Business News
ABB Board proposes Ying Yeh as a new member
Thursday 03. March 2011 - Bernd W. Voss to retire from ABB Board
ABBs Board of Directors has unanimously proposed Ms. Ying Yeh as a new member. The shareholders will vote on her nomination at the companys next annual general meeting on April 29, 2011.
Bernd W. Voss has chosen not to seek re-election to the ABB Board at the next annual general meeting. The other members of the Board will stand for re-election. ABB Board members are elected for a one-year term.
Ying Yeh is currently Vice President of Nalco Company, one of the worlds largest sustainability services companies, and Chairperson of the companys Greater China region. She is currently a non-executive director of AB Volvo in Sweden and of the Intercontinental Hotels Group in the UK. Yeh is 62 and a resident of Hong Kong.
Yeh has extensive public and private sector experience in China, Hong Kong, Singapore, Taiwan and the US, and has been pivotal in driving highly ambitious growth strategies in business-to-business industries. She has had leadership roles in a number of utility and energy efficiency projects, and is familiar with many of ABBs key sectors including water treatment, paper, mining and chemicals.
Hubertus von Grünberg, Chairman of the ABB Board, said “Ying Yehs nomination reflects ABBs commitment to build on our strong relationships in Asia and expand our presence in this important economic region. We are also delighted to propose the election of the first woman as a director of ABB; her insights will further enrich the diversity of our multicultural Board.”
Bernd W. Voss has been a member of the ABB Board and the Chairman of the Finance, Audit and Compliance Committee since 2002. Von Grünberg said “Bernd Voss has been an integral part of ABBs history during some of its greatest challenges and successes. We thank him sincerely for his guidance and leadership in helping to shape todays ABB.”