People: ABB Ltd (ABBN.VX)

Mr. Jacob Wallenberg has been Non-Executive Member of the Board of Directors of ABB Ltd since June 26, 1999. He is Member of the Finance, Audit and Compliance Committee of the Company. From March 1999 to June 1999, he served as Member of the Board of Directors of ABB Asea Brown Boveri Ltd. He is Chairman of the Board of Directors of Investor AB, Sweden. He has been Vice-Chairman of SEB Skandinaviska Enskilda Banken, Atlas Copco and SAS. He has also been Member of the Boards of Directors of the Knut and Alice Wallenberg, Thisbe AB, the Nobel Foundation, the Stockholm School of Economics (all Sweden) and since January 2008, of Coca-Cola Corporation, the United States. He holds a Bachelor of Science degree in Economics from the Wharton School, University of Pennsylvania, the United States, which he earned in 1980. Then, in 1981, Mr. Wallenberg earned a Master of Business Administration degree also from Wharton School of the University of Pennsylvania.