ABB hires ex-Siemens man to lead automation division

ABB hires ex-Siemens man to lead automation division

The logo of Swiss engineering group ABB is seen in Baden near Zurich, Switzerland, in this July 14, 2015 file photo. REUTERS/Arnd Wiegmann/Files

Switzerland’s ABB Ltd has hired a former Siemens executive to run a division that makes robots, motors and generators and whose profit margins have shrunk for five straight quarters amid sluggish demand for its products.

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