Posted AT 7:51 AM EST on 17/07/08
ABB names GE Healthcare chief Hogan CEO
ZURICH — ABB appointed Joseph Hogan as its new chief executive, heralding what analysts said could be a fresh round of acquisitions by the cash-rich Swiss-Swedish engineering group.
Investors cheered the move and ABB shares rose almost 4 per cent on news of the long-awaited replacement for Fred Kindle, who shied away from deals and was pushed out in February after a clash with chairman Hubertus von Gruenberg.
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