Tuesday, 26 August 2008

Ravi Uppal to leave ABB

BANGALORE: Ravi Uppal, President of Global Markets and a member of the ABB Group Executive Committee since July 2007, has decided to relinquish his position for personal reasons and plans to return to India to pursue a career outside ABB.

He will remain non-executive chairman of ABB in India, to help ensure continuity in the business in this rapidly growing market, the company said in a statement.

"A successor for his Zurich-based role as head of Global Markets will be announced in due course", it said.

"I fully understand and respect Ravi's decision", said Chief Executive Officer Michel Demare. "ABB has benefited greatly over the years from his energy, drive and business knowledge. He leaves a strong legacy of growth and achievement and the ABB Executive Committee wishes him every success in future".

Uppal joined ABB in 1980 and, after a five-year spell at Volvo, returned to the company as ABB country manager in India in 2001. Uppal steered a period of very profitable growth in the country and, as the regional manager for South Asia from 2005 until his appointment to the Executive Committee, contributed to ABB's development in the region.

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