Economics.

The election of ABB’s nominees would bring the number of board members
from 10 to 11.

ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in
electrification products, robotics and motion, industrial automation and
power grids, serving customers in utilities, industry and transport &
infrastructure globally. Continuing a history of innovation spanning
more than 130 years, ABB today is writing the future of industrial
digitalization and driving the Energy and Fourth Industrial Revolutions.
As title partner of Formula E, the fully electric international FIA
motorsport class, ABB is pushing the boundaries of e-mobility to
contribute to a sustainable future. ABB operates in more than 100
countries with about 136,000 employees. www.abb.com

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