ABB shareholders approve all proposals at the Annual General Meeting

Annual General Meeting

Zurich, Switzerland, April 21, 2016
  • Election of Board members and Chairman who stood for re-election
  • Frederico Fleury Curado, Robyn Denholm, David Meline and Satish Pai elected as new members of the Board
  • David Constable, Frederico Fleury Curado, Michel de Rosen and Ying Yeh elected to the Compensation Committee
  • Seventh consecutive dividend increase approved
  • Board and EC compensation approved

The shareholders elected Frederico Fleury Curado, Robyn Denholm, David Meline and Satish Pai to join the Board. Peter Voser, Jacob Wallenberg, Matti Alahuhta, David Constable, Louis R. Hughes, Michel de Rosen and Ying Yeh were re-elected for another term. The shareholders also voted for the proposed Compensation Committee members.

The shareholders supported a seventh consecutive dividend increase to CHF 0.74 per share, up from CHF 0.72 last year. The dividend will be paid by the way of nominal value reduction. The payout is expected for July 2016. The shareholders also approved the management report, the consolidated financial statements and the annual financial statements for 2015.

Furthermore, shareholders approved in a binding vote the maximum aggregate compensation of the Board of Directors for the 2016-2017 term of office and of the Executive Committee for the 2017 financial year. In addition, the shareholders approved the compensation report for 2015 in a non-binding vote.

A capital reduction through the cancellation of 100,000,000 shares repurchased under the share buyback program was also approved.

A total of 803 shareholders attended the Annual General Meeting, representing 73.6 percent of the total votable share capital.

The final results of the Annual General Meeting will be published on www.abb.com later today.

ABB (www.abb.com) is a leading global technology company in power and automation that enables utility, industry, and transport & infrastructure customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in roughly 100 countries and employs about 135,000 people.


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