ABB Names Richard Siudek Head of U.S. T&D Business.NORWALK, Conn.--(BUSINESS WIRE)--Nov. 4, 1997--Dr. Richard S. Siudek has been appointed executive vice president, ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s Inc., and president, ABB Power T&D Company Inc., effective January 1, 1998. Headquartered in Raleigh, North Carolina For other uses of this name, see Raleigh. Raleigh (IPA: /ˈrɑli/, ral-ee) is the capital of the State of North Carolina and the county seat of Wake County. , ABB Power T&D Company Inc. is a leading supplier of transformers, substations, circuit breakers Circuit breakers Measures instituted by exchanges to stop trading temporarily when the market has fallen by a certain percentage in a specified period. They are intended to prevent a market free fall by permitting buy and sell orders to rebalance. , and other power transmission and distribution equipment. Dr. Siudek succeeds Dr. Ake Almgren, who has been appointed head of the worldwide distribution transformer business of ABB Group. Dr. Siudek joined ABB in 1991 as president, ABB Combustion Engineering Combustion Engineering (C-E) was an innovative American engineering firm and leading firm in the development of power systems in the United States with approximately 30,000 employees in about a dozen states at its peak. Nuclear Fuel, and in 1993 was appointed president, ABB Combustion Engineering Nuclear Operations, the combined U.S. nuclear fuel and service business. In 1996 he was appointed head of ABB's worldwide nuclear businesses. Prior to joining ABB, Dr. Siudek was employed by Westinghouse Electric Corporation for 19 years in its nuclear business. He holds a Bachelor's degree from Leeds University and a Ph.D. from Bath University, both in the U.K. ABB Inc. (http://www.abb.com/americas/usa), with headquarters in Norwalk, Conn., serves customers in power generation, power transmission and distribution, industrial and building systems, financial services, and transportation. The company and its affiliates had annual U.S. revenues of approximately $5.4 billion in 1996 and employed 22,000 people at manufacturing and other facilities in 41 states. ABB Inc. is part of the ABB Group, the international engineering company with approximately 215,000 employees worldwide in 1996 and revenues of $35 billion. Shares in ABB Group's parent companies, ABB AB and ABB AG, are traded, respectively, on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on (ABBBY) and OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). (ABBGY) stock markets. CONTACT: ABB Group, Norwalk William Kelly, 203/750-2246 e-mail: william.s.kelly@usabb.mail.abb.com |
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