ABB shareholders approve all board proposals

Zurich, Switzerland, April 26, 2010 – Shareholders of ABB, the leading power and automation technology group, have approved all proposals submitted by the Board of Directors to the company's annual general meeting in Zurich today.

All eight members of the Board were re-elected for another annual term. The Board of Directors re-elected Hubertus von Grünberg to the position of Chairman of the Board.

Shareholders voted for a payout of 0.51 Swiss francs per share for 2009, an increase of 6 percent compared to the prior year, to be paid in the form of a reduction in the nominal value of the shares.
The Swiss-franc share buyback program announced in 2008 has ended. The shareholders agreed to a proposal to cancel the 22.675 million shares that were purchased under the program.

"ABB is stronger today than it was a year ago, despite the worst recession in many decades," said Chairman von Grünberg. "Quick and decisive action on costs and aggressive pursuit of opportunities globally have positioned the company for growth as the world economy recovers."

About 1,300 shareholders attended the annual general meeting and 53 percent of the total share capital was represented. They approved the annual report, the consolidated financial statements and the annual financial statements for 2009.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 117,000 people.

    •   Cancel
      • Twitter
      • Facebook
      • LinkedIn
      • Weibo
      • Print
      • Email
    •   Cancel

    Contact us

    Page information:
    • Media Relations
      ABB Corporate Communications, Zurich
      Thomas Schmidt, Wolfram Eberhardt
      Tel: +41 43 317 6568
      Fax: +41 43 317 7958
      ABB Ltd
      Affolternstrasse 44
      CH-8050 Zurich, Switzerland
    • Investor Relations
      Switzerland: Tel. +41 43 317 7111
      Sweden: Tel. +46 21 325 000
      USA: Tel. +1 203 750 7743
    seitp202 a72026db56d008a5c12577110049039f