ABB Management

Management criteria checks 2/4

ABB's CEO is Morten Wierod, appointed in Aug 2024, has a tenure of less than a year. total yearly compensation is $5.47M, comprised of 20.9% salary and 79.1% bonuses, including company stock and options. directly owns 0.008% of the company’s shares, worth SEK87.69M. The average tenure of the management team and the board of directors is 4.3 years and 6.7 years respectively.

Key information

Morten Wierod

Chief executive officer

US$5.5m

Total compensation

CEO salary percentage	20.9%
CEO tenure	less than a year
CEO ownership	0.008%
Management average tenure	4.3yrs
Board average tenure	6.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Morten Wierod's remuneration changed compared to ABB's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$4b
Jun 30 2024	n/a	n/a	US$4b
Mar 31 2024	n/a	n/a	US$4b
Dec 31 2023	US$5m	US$1m	US$4b
Sep 30 2023	n/a	n/a	US$4b
Jun 30 2023	n/a	n/a	US$3b
Mar 31 2023	n/a	n/a	US$3b
Dec 31 2022	US$4m	US$946k	US$3b
Sep 30 2022	n/a	n/a	US$4b
Jun 30 2022	n/a	n/a	US$4b
Mar 31 2022	n/a	n/a	US$5b
Dec 31 2021	US$4m	US$868k	US$5b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$886m
Mar 31 2021	n/a	n/a	US$494m
Dec 31 2020	US$3m	US$795k	US$286m
Sep 30 2020	n/a	n/a	US$457m
Jun 30 2020	n/a	n/a	US$1b
Mar 31 2020	n/a	n/a	US$937m
Dec 31 2019	US$2m	US$543k	US$1b

Compensation vs Market: Morten's total compensation ($USD5.47M) is above average for companies of similar size in the Swedish market ($USD2.52M).

Compensation vs Earnings: Morten's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Morten Wierod (52 yo)

less than a year

Tenure

US$5,474,404

Compensation

Mr. Morten Wierod serves as a Non-Executive Member of ABB E-mobility Inc. Mr. Wierod served as a Non-Executive Non-Independent Director at ABB India Limited from June 19, 2020 to May 05, 2022 and served as...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Morten Wierod	Chief Executive Officer	less than a year	US$5.47m	0.0077% SEK 87.7m
Timo Ihamuotila	Chief Financial Officer	7.6yrs	US$5.60m	0.0084% SEK 95.7m
Karin Lepasoon	Chief Communications & Sustainability Officer	2.1yrs	US$3.00m	0.000020% SEK 228.1k
Carolina Granat	Chief Human Resources Officer	3.8yrs	US$3.99m	0.00028% SEK 3.2m
Peter Terwiesch	President of Process Automation	7.8yrs	US$4.84m	0.0021% SEK 23.5m
Sami Atiya	President of Robotics & Discrete Automation Business	no data	US$4.43m	0.0054% SEK 61.9m
Bjorn Klas Rosengren	Advisor	less than a year	US$11.52m	0.021% SEK 236.5m
Alec Joannou	Chief Information Officer	6.1yrs	no data	no data
Ann-Sofie Nordh	Group Senior VP & Head of Investor Relations	4.8yrs	no data	no data
Mathias Gaertner	General Counsel & Company Secretary	less than a year	no data	no data
Richard Brown	Group Senior VP & Chief Counsel of Corporate & Finance	no data	no data	no data
Toby Simons	Group Head of Global Mobility & VP	13.8yrs	no data	no data

4.3yrs

Average Tenure

56yo

Average Age

Experienced Management: ABB's management team is considered experienced (4.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Frederico C. Pinheiro Curado	Independent & Non-Executive Director	8.6yrs	US$416.13k	0.0034% SEK 39.0m
Peter Voser	Independent Chairman of the Board	9.6yrs	US$1.43m	0.011% SEK 128.1m
Lars Gunnar Brock	Independent & Non-Executive Director	6.7yrs	US$392.35k	0.0023% SEK 25.9m
Johan Forssell	Director	less than a year	no data	no data
Lars Forberg	Independent & Non-Executive Director	7.6yrs	US$380.46k	0.0047% SEK 53.8m
David Meline	Independent & Non-Executive Director	8.6yrs	US$475.58k	0.0028% SEK 31.8m
David Constable	Independent & Non-Executive Director	9.6yrs	US$380.46k	0.0027% SEK 30.4m
Xin-Zhe Li	Independent Director	6.7yrs	US$416.13k	0.0027% SEK 30.9m
Mats Rahmström	Director	less than a year	no data	no data
Denise Johnson	Director	1.7yrs	US$196.18k	0.00053% SEK 6.0m
Geraldine Matchett	Independent & Non-Executive Director	6.7yrs	US$392.35k	0.0022% SEK 24.5m

6.7yrs

Average Tenure

59yo

Average Age

Experienced Board: ABB's board of directors are considered experienced (6.7 years average tenure).

ABB Management

Management criteria checks 2/4

Key information

Recent management updates

ABB and Niedax Group Announce Executive Leadership Team for Abnex, Inc

Chief Financial Officer recently sold kr12m worth of stock

Independent Chairman of the Board recently sold kr20m worth of stock

President of Process Automation recently sold kr14m worth of stock

ABB Appoints New Business Area Presidents, Effective August 1, 2024

President of Process Automation recently sold kr20m worth of stock

Recent updates

Now 21% overvalued after recent price rise

Abb Launches Next-Generation Medium Voltage Drive, Designed to Enhance Industrial Performance and Reliability

ABB Ltd (SWX:ABBN) agreed to acquire Aurora Motors.

ABB and Niedax Group Announce Executive Leadership Team for Abnex, Inc

Chief Financial Officer recently sold kr12m worth of stock

ABB Ltd to Report Q2, 2025 Results on Jul 17, 2025

Third quarter 2024 earnings: EPS and revenues miss analyst expectations

ABB Ltd Provides Earnings Guidance for the Fourth Quarter and Full Year of 2024

ABB Ltd to Report Q4, 2024 Results on Jan 30, 2025

Independent Chairman of the Board recently sold kr20m worth of stock

ABB Ltd (SWX:ABBN) agreed to acquire Dr. FÖDisch Umweltmesstechnik Ag.

President of Process Automation recently sold kr14m worth of stock

Second quarter 2024 earnings released: EPS: US$0.59 (vs US$0.49 in 2Q 2023)

ABB Reportedly Mulls Sale of Some Electric Mobility Assets

ABB Appoints New Business Area Presidents, Effective August 1, 2024

President of Process Automation recently sold kr20m worth of stock

ABB Installation Products Introduces First Cable Protection Systems Made from Recycled Fishing Nets

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

ABB Ltd Provides Revenue Guidance for the Second Quarter and Full Year 2024

Dividend of CHF0.87 announced

ABB Ltd Approves Dividend, Payable on March 27, 2024

Upcoming dividend of CHF0.87 per share

Full year 2023 earnings: EPS exceeds analyst expectations

Dividend of CHF0.87 announced

ABB Ltd Announces Chief Executive Officer Changes

Now 20% overvalued after recent price rise

ABB Ltd (SWX:ABBN) entered into an agreement to acquire SEAM Group, LLC from Align Capital Partners, LP.

Chief Financial Officer recently sold kr12m worth of stock

Now 20% overvalued after recent price rise

Abb Ltd Provides Earnings Guidance for the First Quarter and Full Year 2024

Full year 2023 earnings released: EPS: US$2.03 (vs US$1.33 in FY 2022)

ABB Ltd Proposes Dividend for 2023

ABB Ltd (SWX:ABBN) agreed to acquire Real Tech Inc.

President of Process Automation recently sold kr13m worth of stock

ABB Ltd Announces Management Changes

ABB Ltd Provides Earnings Guidance for the Fourth Quarter and Full Year of 2023

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

ABB Ltd to Report Fiscal Year 2023 Results on Feb 01, 2024

ABB Ltd Provides Earnings Guidance for the Third Quarter and Full Year 2023

Second quarter 2023 earnings: EPS misses analyst expectations

ABB Ltd (SWX:ABBN) acquired Eve Systems GmbH.

New minor risk - Shareholder dilution

Chief Financial Officer recently sold kr17m worth of stock

Independent Chairman of the Board recently bought kr6.5m worth of stock

ABB Ltd (SWX:ABBN) acquired Low voltage NEMA motor business from Siemens Aktiengesellschaft (XTRA:SIE).

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Upcoming dividend of CHF0.84 per share at 2.8% yield

President of Process Automation recently sold kr15m worth of stock

Full year 2022 earnings: EPS exceeds analyst expectations

ABB Ltd Announces Stepping Down of Satish Pai from the Board

AcBel Polytech Inc. entered into an agreement to acquire Power Conversion division of ABB Ltd from ABB Ltd for $505 million.

AcBel Polytech Inc. entered into an agreement to acquire Power Conversion division of ABB Ltd from ABB Ltd for $505 million.

TÜV Rheinland AG signed an agreement to acquire UK technical engineering consultancy business from ABB Ltd (SWX:ABBN).

Hitachi, Ltd. (TSE:6501) completed the acquisition of remaining 19.9% stake in Hitachi Energy Ltd from ABB Ltd (SWX:ABBN).

ABB Launches Sensi+™ – Revolutionary Analyzer for Natural Gas Quality Monitoring

ABB Ltd to Report Fiscal Year 2022 Results on Feb 24, 2023

Insufficient new directors

Third quarter 2022 earnings: EPS misses analyst expectations

ABB Ltd to Report Q3, 2023 Results on Oct 18, 2023

ABB Ltd to Report Q1, 2023 Results on Apr 25, 2023

Now 21% undervalued

ABB Ltd, Annual General Meeting, Mar 23, 2023

Now 20% undervalued

ABB Ltd (SWX:ABBN) signed an agreement to acquire Low voltage NEMA motor business from Siemens Aktiengesellschaft (XTRA:SIE).

ABB Ltd (SWX:ABBN) signed an agreement to acquire Low voltage NEMA motor business from Siemens Aktiengesellschaft (XTRA:SIE).

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

ABB Ltd Provides Earnings Guidance for the Third Quarter and Full Year of 2022

ABB Ltd Provides Earnings Guidance for the Third Quarter and Full Year of 2022

ABB Ltd (SWX:ABBN) has agreed to acquire an unknown majority stake in Numocity Technologies Pvt Ltd.