In a surprise move Spiesshofer, CEO since 2013, agreed with the board to step down and a search has begun for a successor, ABB said.
ABB Chairman Peter Voser has taken over as temporary chief executive at the Swiss engineering group, the company said on Wednesday, after CEO Ulrich Spiesshofer resigned.
It has also been dogged by problems with its internal financial controls, which led to reduced bonuses for some executive committee members.
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