Fred Kindle Future CEO of ABB
Mr. Kindle, who decisively contributed to the successful restructuring of the corporation in the last five years, has accepted a new challenge as future president and CEO of ABB Ltd. The Sulzer Board of Directors regrets his decision, but wishes him success in his future endeavor. The Board thanks him for his dedicated leadership and vision during a demanding period. Sulzer is much stronger today as a result.
Successor to be Determined by April
The Sulzer Board of Directors expects to appoint the new CEO, who has in-depth knowledge of Sulzer’s industrial markets, significant international management experience, and a strong track record, by April 2004. |