Current CEO: Global - Joe Hogan; U.S. - Enrique Santacana
The ABB Group is the world’s largest builder of electricity grids. Electricity grids are vast, interconnected networks that produce and distribute electricity. Specifically, ABB engineers solutions for smart grids, overhauling existing electrical grids and automating them with digital technology so that they meet consumer demands for energy more efficiently, more effectively, and with less impact on the environment.
One of the largest conglomerates in the world, the ABB Group was created in 1986 when the Swedish energy corporation Allmänna Svenska Elektriska Aktiebolaget merged with a consortium of Swiss electrical engineering companies called Brown, Boveri & Cie. ABB generated revenues of $31.59 billion in 2010. The company is headquartered in Zurich, Switzerland, but has operations in over 100 countries including the U.S., where it employs 8,000 workers. In October 2011, Enrique Santacana, President and CEO of ABB USA was named to the to U.S. Department of Energy's Smart Grid Advisory Committee.
In 2010, the company undertook a massive internal reorganization. Its Corporate Division deals with the overall administration of company operations including investment and asset management. It also maintains five product divisions:
Power Products: Power Products is the division that manufactures the equipment including transformers, switchgear, circuit breakers, cables and digital protective relays, which are used to generate and distribute electricity.
Power Systems: Power Systems is the division that engineers turnkey solutions for the automation, control and electrification of power plants and distribution grids.
Discrete Automation and Motion: The Discrete Automation and Motion division is headquartered in Shanghai and provides products and services for the industrial production of electricity including generators, industrial robots, power electronics and programmable logic controllers.
Low Voltage Products: The Low Voltage Products division manufactures equipment including circuit breakers, switches and cable systems that protect installations from electrical overload.
Process Automation: The process automation division provides automation technologies for a wide variety of industries including oil and gas, power, chemicals and pharmaceuticals, pulp and paper, and metals.
Most Americans working at ABB are pleased to have the opportunity, noting that there are limitless possibilities for improving their tech skills in a huge number of industries. ABB careers run on four tracks: engineering, research, sales and operations. The ABB Group culture places a high premium on sustainability, and in 2010, Corporate Knights listed the company as one of the 100 most sustainable corporations. ABB benefits include health, dental and life insurance; paid vacation and holidays and a 401(k).