ABB named one of world’s 100 best-managed companies

Company makes list for second consecutive year

ZURICH, Switzerland, August 16, 2000 – ABB, the global technology company, today announced it has been named for the second year in a row to IndustryWeek’s 100-Best Managed Companies list. The selection was made by editors at IndustryWeek and a panel of international experts. The report will appear in the August 21, 2000, issue of IndustryWeek.
The winning companies were culled from the IndustryWeek 1000, a list of the world’s largest publicly held manufacturing companies, based on revenues. ABB’s selection was based on a number of criteria, including the company’s financial performance, its activities in areas such as employee development and technology innovation, and voting by a panel of more than 90 business leaders and academics.

Last year, ABB president and CEO Göran Lindahl was also named CEO of the Year by IndustryWeek. Lindahl was the first non-U.S. CEO to achieve the distinction.

“IndustryWeek’s 100 Best-Managed Companies are the world’s leaders in innovative management strategies,” says John Brandt, publisher and editor-in-chief of IW. “Their emphasis on long-term growth makes them models for every corporation. ABB is an outstanding example of what we look for in one of IndustryWeek's Best-Managed Companies, evidenced by the company's commitment to all its constituencies including not just shareholders and customers, but employees and communities, too.”

The ABB Group serves customers in power transmission and distribution; automation; oil, gas, and petrochemicals; building technologies; and in financial services. With novel IT applications, tailored software solutions, growing eBusiness and a fast-expanding knowledge and service base, ABB is building links to the new economy. The ABB Group employs about 160,000 people in more than 100 countries.

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