ABB names Nokia executive Jouret first chief digital officer
- Dow, S&P hit highs; Trump comment hammers drug stocks
- Unusual 11 Mid-Day Movers 12/7: (ANTH) (EMKR) (PLAY) Higher; (SIGM) (OHAI) (FTK) Lower
- Abbott (ABT) Files Complaint to Terminate Alere (ALR) Acquisition
- Western Digital (WDC) Raises Q2 Outlook
- Biotech, Pharma Stocks Weaker Amid Trump Comments on Lower Drug Prices
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
ZURICH (Reuters) - ABB has appointed Guido Jouret as its first chief digital officer, a move designed to ramp up the Swiss power and automation company's efforts in digital technology and the internet of things.
Jouret will lead development and deployment of digital solutions for customers globally and across all businesses, ABB said in a statement on Monday.
Digital technology is becoming increasingly important to ABB, with roughly half of its annual sales from products that are digitally enabled. Jouret will report to Chief Executive Ulrich Spiesshofer when he takes up his role on Oct. 1.
Jouret, a U.S and Belgian citizen, has been chief technical officer at Nokia Technologies since April 2015. He had also worked at Cisco as general manager of the Internet of Things division, which aims to connect billions of devices to the internet across a wide range of industries.
His digitalization experience spans companies in utilities, industry and transport and infrastructure, ABB said.
"Guido Jouret is a proven leader in the digital revolution, with a solid track record in creating and growing new businesses as well as in the digital transformation of mature businesses," Spiesshofer said in a statement.
(Reporting by John Revilll Editing by Michael Shields)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wal-Mart de Mexico to invest $1.3 billion in logistics
- Airbus set to win Canadian deal for search-and-rescue aircraft: source
- Trump to tap Oklahoma attorney general to lead EPA -transition team
Create E-mail Alert Related CategoriesReuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!