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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| ABB Ltd | NYSE:ABB | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 37.13 | 0 | 01:00:00 |
From May 2019 to May 2024
By Maria Armental
ABB Ltd.'s (ABB) former top executive will take over Align Technology Inc.'s (ALGN) reins in June, following the retirement of its longtime chief executive.
Joseph M. Hogan, 57 years old, left the Swiss electrical-engineering firm in 2013 for what company officials said at the time were "private reasons."
He replaces Thomas M. Prescott, who had served as president, chief executive and director since 2002 and oversaw a broad expansion at the company. He will remain on the board.
During Mr. Prescott's time as CEO, Align, known for its Invisalign teeth-straightening system, went from a loss of $1.52 a share to a profit of $1.77 a share while revenue surged from $69.7 million to $761.7 million, the company said.
Mr. Hogan will be paid $950,000 in annual base salary along with a signing bonus of $1.5 million.
Write to Maria Armental at maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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