* Eric Elzvik to take over as CFO on Feb 1, 2013
* CEO says nomination to guarantee continuity
ZURICH Nov 15 ABB, a Swiss maker of
power products and industrial robots, on Thursday appointed
veteran employee Eric Elzvik as its new chief financial officer,
filling a vacancy left by the outgoing Michel Demare.
Elzvik, 52, is currently in charge of finances at ABB's
discrete automation and motion unit. He joined the company in
1984 and has worked in Sweden, Singapore and Switzerland in
roles such including head of mergers and acquisitions.
"Eric is a familiar figure to bankers and the financial
community and his presence guarantees continuity in terms of
financial strategy and governance," Chief Executive Joe Hogan
said in a statement.
Elzvik will take up his new role on Feb. 1, 2013. The
outgoing Demare is leaving to become chairman at agrochemicals
ABB shares were down 0.8 percent at 16.93 Swiss francs
($17.90) by 0823 GMT, in line with a 0.7 percent fall for the
Swiss blue-chip index.
($1 = 0.9461 Swiss francs)
(Reporting by Catherine Bosley and Caroline Copley; Editing by